WWE rumored to have made a bid to purchase or be the new owner of TNA.
Quote:
WWE and Sinclair Broadcast Group, owner of the Ring of Honor wrestling organization, are rumored to have made recent bids.
A complicated ownership structure also poses challenges in getting every stakeholder on the same page. In addition to majority owner and Chairwoman Dixie Carter, Corgan, Aroluxe Marketing and Canada’s Fight Network all have equity stakes.
Meanwhile, the Nashville, Tenn.-based company is so financially strapped that investor and working-capital provider Aroluxe has reportedly taken over its “TNA” (Total Nonstop Action) trademark.
Corgan says the relevant parties have agreed on a sale price. Although he can’t reveal the figure, an estimate based on publicly traded WWE’s market value of two times revenue would put it at around $40 million.
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According to the Observer, the real value of TNA is more like $4 million and not $40 million. For some reference, WWE bought WCW for a little over $2 million and ECW for around a million.
http://nypost.com/2016/09/16/billy-c...tna-wrestling/
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