WWE

WWE Rumored To Be In The Running To Purchase TNA

http://wrestlingnews.co/wwe-reportedly-puts-in-a-bid-to-buy-tna/ Source: wrestlingnews.co

For the last decade or so, the only North American wrestling organization that can attempt to make a claim that they were competing directly with WWE would be TNA, which has somehow survived for years at this point, and even had several periods where the product was actually quite good. Most recently, they’ve made headlines for “The Final Deletion” storyline involving Matt and Jeff Hardy that has the Internet raving (which is great in a “so bad that it’s good” B-movie sort of way), and also because former Smashing Pumpkins founder Billy Corgan announced plans to purchase the embattled promotion, and no, none of that is a typo. For years, TNA was owned by Panda Energy and run by Dixie Carter, but after losing their TV contract with Spike and relocating to smaller networks twice, the company became something of a money sink and was forced to sell stakes in its ownership to Aroluxe, an investment company, which assumed the rights to the TNA brand, and also to Corgan, in order to keep the lights on.

We told you that story to tell you this one, which is that Corgan might not be the only person trying to buy up TNA’s assets. In what should be no surprise to any wrestling fan, allegedly Vince McMahon and WWE have put in a bid to purchase TNA, likely so they can have access to its video library, which contains extensive footage of several of their current top stars, including Samoa Joe, Bobby Roode, AJ Styles, and the recently retired Sting. However, some experts have set the value of TNA somewhere in the neighborhood of $40 million (you can thank UFC’s recent $4 billion sale for that clearly inflated number), and given that WWE managed to purchase WCW for somewhere around $3 million, we can’t imagine they’ll be willing to shell out quite that much, unless they really want that library right now.

Should WWE be successful in purchasing their only real potential North American competition for the second time in fifteen years, is there anyone in that promotion you’d like to see WWE bring back onto their roster?

Stephen Randle

Stephen Randle

Stephen Randle is an avid wrestling and film fan. He's been writing about WWE, movies, and video games for Goliath since 2015.

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