 That same decade, the formation of World Championship Wrestling (WCW), WWF's future chief competitor, would also contribute to the disintegration of territorial wrestling.Finally, in July 1992, facing increasing health problems from age, overwhelming competition from WWF and WCW, and unrelenting problems from an overzealous Oregon State Athletic Commission, as well as the bankruptcy of his main television sponsor, Don Owen was forced to shut down PNW's operations.He sold the entire company, minus the Sports Arena, to promoter Sandy Barr.