Author Topic: TNA purchase thread at this moment. (Read 2828 times)

SupTool · « **on:** October 05, 2016, 05:11:04 PM »

Justin LaBar tweeted that the WWE is buying the TNA tape library and Billy Corgan will be the new majority owner and will be head of whatever the new name of the company going forward.

Others have denied the sale at this moment. Key words: At this moment. But it's a high possibility it could happen.

That is all that is known.....at this moment...

Zandrax · « **Reply #1 on:** October 05, 2016, 07:02:40 PM »

I haven't seen this on any of the "big three" sites (Meltzer, Keller, or PWInsider), but Labar does have connections. Plus Jim Ross has mentioned the possibility, and he wouldn't do so if there was no merit to it.

KoppoKick · « **Reply #2 on:** October 05, 2016, 10:21:30 PM »

I would love to see some Amazing Red on the Network.

dasheight · « **Reply #3 on:** October 05, 2016, 10:47:24 PM »

It's really the ultimate 'everybody wins' situation if this comes to fruition. WWE gets the video library of TNA, so they can put out complete DVD sets for AJ Styles, Sting, Ric Flair, Bobby Roode, Samoa Joe and others. (Not to mention the TNA library on the Network.) Billy Corgan gets to keep the talent, arena and TV contract under a new banner, and Dixie gets two paydays.

At least Corgan wants to try and make everything work for his talent, and scrubbing that ridiculous name (how did the acronym 'TNA' actually last for 14 years, I ask you), unlike Dixie, who wanted to rub elbows with the wrestlers and throw daddy's money around. In fact, the absolute best thing about this could be that we'll never have to associate Dixie Carter with pro wrestling again, unless she pulls a Vince Russo and tries to interject herself into a small independent promotion.

If I were Corgan, I'd want an assurance that PopTV would keep the show at least until mid-2017. Without a viable TV deal, this is just WCW 2.0.

Zandrax · « **Reply #4 on:** October 06, 2016, 01:42:32 PM »

Quote from: dasheight on October 05, 2016, 10:47:24 PM

It's really the ultimate 'everybody wins' situation if this comes to fruition. WWE gets the video library of TNA, so they can put out complete DVD sets for AJ Styles, Sting, Ric Flair, Bobby Roode, Samoa Joe and others. (Not to mention the TNA library on the Network.) Billy Corgan gets to keep the talent, arena and TV contract under a new banner, and Dixie gets two paydays.

At least Corgan wants to try and make everything work for his talent, and scrubbing that ridiculous name (how did the acronym 'TNA' actually last for 14 years, I ask you), unlike Dixie, who wanted to rub elbows with the wrestlers and throw daddy's money around. In fact, the absolute best thing about this could be that we'll never have to associate Dixie Carter with pro wrestling again, unless she pulls a Vince Russo and tries to interject herself into a small independent promotion.

If I were Corgan, I'd want an assurance that PopTV would keep the show at least until mid-2017. Without a viable TV deal, this is just WCW 2.0.

Agreed on all counts. Plus, if he is indeed rebranding the company, the old footage doesn't mean as much anyway. New company name would tend to mean new titles and new lineage.

This part is speculation, but with Corgan's connections, it's possible we might be getting more "real bands" doing theme music.

dam skippy · « **Reply #5 on:** October 06, 2016, 02:53:05 PM »

I think Corgan is a few tricks away from the average Joe buying a company but he has learned the business a little. I'm sure he has made some mainstream entertainment connections as well that may benefit the company.

Zandrax · « **Reply #6 on:** October 06, 2016, 05:28:54 PM »

Quote from: dam skippy on October 06, 2016, 02:53:05 PM

I think Corgan is a few tricks away from the average Joe buying a company but he has learned the business a little. I'm sure he has made some mainstream entertainment connections as well that may benefit the company.

Corgan does seem like the type of guy that would've been successful even outside of the entertainment industry.

FreebirdSTF · « **Reply #7 on:** October 07, 2016, 08:48:04 AM »

IF you're doing a complete rebrand I can see how it might make sense to pass on buying a video library you don't need. I assume he'd like to have it, but that it was more expensive than it was worth.

FATSEXY · « **Reply #8 on:** October 08, 2016, 08:28:29 AM »

If this shit derails Broken Matt Hardy, then fuck wrestling forever. I came back after a midget murder/suicided his entire family, but I'm not coming back if they take away King Maxel.

SupTool · « **Reply #9 on:** October 13, 2016, 06:46:37 PM »

Now from Mike Johnson
-Billy Corgan suing TNA

-Previous production company before Aeroluxe also suing TNA, they're using for payments not received.

Josh Weiner and Seth Zillman will have more on next weeks A1 Podcast!

FATSEXY · « **Reply #10 on:** October 14, 2016, 09:17:31 AM »

Wow. TNA is flat broke.

dasheight · « **Reply #11 on:** October 14, 2016, 10:05:01 AM »

Word is that Corgan and Dixie aren't even talking to each other at this point, and that's why he wasn't at Dixie's all-hands meeting.

I imagine that meeting going something like...

"Remain calm... All is well!"

SupTool · « **Reply #12 on:** October 14, 2016, 05:32:26 PM »

Not only all that but now the state of Tennessee has filed a tax lien on TNA as well.

If they haven't hit rock bottom yet, they're damn close to it

FreebirdSTF · « **Reply #13 on:** October 14, 2016, 10:40:21 PM »

What a bunch of absolute nonsense. Just die already.

dam skippy · « **Reply #14 on:** October 15, 2016, 09:25:04 AM »

I think Vince may wait to pick it up for cheap at the bankruptcy fire sale.

dasheight · « **Reply #15 on:** October 15, 2016, 10:52:24 AM »

Quote from: SupTool on October 14, 2016, 05:32:26 PM

Not only all that but now the state of Tennessee has filed a tax lien on TNA as well.

Well, they haven't filed the lien yet, but they're dunning them for back taxes, and if they don't pay, they can enforce the lien and shut the place down.
(EDIT: Welp, I was wrong. The lien was actually filed back in September. But, again, if it goes unpaid, Tennessee can shut Impact Wrestling's offices with no warning.)

And they had to scrub the entrance music for DJ Z and Mike Bennett on Thursday, because the composer of their themes is also suing them.

All these lawsuits are going to scare away potential suitors because, even at a fire sale price, they'd have to assume all of Dixie's debt, which could actually be more than what TNA is worth at this point. Dixie should have taken Vince's money before Bound For Glory when she had the chance...

FATSEXY · « **Reply #16 on:** October 27, 2016, 08:25:25 AM »

Quote from: dam skippy on October 15, 2016, 09:25:04 AM

I think Vince may wait to pick it up for cheap at the bankruptcy fire sale.

I don't see why he would desire the company at all. The brand is worthless.

FreebirdSTF · « **Reply #17 on:** October 27, 2016, 08:28:00 AM »

An honest to God reporter is covering this trial/hearing/whatever.

http://www.tennessean.com/story/money/2016/10/26/corgan-makes-case-take-over-tna/92720672/

FreebirdSTF · « **Reply #18 on:** October 27, 2016, 08:28:57 AM »

The brand isn't worthless to Vince when he's got TNA talents on his roster that he'd be able to market better with the name. The tape library would have value to him for the same reason.

FATSEXY · « **Reply #19 on:** October 27, 2016, 02:53:16 PM »

Quote from: FreebirdSTF on October 27, 2016, 08:28:57 AM

The brand isn't worthless to Vince when he's got TNA talents on his roster that he'd be able to market better with the name. The tape library would have value to him for the same reason.

He could buy the tapes independent of the brand. Or not use the tapes at all. Who does he need them for? AJ? Show his New Japan stuff instead.

Zandrax · « **Reply #20 on:** October 27, 2016, 05:06:50 PM »

We are starting a new segment on the A1 podcast called The TNA Dumpster Fire Watch

FreebirdSTF · « **Reply #21 on:** October 28, 2016, 07:26:13 AM »

Quote from: FATSEXY on October 27, 2016, 02:53:16 PM

He could buy the tapes independent of the brand. Or not use the tapes at all. Who does he need them for? AJ? Show his New Japan stuff instead.

He doesn't have access to the NJPW stuff to put on the Network so far as I know and AJ was in TNA a hell of a lot longer than he was in Japan. You've also got guys like Sting, Booker T, Nash, etc. that worked there that you could use that footage for to round out their careers. Then you've got Roode, Aries, etc. in NXT.

For the right price acquiring TNA is a smart move for Vince.

FreebirdSTF · « **Reply #22 on:** October 28, 2016, 07:27:52 AM »

Also I don't really care if Billy or Vince or someone else ends up with TNA. Honestly, I just want that miserable company out of the hands of the current ownership whether that means it closes up shop or continues on.

SCB · « **Reply #23 on:** October 28, 2016, 10:45:10 AM »

From what I gather, Corgan gave Dixie money to gain some ownership of the company. She made him president and gave him his own office, all in name only. That money went to Dixie Carter personally and they still ran things behind his back.

He also made some kind of deal that if or when the company became worthless, he'd become majority owner. I'd love to own a worthless company.