8 Reasons Why Billy Corgan Buying TNA Is Best For Business

What in the world is going on with TNA at the moment?

It seems that only Dixie Carter can answer that question. The company were in dire straits last week, and with it being widely reported that they needed to arrange a full sale of Carter’s 70% shares to survive beyond Sunday, it looked like they were finally going bust.

That didn’t happen, however, and for all the doomsaying, TNA were able to raise the funds necessary to progress not only with their Bound for Glory PPV, but several weeks’ worth of Impact tapings. Whether the money came from Carter, and outside investor, or one of the company’s other shareholders remains to be seen, but they pulled it off, and their existence continues for at least another month.

TNA’s future still hangs in the balance, though. It doesn’t look like a full sale has been concluded yet, particularly with Carter still involved with the company’s operations, and it’s only so long before the well runs dry again. WWE looked set to pounce last week, but the acquisition didn’t materialise, and TNA continues as is.

Sooner or later, somebody has to reach down and pull TNA from the muck, and the best option remains the company’s current President. He doesn’t have Vince McMahon’s financial clout, but Billy Corgan buying TNA is best for business for a host of reasons, and here they are.

You could write a book on all the factors that have contributed to TNA’s demise, but much of the blame lies with inadequate leadership. Jerry and Jeff Jarrett were forced to sell to the Carter family when HealthSouth, one of their benefactors, were forced to withdraw their funding following a fraud case. The Carters paid just $250,000 for their 70% stake, and Dixie was installed as president.

Her reign has been a string of terrible mistakes kept alive by constant cash injections by her wealthy father. Throwing exorbitant amounts of cash at failed WWE stars, Z-list celebrities, and MMA fighters at the expense of the company’s younger stars bought a couple of cheap pops, but ultimately cost the company its reputation. 2009 saw Carter bring Hulk Hogan and Eric Bischoff to TNA and after four years of their free reign, TNA’s once-exciting alternative product had been ground to dust.

Carter’s failings as TNA’s president are too numerous to summarise. She’s become a laughing stock in the wrestling business, and her name is now a buzzword for professional wrestling failure. It’s under her leadership that TNA has becoming shockingly reminiscent of latter day WCW, and if the promotion’s ever to prosper again, she must leave. Immediately.

Corgan purchasing her shares will send her out of the wrestling business with a nice big payday. Does she deserve the $4-6 million her shares are valued at? That’s debatable, but it might be worth it just to get rid of her.