TNA Wrestling Gets New Minority Owner

Let the Smashing Pumpkins puns begin.

by John Bills
TNA Bound For Glory 2015 Billy Corgan
ImpactWrestling.com

After weeks (maybe months? Years?) of confusion surrounding the ownership of the company, there is finally some clarity regarding TNA and a new minority owner. That new minority owner is none other than Smashing Pumpkins frontman, noted wrestling fan and general oddball, Billy Corgan.

Corgan has been working with TNA for a year now, but is due to move into a new role after purchasing a minor stake in the company. There is some confusion still surrounding how complete the deal is, with PWInsider claiming some sources say it is done whilst others state that the ink hasn't quite dried as of yet.

If the deal does indeed get completed and Corgan is installed as minority owner, Dixie Carter will retain majority ownership of the company. Her desire to do so was frequently stated during this entire negotiation process, and could have been a stumbling block for other potential investors.

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What that means for TNA one can only speculate, but if this means the company stays afloat and remains a place that professional wrestlers can perform and get paid to do so, it can only be a good thing.

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Born in the middle of Wales in the middle of the 1980's, John can't quite remember when he started watching wrestling but he has a terrible feeling that Dino Bravo was involved. Now living in Prague, John spends most of his time trying to work out how Tomohiro Ishii still stands upright. His favourite wrestler of all time is Dean Malenko, but really it is Repo Man. He is the author of 'An Illustrated History of Slavic Misery', the best book about the Slavic people that you haven't yet read. You can get that and others from www.poshlostbooks.com.