Phoenix Championship Wrestling was an American independent professional wrestling promotion based in Toms River, New Jersey. It was founded by twin brothers Don and Mike Bucci in 2001 and promoted by Don Bucci until its close two years later. The promotion enjoyed a high degree of success during its existence and was home to many independent wrestlers in the Jersey Shore and Mid-Atlantic region later signed to both Total Non-Stop Action and World Wrestling Entertainment.

Stars from both promotions made appearances for PCW such as TNA's Alexis Laree, Frankie Kazarian, Amazing Red and The S.A.T. (Jose and Joel Maximo). The Wall and the Harris Brothers were also signed to TNA while competing for the promotion. From the World Wrestling Federation included former and then current superstars such as Jimmy Snuka, Gillberg, Gangrel, Eddie Guerrero and Three Minute Warning (Rosey and Jamal). A number of WWE developmental wrestlers from Ohio Valley Wrestling spent time in the promotion including Kara Drew, Charlie Haas, Mike Kruel, Tank Toland and The Basham Brothers (Doug and Danny Basham).

Mike Bucci, a mainstay of Extreme Championship Wrestling, was also able to bring in many of its stars prior to and following the promotion's close in 2001. Among these included Prodigy, Chris Chetti, Little Guido, Jerry Lynn, Crowbar, Steve Corino, Julio Dinero, Chris Hamrick, Tommy Dreamer, Raven, Joey Matthews & Christian York and the "heel" stable Triple Threat ("Franchise" Shane Douglas, Chris Candido and Bam Bam Bigelow). Both Bucci and Prodigy would win titles in the promotion, Prodigy being the first PCW Television Champion.

Despite the fierce competitive environment among independent Mid-Atlantic promotions, the smaller PCW had working relationships with several of its rivals allowing appearances by Nicky Benz and Ric Blade from Combat Zone Wrestling, and Michael Shane, "Fallen Angel" Christopher Daniels and Samoa Joe from Ring of Honor. PCW also featured many established independent wrestlers, not only in the Jersey Shore and Mid-Atlantic region, but from throughout the United States and Canada. The mix of wrestlers would occasionally result in unofficial interpromotional matches that would not normally be seen in mainstream companies. The promotion also had a weekly Public-access television cable TV series, Fire Bird TV, and many of its supercards and televised events were later released on VHS/DVD by Smart Mark Video and RF Video.

In 2001, Phoenix Championship Wrestling was established in Toms River, New Jersey by wrestling manager Don Bucci and his twin brother Mike Bucci, then wrestling for Extreme Championship Wrestling as Super Nova. Don Bucci, a 10-year veteran who had managed a number of wrestlers in the National Wrestling Alliance during the 1990s, was the primary promoter for PCW and ran the day-to-day operations up until its close. He had originally decided to form PCW, according to a later interview, after "watching all the other bad indies out there, especially in this area. I was tired of seeing the people get ripped off." He was especially supportive of allowing more creative control by wrestlers, providing fair pay and a safe working environment. Bucci claimed to have gotten the idea for the "Phoenix" name while driving behind a Firebird and noticed the car's emblem.

Having had previous experience as a booker and promoter in the New York-New Jersey area for the National Wrestling Alliance and the World Wide Wrestling Alliance, as well running occasional shows under Big Buc Productions in the Toms River area since 1999, Don Bucci was able to bring in independent stars he had previously worked with including Harley Lewis, The Wall, Donnie Bon Jovi, Slayer, Father Ozzy, Matt Vandal, Mike Preston and Prodigy. Though his brother Mike, Frankie Kazarian, Christopher Daniels and Samoa Joe also agreed to appearances for the promotion. Kazarain, who would have a successful stint in the promotion, later said in a November 2002 interview that PCW was one of his favorite places to work and "definitely one of the best Indy feds in the country."

The promotion's heavyweight title was introduced at its first card in Stanhope, New Jersey on March 3, 2001, and won by Harley Lewis in a singles match against Dr. Hurtz. This would be one of Hurtz's final wrestling matches before retiring several months later but would remain with PCW as a manager and later became the promotion's commissioner. Also at that event, The Backseat Boyz (Trent Acid and Johnny Kashmere) were crowned the first tag team champions after defeating Combat Zone Wrestling's Ric Blade and Nicky Benz. They would eventually lose the titles to Evolution (Nova and Frankie Kazarian) in a 3-Way Dance with Joey Matthews & Christian York in Monroeville, Pennsylvania four months later. On August 9, the promotion held the "Battle of the Bay" supercard in Lavalette, New Jersey with The Wall in the main event. The following month, The Wall also joined Crowbar and Tommy Dreamer for an event at Toms River High School East on September 28, 2001.

The promotion soon began a weekly Public-access television series on Comcast Cable-affiliate Channel 21, Fire Bird TV, which aired in Toms River as well as the Seaside Heights, Seaside Park, Beachwood, and Bayville areas. Around this time, both Extreme Championship Wrestling and World Championship Wrestling had folded and a large number of its former stars were forced to work on the independent circuit. Bucci believed that with the abundance of talent and high quality television production of Fire Bird TV would help gain an edge over his other competitors. This formula, Bucci later claimed, was "borrowed" by other independent promotions. Eddy Guerrero, Jerry Lynn, Gangrel and Bam Bam Bigelow were among the first big stars to work for the company.