In a recent interview with The New York Post, TNA Wrestling and Smashing Pumpkins’ Billy Corgan commented on the majority of him seeking to purchase the majority ownership of TNA Wrestling and noted that WWE and Sinclair Broadcasting Group, the owners of Ring of Honor Wrestling, have also made recent offers. The belief is that WWE are interested in the TNA Wrestling library, should the company opt to shut down their operations and that Sinclair Broadcasting Group’s interest would be for the show to be syndicated across the country.
It was noted during the interview that part of the issue that Billy Corgan currently faces is that there are numerous entities with ownership stakes in TNA Wrestling including Dixie Carter, Aroluxe Marketing (who gained ownership shares in the company in lieu of payment for production work on TNA television and pay-per-view tapings) and The Fight Network in Canada (believed to be from the deal they made for worldwide rights to the TNA Wrestling library back in March).
Corgan said that he hopes to have a deal completed by the TNA Bound For Glory pay-per-view next month stating, “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” and acknowledged that there are lots of people at the table right now for TNA Wrestling ownership.
The interview is available in full at this link.