The biggest misconception out there is that WCW never made money. They paid their roster huge money namely the big stars but they also could afford to. Their buy rates were huge and their southern American audience preferred to watch WCW over WWE. They made a killing in revenue from the ratings. Hogan was making 5 mil per year plus 150,000 bonus for every Nitro and Thunder he appeared on. It was in late 1999 - 2001 that WCW was in the hole and only because they were losing the ratings bigtime plus a lot of stars were leaving taking a contract payout.
Hogan may have lost 70% of his assets at the time of his divorce but he recovered a shit load of money too. He still owned businesses, did time in TNA for big cash, Legends contract with WWE plus appearances. hes worth close to 10 mil now as opposed to 28 mil prior while his ex wife pissed away a lot of that money she got with her 40K per month spending habit. Supposedly now he signed some new endorsement deal. The guy just needs to stop getting bad publicity. I fault the media too. He was going through a very rough time in his life with his divorce, his assets, his son's car accident bullshit, etc. Even African American guys who new Hogan said he was not racist and they really didn't care for his comments at the time because "they new he was not like that.
The world will critisize Hogan for "racist remarks" but no one says anything about Jimmy Snuka who murdered his girlfriend in 1983. I'm not a fan of Hogan but that is a joke when you think about it.