WWE buying TNA?

[bouyank557]

I just saw a report on pwinsider that Dixie Carter has been talking to WWE about selling TNA. I'm not sure how good pwinsider is or how legit this report is but it is I intriguing.

[bouyank557]

And awesome I misspelled buy.

[The Overgiver]

There have been enough reports over the last couple weeks that it seems to be legit.

TNA, with financial backing from Mellon Collie and the Infinite Sadness sales, will be stubborn and won't go down without a fight.
However, they just don't have the revenue streams to stay afloat much longer.
The main investors will want to get a little return back from their money put it, and will ultimately sell.

Perhaps they'll settle for $2.6M, at least beating WCW in that respect.

TNA Invasion 2017, led by Mick Foley and Sting to take down the Authority.
It writes itself.

[kalgoroth]

Sept 27, 2016 13:29:50 GMT -5 The Overgiver said:

There have been enough reports over the last couple weeks that it seems to be legit.

TNA, with financial backing from Mellon Collie and the Infinite Sadness sales, will be stubborn and won't go down without a fight.
However, they just don't have the revenue streams to stay afloat much longer.
The main investors will want to get a little return back from their money put it, and will ultimately sell.

Perhaps they'll settle for $2.6M, at least beating WCW in that respect.

TNA Invasion 2017, led by Mick Foley and Sting to take down the Authority.
It writes itself.

Aries, Roode, Young and Joe to be finally called up for a Survivor Series 'winner takes all' match only to be slaughtered by Crews, Dallas, Fandango and Breeze...

[TWF Dave]

TNA = tape library and some decent wrestlers under contract. At a time when WWE is continuously expanding it's content library AND it's roster with the brand split, buying TNA makes a massive amount of sense.

The real question is; would anybody actually miss TNA if it were absorbed into WWE? The brand is tarnished to a degree that they'll never actually be a big player and the majority of wrestling fans that have at some point had an interest in TNA have been burned by them too often to care. Add to that the fact that it's incredibly easy to get access to excellent pro wrestling any time you want thanks to the interwebs and TNA really don't have a place in the thoughts of ( I would imagine) most wrestling fans.

WWE will buy them, put the library on the network, take a few of their performers onboard for NXT and shove the Hardys straight back on Raw.

[thelaw]

-Time is of the essence as TNA is out of money (again) and needs to fund Bound for Glory and TV tapings next week. Last day to make a deal is probably this Friday. Without those shows being put on, the company would be in breach of contract and then likely have no outlets in the future to air their progamming.

-Whoever buys TNA has to assume their outstanding debts as well. At minimum, that means repaying Billy Corgan and Aroluxe who helped fund their last few sets of tapings.

-Meltzer says if WWE buys TNA, the ONLY asset they are interested in is the tape library. The other day, he estimated the amount WWE would offer is only in the $700,000 range.

-He also says the rumored asking price of TNA is exaggerated. TNA's debt that the buyer would assume is more than the asking price.

-WWE buying TNA would essentially mean that TNA would cease as an active promotion.

-Billy Corgan wants to buy TNA, rebrand the company, and have it continue as a promotion. However, Corgan said the deal is complicated which makes it sound like he cannot get it done by Friday.

-Aroluxe had a chance to buy TNA earlier this month but could not get the deal done.

-Meltzer says somebody else (not known to the public) was interested in maybe buying TNA, but completing a deal in only a few days is impossible.

[kalgoroth]

Never mind 'The boy who cried Dolph', how many times have we heard that TNA is in dire straits , that this is the final nail in the coffin etc? I for one won't be calling Dixieland's demise until an actual announcement is made.

But this does seem to be a very perilous situation, though very much brought on themselves. It beggars belief that any promotion post-2001 would make the same mistakes that WCW made, yet TNA did them almost to the letter.

Agree with Corgan that even it is brought back from the brink this Friday a rebrand is the only way to take the company forward at this point, along with a whole retooling of format and philosophy. But it's a damned-if-you-do situation, as to try to build a promotion with no brand recognition up from scratch these days to even a Ring Of Honor level would take some doing. Just look at Double J's struggles to get GFW out of the baseball stadiums and onto TV.

Unlike in 2001, it's probably best in this case if WWE do swoop in and take the tape library and exceptional talent. It'll likely actually turn out to be the best way to preserve the legacy of TNA in the long-run. Not to mention the boost to the careers of your Aries, Joes and Roodes to have their past matches on the network, especially if/when introduced on the main roster.

[Christian Small]

Outside of a tape library what does WWE get out of buying TNA? They have a decent roster but I'm guessing if they really wanted any of them they could easily get them. The main guys choosing TNA over WWE are ex-WWE guys who are much older and prefer the littler schedule. TNA has dropped so much and means so little really, I don't ever see it going back to being seen as any kind of competition to WWE.

[rinaldo]

I can see a weekly Network segment titled "The Best of TNA" hosted by Trish Stratus. Just to make the smarks laugh.

[john casey]

I just can't believe that this issue has not been sorted out already. They always leave it to the last possible to get funding for these tapings. The only reason I can think is that any potential buyer is trying to buy it for the cheapest amount possible.

If TNA goes under, it may lead Challenge TV to get ROH and/or Lucha Underground to replace it

[deezy]

Nobody prefers working for a few tv shots for little money in TNA, they make more off the Indies.....well the good ones that actually pay.

Corgan would be better off waiting for TNA to die and poach the roster for his own promotion......provided he secures a tv deal.

Or he can do what I've been saying TNA should've done years ago....go to netflix or crackle, or crave or any streaming platform and work in seasons.

8-12 shows and a blow-off ppv every 6 months.

[gerardgerard]

Not to lean too hard into the point, but at the end of all creation, where the vastness of existence folds in on itself, where time and space give way to darkness, there will stand Keith Richards, who's refusing to go to an Impact taping.

[rinaldo]

... but cockroaches will.

[thelaw]

-According to the lastest Observer, Dave Meltzer says the WWE is out as a potential buyer right as of now.

-Dixie Carter wants what is best for her money-wise and wants to see the promotion continue. Selling to WWE would a last resort.

-Situation seems to be constantly changing as within the last couple weeks,people thought both Billy Corgan and Aroluxe were going to be the new owners.

-Feeling around the company is that a sale should have been completed already, but BS + Dixie Carter being clueless is why the company is in this situation.

-About $600,000 (by Friday) is going to be needed for the upcoming shows.

-Fite TV might already have part ownership in TNA.

-TNA's TV deal with Pop gives them almost no money. Their deal in India probably gives them their highest revenue stream.

[rinaldo]

This is the same situation ECW was back in 2001. Only thing is no one gives a fuck about TNA and Paul Heyman didn't give a fuck about ECW anymore back then.