WWE placing bids to buy out TNA?

[Vice Queen]

Good Lord.

 

[Da King]

WWE are the number 1 company in the entire fukkin world by far but still throwing in non-compete clauses

 

[RammerJammer]

This is the Vince I know I knew something was up with that earlier rumors, Vince wouldn't just buy the library and let Corgan operate the company.

 

[prophecypro]

first time he had a definite answer

Dirty Dave Meltz

 

[Notorious 1 E.Y.E.]

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

this interview is going to be great and won't answer a single question that we have

 

[jackswstd]

I hope you're getting paid for your stannage.

 

[Da King]

I hope you're getting paid for your stannage.

never stanned anything

 

[Alcantara]

 

[jackswstd]

So he'll be getting squashed by Braun on Monday.

 

[DoubleJ13]

Meltzer latest

Carter is the one who is going to make the decision who gets the company and they need someone who has the ability to fund it. WWE was said to be back in the picture early in the week, but at press time, they are back out of the picture. Before there was a feeling WWE was a last ditch thing but the feeling now is Carter is going to make the best deal for her, as a WWE deal would end the company as they would only buy it for the tape library, and probably bring some of the contracted talent into WWE.

There's also the issue of the debt, which is in the millions of dollars, largely to Aroluxe and Corgan but there are other creditors as well. The belief is that WWE wouldn't assume the debt and that the company would then be closed down. John Gaburick, due to his longtime relationship with Kevin Dunn, was the one who brought the WWE into the picture.

Money Mark Corgan is going to lose his best option if WWE decides to really drop out. He's going to lose a fukk ton of money trying to save a zombie company instead of building his own. Somehow eternal fukk up Dixie is going to end up winning at the end.

 

[prophecypro]

Shouldn't most of these folks wait until the company fully runs out, declares bankruptcy and anyone can just pick up the pieces without the debt? Or is the fear its ripe for WWE to pick it up the library and contracts they want after that?

 

[jackswstd]

Of course Dixie is only out for herself This was always nothing more than a hobby for her.

 

[DoubleJ13]

Shouldn't most of these folks wait until the company fully runs out, declares bankruptcy and anyone can just pick up the pieces without the debt? Or is the fear its ripe for WWE to pick it up the library and contracts they want after that?

I guess that's the fear. Although the tapes don't do shyt for TNA really since I don't think they have an on demand service or dvd distribution beyond what they sell from their website. The contracts would be weird anyway for most of the top guys even if WWE straight up bought them. If it hits bankruptcy WWE could get the tapes but Corgan could sign people with the intent of starting a new company since they'd be free I guess.

Corgan should have dipped already & just ate the loss on whatever he's already invested. But he's really looking at buying a company that doesn't make money (& would take years to get to the point it could if it ever does) for more than it's worth & immediately having to drop whatever extra cost to cover this PPV that their contracted to do. And that's before even bringing up whatever debts they owe that he would assume. From a financial standpoint, Corgan is dumb as all hell even trying to put himself in this position.

 

[Brad Piff]

This is the Vince I know I knew something was up with that earlier rumors, Vince wouldn't just buy the library and let Corgan operate the company.

 

[Brad Piff]

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