10 Best World Titles Changes On Raw
4. Steve Austin - June 29, 1998
Steve Austin was the top star in wrestling when he won the WWE World Championship at WrestleMania XIV, and his feud with Vince McMahon helped raise the company out of WCW's shadow. By the spring, the Monday Night Wars had once again become very, very competitive.
At King of the Ring 1998, though, the unthinkable happened - Austin actually lost the title to Kane. The bout was a first blood match, with Kane promising to set himself on fire if he lost, which kind of telegraphed the finish. Even so, though, how could the company take WWE World Championship off of the star who had brought them back to prominence?
They could do it if it was all a ploy to pop a rating. The very next evening on Raw, WWE World Champion Kane was confronted by Austin, who demanded a rematch. Though Paul Bearer didn't want Kane to accept, "The Big Red Machine" nodded, and the match was on. The main event of Raw was a heated contest (if not a classic) that saw Austin topple Kane to become a two-time champ, and WWE handily beat WCW in that week's ratings.