Post by The Ultimate Nullifier on Sept 20, 2016 11:15:37 GMT -6
www.sescoops.com/update-on-rumors-of-wwe-making-an-offer-to-buy-tna/
Update On Rumors Of WWE Making An Offer To Buy TNA
By Scott Lazara on September 20, 2016
Following up on the New York Post’s report over the weekend that WWE recently made an offer to buy TNA, Dave Meltzer confirmed on Wrestling Observer Radio that WWE has made at least one offer to acquire the struggling promotion, but it was an ‘unofficial’ offer and not recently. The primary asset WWE would be interested in is obviously TNA’s extensive tape library. Meltzer added that Billy Corgan has already invested more money in TNA to acquire 30% ownership than WWE offered for the entire company.
Multiple sources are now flat out denying the New York Post’s report that WWE and Ring Of Honor’s parent company Sinclair Broadcasting recently made bids to buy TNA. As for who planted the story in the Post, it would be somebody who wanted to drive up the sale price of the company. We’ll let you draw your own conclusions there.
The eventual buyers will most likely come down to Corgan and an undisclosed party, for which there are non-disclosure agreements going around to keep things quiet. Aroluxe is not the other party working with Corgan to buy TNA. They had until 9/1 to submit an offer and did not exercise that right. The Post’s report stated that Aroluxe, Corgan, Dixie Carter and The Fight Network all have stakes in TNA, and that Aroluxe recently took over their “TNA” trademark because TNA is so financially strapped right now.
Corgan hopes to purchase TNA prior to Bound for Glory, which takes place on on 10/2.
Update On Rumors Of WWE Making An Offer To Buy TNA
By Scott Lazara on September 20, 2016
Following up on the New York Post’s report over the weekend that WWE recently made an offer to buy TNA, Dave Meltzer confirmed on Wrestling Observer Radio that WWE has made at least one offer to acquire the struggling promotion, but it was an ‘unofficial’ offer and not recently. The primary asset WWE would be interested in is obviously TNA’s extensive tape library. Meltzer added that Billy Corgan has already invested more money in TNA to acquire 30% ownership than WWE offered for the entire company.
Multiple sources are now flat out denying the New York Post’s report that WWE and Ring Of Honor’s parent company Sinclair Broadcasting recently made bids to buy TNA. As for who planted the story in the Post, it would be somebody who wanted to drive up the sale price of the company. We’ll let you draw your own conclusions there.
The eventual buyers will most likely come down to Corgan and an undisclosed party, for which there are non-disclosure agreements going around to keep things quiet. Aroluxe is not the other party working with Corgan to buy TNA. They had until 9/1 to submit an offer and did not exercise that right. The Post’s report stated that Aroluxe, Corgan, Dixie Carter and The Fight Network all have stakes in TNA, and that Aroluxe recently took over their “TNA” trademark because TNA is so financially strapped right now.
Corgan hopes to purchase TNA prior to Bound for Glory, which takes place on on 10/2.