How Much Is TNA Worth And Who Wants It

[The Ultimate Nullifier]

www.wrestlinginc.com/wi/news/2016/0917/617601/wwe-interested-in-buying-tna/

WWE Interested In Buying TNA?, TNA Sale Update, How Much Is TNA Worth?

Source: New York Post

The New York Post has a story about TNA President Billy Corgan and his plans to become the majority owner of Impact Ventures. Corgan said that a sale price has been agreed to and that he hopes to have the sale completed by the TNA Bound For Glory pay-per-view on October 2nd.

"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.
The story noted that one of the hurdles is that Dixie Carter, Corgan, Aroluxe Marketing and Canada's Fight Network all have equity stakes in the company. It also stated that WWE and Sinclair Broadcasting, which owns ROH, are rumored to have made recent bids.

Corgan wouldn't reveal what the sale figure is, but The New York Post estimated it to be at around $40 million by using WWE's market value of two times revenue. Obviously that figure sounds highly questionable at best, and The Wrestling Observer's Dave Meltzer tweeted the following regarding that number:


Dave Meltzer @davemeltzerwon
Nobody is paying $40 million. Take one zero off

…
11:57 PM - 16 Sep 2016
14 14 Retweets 34 34 likes

[The Ultimate Nullifier]

nypost.com/2016/09/16/billy-corgan-in-talks-to-become-majority-owner-of-tna-wrestling/

Billy Corgan in talks to become majority owner of TNA wrestling

Smashing Pumpkins’ Billy Corgan wants to be the new front man for a pro wrestling group.

Corgan is in talks to become the majority owner of cash-strapped Impact Ventures, the producer of pay-per-view TNA and Impact Wrestling, which also appears weekly on the Pop cable and satellite network.

His transition from rock star to wrestling impresario may not be as crazy as everybody thinks.

“There’s a rebel spirit in wrestling that has gone out of rock ‘n’ roll,” he told The Post.

Corgan, whose band has sold more than 30 million albums, joined Impact as a senior producer in May 2015. He upped his commitment last August by investing in the company and becoming its president.

On Oct. 2, the night of Impact’s banner pay-per-view event, “Bound for Glory,” he hopes to take that commitment to the max.

“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,” he said.

While Corgan wants to make the presentation as Impact’s new majority owner, he admits there’s still “a lot of people at the table.”

WWE and Sinclair Broadcast Group, owner of the Ring of Honor wrestling organization, are rumored to have made recent bids.

A complicated ownership structure also poses challenges in getting every stakeholder on the same page. In addition to majority owner and Chairwoman Dixie Carter, Corgan, Aroluxe Marketing and Canada’s Fight Network all have equity stakes.

Meanwhile, the Nashville, Tenn.-based company is so financially strapped that investor and working-capital provider Aroluxe has reportedly taken over its “TNA” (Total Nonstop Action) trademark.

Corgan says the relevant parties have agreed on a sale price. Although he can’t reveal the figure, an estimate based on publicly traded WWE’s market value of two times revenue would put it at around $40 million.

“You ultimately have to rely on your own calculus about what something is worth,” he said.

Ultimate Fighting Championship’s $4 billion sale to entertainment and sports talent agency WME-IMG factored into his math.

“After signing up MLB, the NBA and soccer, who do you call?” he said.

Corgan believes wrestling is under-appreciated in the digital era, particularly in light of its being a driver of traditional TV from the beginning.

“Our providing story lines in people’s lives is overlooked,” he said. “So is the multicultural aspect of wrestling as a perfect sell to advertisers.”

Corgan plans to use his celebrity to change that.

“I can get anyone I want to listen to my vision,” he said.

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www.pwinsider.com/article/104779/corgan-discusses-potential-tna-purchase-with-new-york-post-another-tna-minority-owner-revealed.html?p=1

CORGAN DISCUSSES POTENTIAL TNA PURCHASE WITH NEW YORK POST, ANOTHER TNA MINORITY OWNER REVEALED
By Mike Johnson on 2016-09-17 09:42:00
The New York Post featured a piece on Billy Corgan seeking to purchase the majority ownership of TNA Wrestling, noting that both WWE and Sinclair Broadcast Group - owners of Ring of Honor - have also made recent offers. PWInsider.com had noted in the past that WWE was interested in the TNA library should the company opt to shut down operations and Sinclair's interest in TNA has been well documented.

The article noted that part of the issue Corgan faces is that there are numerous entities with ownership stakes in TNA, including Dixie Carter, Aroluxe Marketing (which gained ownership shares in lieu of payment for production work on TNA TV and PPV tapings) and The Fight Network in Canada, which had not been previously revealed publicly. In asking around, I was told they have a small stake stemming from the deal they made for worldwide rights to the TNA library last March.

Corgan told the New York Post that he hopes to have a deal completed by the 10/2 Bound for Glory, noting, “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 has made several investments into the company in the last six months, the most recent resulting in him being named President of TNA.

Corgan acknowledged there are "lots of people" at the table for TNA ownership. As PWInsider.com noted several weeks ago, Aroluxe's exclusive window to purchase the company expired on 9/1. He told the Post that all the relevant parties have agreed upon a price for the company, but did not disclose what that price might be.