Further details about the updated situation of the UK NXT contract have been disclosed, according to a report from the Wrestling Observer (subscription required). With news coming out of NXT UK talents who received various level contracts and that major stars were banned from competing outside their brands, Dave Meltzer reported that WWE agreements with various UK promotions allowed them to 'buy and close' promotion if they want.
"Part of the WWE work agreement originally offered and approved was that WWE will have the right for the next few years, if they choose, to buy the company at an agreed price (six figures high in at least some cases) and then stop them so they don't again competing "with themselves" with the idea that will occur when they carry out a full-time schedule on that market. "
WWE currently has a work agreement in place with PROGRESS Wrestling and the Scottish Crazy Wrestling Championship. Both promotions generally use NXT UK's top stars and also SmackDown superstar Killian Dain. Previously it was reported that a list of "non-competitive" promotions was revealed, even though IMPACT Wrestling was not part of it.
The current NXT UK stars, including the WWE United Kingdom Champion Pete Dunne and Tyler Bate, are given permission to compete in Destiny Wrestling, even though it will not be live streaming and for audiences only.