Walter Joseph Karbo (August 14, 1915 – March 23, 1993) was an American professional wrestling promoter and co-founder of the American Wrestling Association with Verne Gagne.
In 1952, Tony Stecher sold a one-third interest in the Minneapolis Boxing and Wrestling club to Wally Karbo and his son Dennis Stecher. After Tony's death in 1954, control of the promotion was passed to Dennis and Karbo. In 1959, Dennis sold his majority stake in the Minneapolis Boxing and Wrestling club to Karbo and Gagne, becoming co-owners of the promotion from that point onward. Breaking away from the National Wrestling Alliance, he and Gagne established the AWA in 1960 and together operated the promotion for over thirty years.
Karbo would also appear as an on-air personality, hosting the AWA's Saturday morning television show All-Star Wrestling before Karbo sold his interests to Gagne in 1985. Although retiring soon after, he did remain in professional wrestling, appearing as the commissioner of the Ladies Pro Wrestling Association.
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