Billy Corgan spoke with the New York Post about his goal of buying TNA and said he would like to make it happen before the October 2 Bound For Glory. “I would love nothing better than to stand up in front of everyone and give a clear picture of where this company is and where it’s going,” Corgan said.
Current ownership includes Corgan, majority owner Dixie Carter, Aroluxe Marketing, and Canada’s Fight Network. The story also states that WWE and Sinclair Broadcast Group are rumored to have made bids. Read more at NYPost.com.
Powell’s POV: I was told that WWE and TNA officials met in early 2016, and that WWE is interested in the tape library, as discussed in Thursday’s Dot Net Weekly audio show. Corgan also told the Post that the relevant parties have agreed to a sale price. He did not list the price, but one has to think that TNA’s biggest asset is the tape library. Corgan is clearly very passionate about pro wrestling and the company. At this point, he seems to be the only potential owner who wants to continue producing original content, whereas others seem to be interested in the tape library more than anything.