This Isn't Awesome: Is This The End For TNA?

Image Source: PW Mania

Written By: Mark Armstrong

If you're a wrestling fan, you're probably aware that TNA Wrestling is currently in a state of flux. With the money having basically run out, a sale of the company must go through by tomorrow, or its Bound For Glory PPV event and its subsequent Impact tapings will not be held. Such a move would not only be embarrassing and calamitious (BFG was once TNA's version of WrestleMania, remember), but it would give PPV providers and television stations (like Pop in the US) a (completely understandable) reason to no longer broadcast TNA PPV events or the Impact television show. Hence, the company essentially ends if these events do not take place.

So, why doesn't TNA just sell up, then? Well, Billy Corgan - who was named TNA's new President not so long ago, but is not the majority owner; that remains Dixie Carter - is in negotiations to outright buy the company, and he is confident that a deal can and will be reached before tomorrow's deadline. But a combination of inflating the company's value, the debt amounted by the organisation and the willingness to listen to other offers has meant that a Corgan purchase of TNA is yet to go through. If Corgan buys the company and provides the money (said to be in the region of $600,000) required for its upcoming shows to take place, then the brand will live on, likely with Billy giving the organisation a complete overhaul (including the TNA name).

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