TNA Running Out Of Time, WWE Back In Picture For Potential Sale?
The clock is ticking: will Vince McMahon strike a deal?
It was reported last week that WWE had an interest in purchasing TNA, primarily for the ailing Nashville company's extensive tape library.
Though the offer was described as no more than an "option if no other parties purchase the company," it was quickly downplayed by the Wrestling Observer's Dave Meltzer, and current TNA President Billy Corgan (who has reportedly raised the necessary funds) emerged as the frontrunner.
Today, however, it's being reported that WWE are back at the table, and may soon make another move for Dixie Carter's remaining shares. Though Carter has relinquished much of her power in TNA, she retains a majority of the company's shares, leaving the promotion's destiny in her hands.
The clock is ticking. TNA desperately need the buyout money to fund this Sunday's Bound For Glory pay-per-view and next week's TV tapings. This means any deal must be completed by Friday, the last working day before the PPV, or TNA will miss both sets of tapings, and likely cease to exist.
WWE's main goal remains the tape library, and while they'll likely retain a number of TNA wrestlers, there'd be no plan to maintain the brand's operations. Realistically, it's now a two-horse race between TNA and Corgan, and with Carter valuing her shares at a reported $4-6 million, they'll have to act quickly.