Following the announcement of the new WWE Money in the Bank pay-per-view scheduled to take place on Sunday, July 18, 2010, PWMania.com has learned the Money in the Bank Ladder Match has been scrapped from the Wrestlemania XXIV lineup and will no longer be a staple at the annual pay-per-view of the year.
WWE implemented the new Money in the Bank pay-per-view based on responses they received from fans on a recent online survey.
The Money in the Bank concept is considered a tremendous draw and WWE officials are hoping the concept will greatly increase PPV buys prior to Summerslam.
WWE officials are trying to make their B-level shows more meaningful with the gimmicks.
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