The 1977 Anniversary show commemorated the 44th anniversary of the Mexican professional wrestling companyEmpresa Mexicana de Lucha Libre holding their first show on September 22, 1933 by promoter and founder Salvador Lutteroth. EMLL was rebranded early in 1992 to become Consejo Mundial de Lucha Libre signal their departure from the National Wrestling Alliance. With the sales of the Jim Crockett Promotions to Ted Turner in 1988 EMLL became the oldest, still-operating wrestling promotion in the world. Over the years EMLL/CMLL has on occasion held multiple shows to celebrate their anniversary with 1977 being the last year where EMLL held multiple anniversary shows, which is considered the biggest show of the year, CMLL's equivalent of WWE's WrestleMania or their Super Bowl event. CMLL has held their Anniversary show at Arena México in Mexico City, Mexico since 1956, the year the building was completed, over time Arena México earned the nickname "The Cathedral of Lucha Libre" due to it hosting most of EMLL/CMLL's major events since the building was completed. Traditionally EMLL/CMLL holds their major events on Friday Nights, replacing their regularly scheduled Super Viernes show.
Storylines
The event featured at least two professional wrestling matches with different wrestlers involved in pre-existing scripted feuds, plots and storylines. Wrestlers were portrayed as either heels or faces as they followed a series of tension-building events, which culminated in a wrestling match or series of matches. Due to the nature of keeping mainly paper records of wrestling at the time no documentation has been found for some of the matches of the show.
Event
The main event of the second 44th Anniversary show was a direct result of the main event of the first 44th Anniversary Show, where El Cobarde had turned on his longtime friend Fishman to ensure he did not have to unmask. On the second anniversary show Fishman and El Cobarde faced off in a best two-out-of-three falls Lucha de Apuesta mask vs. mask match, the most prestigious match in Lucha Libre. Fishman managed to get revenge for the betrayal of El Cobarde, pinning him to win his second major mask in a week. El Cobarde was forced to remove his black and white mask and state his birth name, Miguel Ángel Delgado Reyes.