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TNA’s financial problems remain despite last minute save

TNA’s tumultuous week wraps up tonight with the Bound For Glory pay-per-view, a pay-per-view which came very, very close of not happening due to lack of funds.

A mystery third-party investor injected enough money in TNA’s accounts to keep Bound For Glory alive along with a week-long of television tapings in Orlando that will take the company towards the end of 2016.

The bad situation that TNA finds itself in however is far from over. While there’s enough money to cover tonight and next week, TNA must either find a long-term investor or go for a full sale if it wants to stay alive. Staying alive means the sale cannot be done to WWE as WWE would kill off the company faster than they did to WCW.

A meeting is being held today at Universal between TNA management and probably talent as well to discuss the future of the company. Billy Corgan, TNA President, was open all week about the bad situation TNA is in and made it no secret that he wants full control of the company before he invests more of his own money.

The New York Post reported yesterday that Dixie Carter will resume talks with both Corgan and WWE about the sale next week after Bound For Glory is over.

Colin Vassallo
Colin Vassallohttps://www.wrestling-online.com
Colin Vassallo has been editor of Wrestling-Online since 1996. He is born and raised in Malta, follows professional wrestling and MMA, loves to travel, and is a big Apple fan!

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