The "Money in the Bank" ladder match has gained popularity among pro wrestling fans in a very short time. But, quite a lot of people don't know the historical background of this match.
Here I discus the historical background of the MITB ladder match and some facts and statistics about it.
In the WWE storylines, the concept of the match was introduced by Chris Jericho, who pitched the idea to then-Raw GM, Eric Bischoff.
Bischoff liked the idea and promptly signed it for WrestleMania. From then on, the MITB ladder match has been a staple of every Wrestlemania.
As per the rules, the winner of the match can cash in his contract for any title anytime, anywhere.
At WrestleMania 21, Christian, Chris Benoit, Chris Jericho, Edge, Kane, and Shelton Benjamin faced off to be the first Mr. Money in the Bank.
Edge won the fierce battle and carried the briefcase for nine months. He even successfully defended his briefcase against Matt Hardy in a "loser leaves Raw" match.
At New Year's Revolution 2006, Edge cashed in his MITB contract and defeated then-WWE Champion John Cena to become the new Champ after Cena had retained his title in an Elimination Chamber match.
The second MITB ladder match took place at WrestleMania 22 between Rob Van Dam, Shelton Benjamin, Ric Flair, Finlay, Matt Hardy, and Bobby Lashley.
RVD won the match after pushing Benjamin and Hardy off a ladder while he was on another ladder and retrieved the briefcase.
RVD defended his briefcase successfully against Benjamin at Backlash 2006, where Van Dam also won the Intercontinental Title, as per the match stipulations.
He cashed in his briefcase at One Night Stand in 2006 and defeated John Cena in an Extreme Rules match to become the new WWE Champion.
He is the first Mr. Money in the Bank who cashed in his contract and wrestled a full match.
The third MITB ladder match was held at WrestleMania 23 between Mr. Kennedy, Finlay, Edge, Randy Orton, King Booker, Jeff Hardy, Matt Hardy, and CM Punk.
Mr. Kennedy won the briefcase after pushing Punk off another ladder and retrieving the briefcase. After winning, Mr. Kennedy said he would cash in his MITB contract at WrestleMania XXIV.
He suffered an injury on the May 7 episode of Raw. On that night, Edge defeated him in a singles match to become the new Mr. Money in the Bank. Mr. Kennedy became the first man in the history to lose the MITB contract before cashing it in.
"The Ultimate Opportunist" Edge was desperate to win a world title during mid 2007. And he got his chance.
On the May 7 episode of Raw, when Mr. Money in the Bank Mr. Kennedy was preparing for his match with Edge, Edge viciously attacked him prior to the match and, after the bell, speared him to win the MITB briefcase.
Edge then cashed in his MITB contract the next night after Undertaker was beaten up by Mark Henry. Edge speared Undertaker once and pinned him to become the new World Heavyweight Champion.
The fourth annual MITB Ladder match took place at WrestleMania XXIV between Chris Jericho, MVP, John Morrison, Shelton Benjamin, CM Punk, Carlito, and Mr. Kennedy.
CM Punk won the match after trapping the leg of Chris Jericho on the same ladder he was standing on and retrieved the briefcase.
CM Punk cashed in his MITB contract on the June 30 edition of Raw, after Batista had beaten down Edge. Punk then applied the GTS to Edge and pinned him to become the new World Heavyweight Champion.
The fifth annual MITB ladder match took place at WrestleMania XXV between CM Punk, Christian, Finlay, Mark Henry, Kane, MVP, Shelton Benjamin, and Kofi Kingston.
CM Punk won the match after fending off Kane and retrieving the briefcase. In doing so, Punk became the first person to ever win the MITB ladder match two years in a row.
Punk has yet to cash in his MITB contract.
Some of the facts about the Money in the Bank Ladder match are:
1. CM Punk and Edge have the most reigns as Mr. Money in the Bank—two.
2. Among all the winners, only Mr. Kennedy could not cash in the contract.
3. Among all the MITB participants, Shelton Benjamin has participated the most—four times in five matches.
4. Among all the participants of the MITB Ladder match, Mark Henry is the heaviest.
5. Other than Rob Van Dam, all the other winners have taken a certain opportunity to cash in the contract.
6. Edge has held the MITB contract for the longest amount of time—nine months.
7. Mr Kennedy has held the MITB contract for the shortest amount of time—one month.
8. The first two contracts were used to win the WWE Title. The last two were used to win the World Heavyweight Title.
9. Among all the Mr. Money in the Banks, only CM Punk has not defended his contract.
10. Two contracts have been cashed in against John Cena—the most among any reigning champ.
11. Among all Mr. Money in the Banks, Edge is heaviest and CM Punk is the lightest.
12.Four out of the six winners of the MITB ladder match were Raw superstars when they won.
13. Lastly,Edge was involved in every title decision related to the Money in the Bank..
2005, Defeated John Cena for the WWE Title
2006, Speared Cena in the One Night Stand PPV, giving RVD the win and the title.
2007, Won the MITB contract from Mr Kennedy, and defeated Undertaker for the World Heavyweight title
2008, Was defeated by CM Punk, losing the World Heavyweight title, after a beatdown by Batista and a GTS from Punk
So readers, I hope you have enjoyed the read and the amazing facts of the "Money in the Bank" ladder match.