In early 2000, WCW brought back former WCW president Eric Bischoff and Vince Russo, putting them together to run WCW. On-screen, Bischoff and Russo took over and declared all WCW titles vacant on April 10, 2000. They also declared a new stable with both of them at the helm called The New Blood. It consisted of most of the younger wrestlers in WCW as well as longtime talent that had been largely in the background for years, feuding with "The Millionaire's Club", the older stars of WCW, whom they claimed held them all back.
On April 16, at Spring Stampede in Chicago, Illinois, all of the titles were filled with matches between the New Blood and the Millionaire's Club. The New Blood won all of the vacant WCW titles, with the exception of the WCW Hardcore Championship, which was won by Terry Funk. The feuds continued for another month or so before the New Blood disbanded.
The true end of the angle occurred on July 9 at Bash at the Beach in Daytona Beach, Florida, after the infamous Russo promo, which caused Hulk Hogan and Bischoff to leave the promotion. However, the New Blood theme continued in WCW coinciding with the New Blood Rising pay-per-view in August 2000.