Seemingly unaware that it is a spoof of territory-based professional wrestling of the 1980s, media mogul Ted Turner has decided to “get back into the rasslin’ business” with his purchase Southpaw Regional Wrestling.

The 78-year-old billionaire, who owned World Championship Wrestling (WCW) until the promotion’s 2001 sale to Vince McMahon, reportedly paid $300 million for Southpaw, not realizing that it is just a satirical YouTube series starring current WWE talent in bad wigs and loud sportcoats.

In a statement issued from his Atlanta office, Turner said “Southpaw is rasslin’ the way it should be — honest and southern, not like that namby-pampy cartoon stuff Vince (McMahon) is doing up there in New York.”

According to sources close to Turner, he is considering a number of “improvements” to the Southpaw brand, including:

Changing the name from “Southpaw Regional Wrestling” to “Uncle Ted’s Hee-Haw Hoedown Country Rasslin’ Hootenanny and Clambake.”

Commentator Lance Catamaran will be joined by Tony Shiavone, which will surely put butts in seats

Southpaw will go live, head-to-head, against WWE Monday Night Raw (though Turner has not yet realized why this in an impossibility).

The weekly program will be titled Monday Night Brouhaha, and each episode will culminate with a live performance by Boz Scaggs, Billy Ray Cyrus, and the surviving members of the West Texas Rednecks.

A number of people close to Turner have reportedly tried to tell him that Southpaw Regional Wrestling is a fake promotion, but he has shrugged off their concerns by responding that “all rasslin’ is fake, dummies.”