WWE.com has addressed the online rumors that Florida Championship Wrestling is shutting down, vehemently denying the “erroneous” report by an “unreliable online news source.”

The WWE website reached out to WWE’s Executive Vice President of Talent, Paul Levesque (Triple H) to address this issue:

“It is absolutely not true. FCW is not closing. I don’t know how the rumor started but I believe it’s a situation where the ‘dirt sheets’ want to believe they have the scoop on everything. If anything, we are in the process of ramping up our entire developmental system. It’s the lifeblood of our company. It’s what feeds our future and in no way are we going to close it down.”

Triple H acknowledged that there are plans to overhaul the developmental system and revealed that there is a “major announcement” coming shortly after WrestleMania regarding the future of WWE developmental:

“WWE’s developmental system is being revamped, not shut down. If anything, it’s going to get bigger and better than ever. WWE Developmental cultivates the future talent of WWE. By no means is it going to get smaller or shut down.”

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