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Report: WWE Makes Recent Bid to Buy TNA

A recent story in The New York Post highlights Billy Corgan’s attempt to buy TNA wrestling and how he is still in the process of trying to work something out.

The story also cites that Sinclair Broadcasting Group (the parent company of ROH) is also in the picture as a potential buyer and has recently made a bid.

WWE has also thrown its hat in the ring and reportedly made a bid for the company with TNA’s tape library the real value proposition for the WWE Network archives. The Post speculates TNA would sell the library for $40 million, however Dave Meltzer believes “one zero” can be taken off that figure.

If WWE were to take forward their interest, it is very unlikely they would pay more than the $2 million they did to acquire WCW, which obviously had a lot more success than TNA.

  • Nicholas2778

    The WWE basically got most of TNA talent that made TNA what it was so why not. If only TNA use there young talent they had at the time much better they maybe still be in business.

  • jgdjgdklj

    Well… they could finally acknowledge AJ’s time there. Would be very strange!

  • Khosrow

    Welcome to the WCW sale.

  • D2K

    A great idea or bad idea are only so when they prove to be so. No one knows what will or won’t work until it happens.

    Many people once told Vince McMahon Wrestlemania was not only a bad idea, but it could kill the company.


  • Yespage

    A great idea on paper, but only on paper.

  • Yespage

    That isn’t quite enough, is it? TNA needs real money to make it float. It seems they’ve been struggling a lot for a couple years now.

  • Khosrow

    You are correct sir, TNA is not a publicly traded company. So if he bought it, it would be his responsibility to keep it afloat. That’s why I’m not sure if he wants to really foot the bill for this current mess that TNA is in. Depends which is cheaper, fixing this or starting new.

  • D2K

    His net worth is 50 million so he has some money, but once you own the company it is your responsibility to maintain and finance it. TNA as far as I know is not a publicly traded company.

  • Khosrow

    Pretty sure Corgan has 4 million in his wallet. Whether he values the company at that level is another issue.

  • Khosrow

    If Meltzer is right and the library and promotion goes for four million, that might be a deal. Their biggest draws are under exclusive deals and the biggest draw is they have a national and world wide tv deals in place. It might not be the biggest network in this country but they draw more income from overseas business which helps add to the value of the deal. Vince could care less about the current tv slots but for anyone else, it makes TNA more valuable then WCW was at the time of its sale.

  • D2K

    It has been profitable at times. This would be a drop in the bucket for Vince. His shyster lawyers could probably write it off somehow too. He can easily buy TNA. If he truly has put in a bid for 2.5 million dollars I don’t see anyone trying to challenge Vince. This same thing happened when Eric Bischoff and Fusient Media Ventures basically bought WCW but the final paper work hadn’t gone through. Then Vince swooped in and bought it outright.

    As we know the hang up that kept Bischoff from finalizing the deal was that Time Warner would give him the tape library, rings, etc, but no TV time to air WCW. That allowed Vince to sneak in the back door.

    I can’t imagine the TNA tape library being worth as much as claimed in this article. If this is true Vince might have start off at a high bid to chase away would be challengers. I really wished someone with deep pockets would get behind Corgan so they can keep TNA going.

  • Yespage

    Well, TNA would certainly sell their library for $40 million. They’d sell it for $300 million too. But who is willing to pay for it and who is willing to buy TNA in its own right? Has it ever really made money?

  • Khosrow

    The NY Post is not known for being completely honest. They probably made this up. I can only see Vince making a low ball bid with the back catalog being his only real interest. There is less than a handful of contracts he would keep (Hardy Boys, Jade, maybe someone else I might be missing but not too much more). I hope Corgan wins the final bid because the show has gotten better lately. It’s not must see but it’s better than it has been since before Hogan flushed it down the toilet.

  • CC

    $40million for TNA? Whoever came up with that figure better not take a wellness test.

  • D2K

    *sigh*…oh well. I was hoping that TNA was going to turn around with the new management, but if they sell to WWE you can forget about that.

    You know what would be cool though? If Shane would come back in an executive sense and run WWE, and Triple H and Steph could run TNA as a separate company but under the WWE umbrella. Maybe merge NXT and TNA. Then we could have some legit competition even if it is just friendly competition. There could be one clash PPV where both organizations face each other. NXT has proven that you can have two brands under the same corporate name and have different flavors.

  • MrDr3w

    I feel legitimately bad for about 90% of their roster if Vince gets what he wants. The irony of it all though, is that most of their guys started out working for Vince anyway, and everyone who “jumped ship” to get away from Vince will be under his control again.

  • VRA

    I would love to see Vince show up at a TNA taping and says “It’s mine! It’s all mine! An you’re all fired!”