WWE placing bids to buy out TNA?

[David_TheMan]

One way I could see this happening if Corgan transfers all TNA contracts to a brand new promotion he launches that's free of the TNA stench. WWE would have the library up to a certain date and nothing to do with Corgan's future promotion.

Dixie is already cutting times with the TNA name.

If this is true and Dixie has been completely separated from the company I'll hop back on board.

Dixie still the majority owner when BDC took over and now during the reign of Lashley

 

[Lord Scion]

Cokeboy has the library?

Kurt Angle back



........ on the Network

 

[AKM-95]

One way I could see this happening if Corgan transfers all TNA contracts to a brand new promotion he launches that's free of the TNA stench. WWE would have the library up to a certain date and nothing to do with Corgan's future promotion.

This what I what thinking probably the last TNA show will be Friday and there going to rebrand and WWE will own TNAs libaray from the Weekly PPV era up until the end of the spike or destination America era

And for those saying it's not a traditional Vince move I can see HHH talking Vince out of buying it outright especially since most of the talent is WWE retreads and guys who will be free in a year or sooner.

 

[Here Comes the Pain]

Dixie still the majority owner when BDC took over and now during the reign of Lashley

She was also the owner when Austin Aries, Christopher Daniels, kaz, Joe, and roode all left within a 2-3 year span.

 

[XII]

TNA's tape library contains countless classics and some fond childhood memories

I don't need Vince and HHH fukking this up out of spite

 

[David_TheMan]

She was also the owner when Austin Aries, Christopher Daniels, kaz, Samoa, and roode all left within a 2-3 year span.

Only two I miss are Daniels and Kaz.
Time for Aries, Roode, and Samoa to move out of the territory

 

[Bob Loblaw]

TNA's tape library contains countless classics and some fond childhood memories

I don't need Vince and HHH fukking this up out of spite

They'll put them up on the network

 

[Boy Wonder]

411MANIA | Latest on TNA Sale: Flights and Matches Canceled For Impact Taping, Talent Nervous

 

[DoubleJ13]

I don't know how good a position TNA (or whatever Corgan changes the name to) is really even going to be in a year from now if he buys it. They don't make money & he's already starting at a loss assuming their debt. Whole thing points to Corgan just starting a new company with a lot of the same roster being his best option if he wants to be in the business that badly.

 

[mrken12]

411MANIA | Latest on TNA Sale: Flights and Matches Canceled For Impact Taping, Talent Nervous

UPDATE: Wrestling Inc reports that according to a “veteran TNA talent,” everyone in TNA is nervous about the company’s impending sale. The situation is described as a “new level of concern” above and beyond the usual uncertainty about the company’s status.

Several wrestlers who were booked for next week’s Impact tapings have had their flights and matches canceled, with the aforementioned sorce saying he wasn’t even sure if he would be on the Bound For Glory card because the company was trying to save as much money as possible.

ORIGINAL: WZ is reporting new details on TNA’s potential sale, which is obviously the big story of the past several days. According to the site, Billy Corgan has a net worth of $40 million, but as Corgan told Busted Open Radio he is bidding on his own and has no investors.

While the potential sale price of the company is not known, the site says that TNA has had enough financial trouble that Corgan becoming the new owner would not solve all of those problems. At the last Impact taping, checks that were long past due were being signed, validated and distributed as TV was going on.

There aren’t any further details at this time regarding what the chances of WWE have at buying the company although as has been reported, they have been involved in bidding.

Just wanted to post the article.

 

[Green Ranger]

So Corgan has 40 mill is that enough of money to run a company that hardly makes any ad money and doesn't do houseshow. How long can he afford to come out his own pocket before he is in the same situation like Dixie and has to sale

 

[mrken12]

So Corgan has 40 mill is that enough of money to run a company that hardly makes any ad money and doesn't do houseshow. How long can he afford to come out his own pocket before he is in the same situation like Dixie and has to sale

He has to deal with the debt too.

 

[The Rainmaker]

 

[Green Ranger]

He has to deal with the debt too.

Man I don't want to see guys/girl lose there jobs but Corgan is going to be dumping his own money into a money pit just flushing it down the toilet and with all the issues the company has It's just not worth the risk. Do we no how much debt he has to paid off.

 

[mrken12]

I'm glad that he's showing some compassion for many people possibly losing their jobs.