WWE announced the following last night following Smackdown:

Kevin Owens hasn’t been able to escape the ire of Shane McMahon  during his SmackDown tenure, and it’s continuously put his WWE career in jeopardy.

As a last resort, Owens threatened Shane-O-Mac with a massive lawsuit and set out to hit him where it hurts most: the wallet. Presented with the possibility of an ongoing court battle, KO offered McMahon an alternative settlement for their dispute.

The rivals agreed to put their careers on the line in a Ladder Match on the FOX Friday Night SmackDown premiere with the loser fired from WWE. 

Will Owens get the chance to hand “The Best in the World” his walking papers, or will McMahon get rid of his most insubordinate employee once and for all?

Tune in to the Friday Night SmackDown premiere on Oct. 4 on FOX at 8/7 C.

The stakes could NOT be higher when @FightOwensFight meets @shanemcmahon in a #LadderMatch one week from Friday when #SmackDown premieres LIVE on @FOXTV! https://t.co/WExprEHq6Q

— WWE (@WWE) September 25, 2019