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TNA President Billy Corgan Comments on Trying to Buy TNA, Investors Currently Involved

In a story in the New York Post, Billy Corgan commented his goal of becoming the majority owner of TNA Impact Wrestling.  Corgan noted that when Bound for Glory happens on October 2, he would love to announce that he has taken that majority ownership stake.  “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.

Corgan noted that the parties involved have agreed to a price, but that there are “still a lot of people at the table.”  Currently Aroluxe Marketing, majority owner Dixie Carter, and Canada’s Fight Network all have ownership stakes in the company at present.  WWE and Sinclair Broadcast Company (the parent company of Ring of Honor) have expressed interest as well but only in the tape library according to some industry insiders.

Bill Says:  Corgan is clearly passionate about pro wrestling and wants to continue to produce new wrestling content for the company.  The interest from WWE makes sense given that they now have Bobby Roode, Samoa Joe, Eric Young and AJ Styles under contract who were all former TNA talents, but I’m sure that it’s for the tape library content more than anything else.  Obviously, this is a story worth keeping an eye on and we will do that.

 

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About Bill Wentz (1520 Articles)
Ring-Rap.com's Senior Columnist, writing with the site since 2009 and a lifelong wrestling fan dating all the way back to the early Wrestlemania years. As a strongly opinionated fan, you can get my thoughts regularly on Ring Rap Audio and Around the Ring on Thursdays, as well as in "Wentz's Blog" in print. Look for my live show reports as well for MMA, WWE, ROH, and more. Outside of wrestling, I have a strong obsession with trucks, winning awards statewide with a truck dubbed the "Brahma Bull Edition." Interact with me on Twitter @Bill_SoonerFan or by email at bwentz@ring-rap.com

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