|
 Even
with the influx of Billy Corgan’s money the future of TNA is in doubt. Corgan
wants to become the majority owner of TNA parent company Impact Ventures but the
deal isn’t done yet and their Bound For Glory PPV could be the end of the road.
The problem with TNA is the complicated ownership structure of the company.
Majority owner/Chairwoman Dixie Carter owns 70 percent of the company while
Corgan, Aroluxe Marketing and Canada’s Fight Network have equity stakes in TNA.
The New York Post has reported that reports that TNA is so financially screwed
that working-capital provider and investor Aroluxe has taken over their TNA
trademark. Corgan says a sales price has been named and the Post has estimated
that the asking price could be $40 million. The deal has to happen soon because
Carter supposedly doesn’t have the money to fund the TV tapings that will follow
the PPV. The shows are written, talent has been booked on flights but rumors
have some of the flights have been cancelled already. Carter needs $600,000 to
pay for the shows and all the blame for the financial issues are being placed on
her. A lot of names about possible saviors other than Corgan have been named but
the top candidate to take over TNA is WWE who would buy the company for their
tape library. The deal would give WWE matches involving Sting, Austin Aries,
Bobby Roode, Eric Young, Samoa Joe, and AJ Styles. Some wrestlers would become
part of the WWE roster but that would be about it since there is no plan to keep
TNA active going forward. Carter for her part has been claiming all is well even
though it isn’t. |
