Current WWE Raw star JBL has posted a new blog on the WWE Universe social networking website stating he is now officially sponsoring Ohio Valley Wrestling, which was the former developmental territory for WWE.

“I am the sponsor of OVW, it is true. Danny Davis is my good friend and I hate to see anyone lose their dream. Danny has mortgaged his home to make this work; I mortgaged my home for Layfield Energy. I understand passion, I understand love. I believe in the American spirit, I believe that if you want to achieve, you can. But for now, I am funding all of OVW, because I believe in what they are doing. One day I will tell all, but for now, I will say that I am doing what is right.”

To read the full blog, click here.