Superkick Party
Atlus / Ryū ga Gotoku
You had a good run TNA
WWE placing bids to buy out TNA?
- Thread starter Boy Wonder
- Start date
411MANIA | Bischoff Calls TNA Sale Rumors “Sheer Chaos,” Says It’s Not Like WWE Buying WCW
Eric Bischoff weighed in on the rumors about TNA’s potential sale and more in his latest Bischoff on Wrestling podcast. You can check out the audio and some highlights below:
On what comes to his mind when he hears the rumors: “Chaos. Sheer chaos. I have been reading it like everyone else. I don’t have any inside information. I have to give my disclaimer here: I am currently involved in on-going litigation with TNA. I have to be a little bit judicious and careful about what I say. Anything that I am commenting on are things that are in the public domain, so to speak. The other day I read that somebody put a valuation on TNA of approximately $40 million. I have no idea where that number came from. Valuations when you’re selling a company or trying to get investors or an investor company. One of the hardest things to determine is valuation. Back when I was running WCW, when I was first given the responsibility to oversea WCW, it was a company that was grossing $24 million a year. Unfortunately it was losing $10 million in the process. Earlier this week someone said, “Well, the valuation of TNA is probably two times revenue.” Well, that valuation works if you’re profitable but if you’re losing like WCW was, $10 or $14 million a year on $24 million a year in revenue, I guaran-freaking-tee you that company would not have been valued at $40 million.”
On whether he sees any similarities between WWE possibly buying TNA and when WWE bought WCW: “No, they are completely different from what I can see and what I’ve read. You look at the talent roster in TNA and many of them are under non-exclusive agreements. So, there’s no real value in those contractual agreements. There’s some talented people there, don’t get me wrong. This is in no way a derisive comment with regard to the talent. It’s not like acquiring TNA is going to allow you to just walk those agreements right over to a new company because they are non-exclusive. WWE doesn’t work that way. Trust me. I really don’t see any similarities. WCW was a very powerful brand. Even at the time it was acquired by WWE. TNA doesn’t have the luxury in the marketplace that WCW did. I don’t really see any similarities to be honest.”
Eric Bischoff weighed in on the rumors about TNA’s potential sale and more in his latest Bischoff on Wrestling podcast. You can check out the audio and some highlights below:
On what comes to his mind when he hears the rumors: “Chaos. Sheer chaos. I have been reading it like everyone else. I don’t have any inside information. I have to give my disclaimer here: I am currently involved in on-going litigation with TNA. I have to be a little bit judicious and careful about what I say. Anything that I am commenting on are things that are in the public domain, so to speak. The other day I read that somebody put a valuation on TNA of approximately $40 million. I have no idea where that number came from. Valuations when you’re selling a company or trying to get investors or an investor company. One of the hardest things to determine is valuation. Back when I was running WCW, when I was first given the responsibility to oversea WCW, it was a company that was grossing $24 million a year. Unfortunately it was losing $10 million in the process. Earlier this week someone said, “Well, the valuation of TNA is probably two times revenue.” Well, that valuation works if you’re profitable but if you’re losing like WCW was, $10 or $14 million a year on $24 million a year in revenue, I guaran-freaking-tee you that company would not have been valued at $40 million.”
On whether he sees any similarities between WWE possibly buying TNA and when WWE bought WCW: “No, they are completely different from what I can see and what I’ve read. You look at the talent roster in TNA and many of them are under non-exclusive agreements. So, there’s no real value in those contractual agreements. There’s some talented people there, don’t get me wrong. This is in no way a derisive comment with regard to the talent. It’s not like acquiring TNA is going to allow you to just walk those agreements right over to a new company because they are non-exclusive. WWE doesn’t work that way. Trust me. I really don’t see any similarities. WCW was a very powerful brand. Even at the time it was acquired by WWE. TNA doesn’t have the luxury in the marketplace that WCW did. I don’t really see any similarities to be honest.”
Vic Damone. Jr
Don't support the phonies, support the real
Ain't even realize this was serious x100
Thinking it was just like past situations that they can quickly bounce back from but they got 4 days this time around
Thinking it was just like past situations that they can quickly bounce back from but they got 4 days this time around
Lanny Piffo
Pro
Explains Billy squashing the beef with the OG SP members. He's gonna need that reunion tour and album $$$$$$.
Why does he care, he's in cokeboys pocket forever.
The Rainmaker
Mr. Money in the Bank
TNA UPDATES | PWInsider.com
In regard to several rumors that are making their way around tonight, there have been no changes in TNA ownership in any regard as of this evening and there have been no flights or talents canceled from next week's scheduled TV tapings.
Billy Corgan is scheduled to appear on ESPN's Dan Le Batard radio show at 11:30 AM, so it should be interesting to see what update he provides, if any, on the TNA ownership situation
In regard to several rumors that are making their way around tonight, there have been no changes in TNA ownership in any regard as of this evening and there have been no flights or talents canceled from next week's scheduled TV tapings.
Billy Corgan is scheduled to appear on ESPN's Dan Le Batard radio show at 11:30 AM, so it should be interesting to see what update he provides, if any, on the TNA ownership situation
DoubleJ13
Smooth sailing from here on out...
This is like the strangest "Ain't nothing wrong"
tweet.
I'm confusedHave you even looked at the last few posts?
RammerJammer
#RollTide #TSC #RiseUp #BullsNation #RIPKobe
Ain't even realize this was serious x100
This feels so different then other times TNA has been in trouble. Very intrigued about this weekend.
I guarantee that everything will be fine and business will continue as normal.
But what if it doesn't?
Boy Wonder
Ain't kissing ass for no rep
Cokeboy gonna Cokeboy 
Is offering pennies for TNA and says Dixie and Corgan can't start another wrestling company
The fukkery if that actually happens though
Is offering pennies for TNA and says Dixie and Corgan can't start another wrestling company
The fukkery if that actually happens though
prophecypro
Hollywood North
pettyWWE are the number 1 company in the entire fukkin world by far but still throwing in non-compete clauses