Thread: LIVE Coverage of Court Case - Dixie Carter vs Billy Corgan for TNA ownership!
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Old 09-29-2016, 08:51 AM   #12
slik
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Latest Regarding Sale Of TNA


Quote:


As previously reported, Sunday’s TNA Bound for Glory event is in jeopardy because the company doesn’t have the funds to broadcast the show.


We noted earlier that WWE is back in the bidding war for the company, which is an indication that the company could be coming to an end. WWE reportedly just wants the video library and has no intentions on keep the company afloat. The company would use the library for WWE Network needs and future DVDs. It’s well known that Billy Corgan is a front runner in purchasing the company, however the company needs funds by Friday to keep afloat, and not months from now when a deal with Corgan would be finalized.


One of the problems with keeping the promotion going has a lot to do with previous debt. It’s being said that TNA owes millions, more then what the company would even sell for. If Corgan ends up getting the company, he plans to restructure it and even re-name the brand. Dixie is free to sell the company whoever she wants to, as she owns 70% of the company. It should be a very interesting week for TNA.

-nodq.com
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