Frank (Edward Asner) is a wrestling promoter who is involved with other promoters around the country trying to come up with a unified national show (so foretold the rise of Wrestlemania in the 1980s somewhat). However, the mob want to fix some matches to make some bread which goes against everything Frank believes in (this film is strictly kayfabe).
Meanwhile, the champion and Frank's friend Mike (Verne Gagne) refuses to put his title on the line against the up-and-coming and dangerous challenger Billy Robinson. Frank puts his friendship with Mike on the line to book the match...
This really isn't that great a film from a dramatic piece of work standpoint. The plot is plodding and sometimes confusing, the acting from most of the wrestlers is pretty poor. However, for a nostalgic look at wrestling in it's time this is great. Some real legends of the ring are on show here (the film is heavily AWA based) including Verne Gagne, Dusty Rhodes, Dick Murdoch even a very young (and brown haired) Ric Flair in one scene!