Weekly Pro is reporting that Simon Inoki has resigned as President of New Japan Pro Wrestling. The resignation will be tendered to the board of director at New Japan's stockholders meeting in April, reports Zach Arnold.
We reported earlier that Antonio Inoki was forming a new promotion called IGF (Inoki Gnome Federation), with the first show on 6/26. There is speculation the resignation and the formation of the IGF could be related.
As we reported yesterday, the speculation is that Simon Inoki resigned as New Japan Pro Wrestling President to work with his father-in-law, Antonio Inoki, in the formation of a new promotion, IGF (Inoki Genome Federation) - which is slated to debut in June. According to Sankei Sports, Vice President Naoki Sugabayashi and Masahiro Chono have emerged as the top candidates to replace Inoki. There is also talk that with Inoki resigning, the New Japan-TNA working relationship could be in jeopardy. As Chris Johnson reported yesterday, Keiji Muto (The Great Muta) is looking to open the door to a possible All Japan Pro Wrestling/TNA relationship.
Source: http://www.Gerweck.net
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