There will be questions surrounding TNA’s future until they can get on stable ground with new ownership and funding. If Billy Corgan ends up buying the entire company then perhaps the company can start working on fixing some of their problems. One of their issues is getting revenue in from advertisers.
As noted before, it’s believed that Corgan, Dixie Carter and Aroluxe all have shares in the company. Corgan and Aroluxe are in because they helped fund some of their recent TV tapings. Without the funding then it could have been the end for TNA.
It was expected that Aroluxe would raise enough money by the end of August so that they could buy the company but that did not happen so Corgan is working on putting a deal together. During a Facebook live chat, Corgan said that he is not working with investors and he is putting all of his own money in his bid for TNA.
If Corgan ends up buying TNA then it looks like John Gaburick will be safe because he is apparently on Corgan’s good side. Carter is said to want at least $4 million for her stock and the feeling is that a deal needs to be made because TNA needs to run more tapings on the week of 10/2. If you’ve ever wondered what it costs to run a set of tapings, try somewhere between $600,000 and $800,000. Someone will need to fund those tapings so hopefully, for TNA’s sake, some sort of deal gets done.
News from The Wrestling Observer website was used in this post. For more on this story please visit WrestlingObserver.com. Dave Meltzer and Bryan Alvarez’ WrestlingObserver.com is the leading source for professional wrestling news. Click here for subscription information. Members get exclusive access to insider news from Dave Meltzer and Bryan Alvarez, daily audio shows, breaking news audio, the Wrestling Observer newsletter, newsletter archives, thousands of hours of archived radio shows, and much more.
