Kemo
09-18-2016, 12:49 AM
TNA Wrestling is for sale and the company is fielding offers from some familiar competitors. According to the New York Post, both WWE and Sinclair Broadcast Group (Ring of Honor’s parent company) are rumored to have made recent offers to buy TNA.
Over the past year or so, WWE has acquired the talent that defined TNA over the past decade, including AJ Styles, Samoa Joe, Bobby Roode and Eric Young. The real value for WWE would be acquiring TNA’s tape library to enhance the WWE Network archives. How much would that cost? The Post speculates TNA would sell for $40 million, but industry insider Dave Meltzer says that figure is far too high. “Nobody is paying $40 million. Take one zero off.”
In addition to majority owner and Chairwoman Dixie Carter, Billy Corgan, Aroluxe Marketing and Canada’s Fight Network all have equity stakes. This is the first time we’ve seen the Fight Network’s stake in TNA publicly acknowledged.
With TNA’s long standing financial struggles and Billy Corgan taking over Dixie Carter’s role as the leader of Impact Wrestling, Corgan hopes to expedite a sale and get on with the next chapter of TNA’s story. “I would love nothing better than to stand up in front of everyone and give a clear picture of where this company is and where it’s going,” he said.
Over the past year or so, WWE has acquired the talent that defined TNA over the past decade, including AJ Styles, Samoa Joe, Bobby Roode and Eric Young. The real value for WWE would be acquiring TNA’s tape library to enhance the WWE Network archives. How much would that cost? The Post speculates TNA would sell for $40 million, but industry insider Dave Meltzer says that figure is far too high. “Nobody is paying $40 million. Take one zero off.”
In addition to majority owner and Chairwoman Dixie Carter, Billy Corgan, Aroluxe Marketing and Canada’s Fight Network all have equity stakes. This is the first time we’ve seen the Fight Network’s stake in TNA publicly acknowledged.
With TNA’s long standing financial struggles and Billy Corgan taking over Dixie Carter’s role as the leader of Impact Wrestling, Corgan hopes to expedite a sale and get on with the next chapter of TNA’s story. “I would love nothing better than to stand up in front of everyone and give a clear picture of where this company is and where it’s going,” he said.