It was owned and founded by Verne Gagne and Wally Karbo. In , he sold a one third interest in the promotion to his son Dennis and Wally Karbo. Stecher died on October 9, , and control of the promotion passed to Karbo and Dennis. Verne Gagne, an amateur wrestling champion, had become a well known and popular wrestler nationally in the s as a result of his appearances on the DuMont Network. They then became co-owners of the promotion.
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Colourful characters, strong women, and over-the-top comedy sketches were integral to the series' success. Most of the performers were actresses, models, dancers or stunt women hoping to enter show business. David B. McLane created the series while working as an announcer and promoter with Indianapolis-based World Wrestling Association WWA after seeing fans react to women's wrestling. The show runner Dick the Bruiser believed that Indianapolis audiences would not be receptive to a wrestling promotion featuring female wrestlers and dismissed the concept as an unprofitable novelty.