Tag - TNA sale

What will a potential TNA sale to WWE mean?

TNA

A potential TNA sale to WWE would send shockwaves again, maybe not as much as when WWE bought WCW back in 2001, but regardless, it would be major news for the industry. TNA’s biggest asset is certainly their video library, with over 10 years worth of footage. With the WWE Network running at full speed, adding a few thousand of more hours to the...

TNA on the brink of collapsing

Dixie Carter

This week could be a very interesting one for TNA and the world of professional wrestling as there are strong rumors that TNA is on the brink with the clock ticking down and fast. Carter’s majority ownership could be well over before Bound For Glory occurs this weekend and if it doesn’t, there could be some serious problems going forward...

NY Post values TNA “at around $40 million!”

TNA

A story by the New York Post yesterday valued TNA “at around $40 million,” a figure which couldn’t be more farther than the truth. The story revolves around Smashing Pumpkins front man and current TNA President making his bid to buy 100% of the company, although Corgan did not want to reveal the price tag put on TNA. Corgan told the NY Post...

Billy Corgan reveals he’s trying to get 100% ownership of TNA

Billy Corgan

During a Facebook Live broadcast yesterday, new TNA President Billy Corgan announced that he is currently in negotiations to purchase TNA Wrestling from the other stakeholders which include Dixie Carter and Aroluxe Productions. Noting that the process is a bit complicated, he hoped that soon he will be able to run the company completely, both when...

TNA barely survives the weekend due to lack of money

TNA

In a post first revealed by PWInsider.com, TNA Chief Financial Officer Dean Broadhead wrote on his personal Facebook page that TNA nearly went dark this weekend as the company had zero money to pay for the production trucks for Slammiversary or the tapings this week. Broadhead wrote that in a 12 hour window he had to make over 80 phone calls to...

Billy Corgan buying minority stake in TNA Wrestling

Billy Corgan

PWInsider.com is reporting – citing multiple sources – that Billy Corgan is in the final stages of purchasing a minority stake in TNA Wrestling. The 49 year old frontman of The Smashing Pumpkins currently holds the position of Senior Producer of Creative and Talent Development for TNA, a position he held since joining the company in...

More info on the potential TNA takeover by Aroluxe

Dixie Carter

In addition to Wrestling Observer’s report earlier today regarding the sale of TNA, PWInsider.com added more details to the story, a story which might spell the end of Dixie Carter’s reign in TNA. The agreement between TNA and the Tennessee-based company Aroluxe started in January of this year with Aroluxe pumping in the money for TNA...

Tennessee company rumored to purchase big stake in TNA

TNA

The rumors floating around are that TNA Wrestling is just about to sell a stake to Aroluxe, a web development, advertising agency, and marketing consultants company based out of Brentwood, Tennessee. Two of the executives of Aroluxe are Ron and Don Harris, the former WWE, WCW, and TNA tag team. The unclear question is if this sale will be a...

Internal memo sent to address TNA sale rumors

TNA

PWInsider.com is reporting that Janice Carter, Dixie Carter’s mother and one of the bosses and owners at TNA’s parent company Panda Energy, has issued an internal memo to address the rumors of TNA being for sale. The memo states that any rumors of Panda Energy attempting to offload their stake in the company are completely false and that they...