Forbes reported earlier today that among the potential buyers of TNA’s Impact Wrestling (to include Billy Corgan and Sinclair Broadcasting) WWE has shown interest in purchasing the company, not to keep it afloat but mainly for its library of footage.
This wouldn’t be another WCW Invasion storyline. Vince would buy out TNA, bury it and then add their footage to the WWE Network. He wouldn’t be buying TNA to help keep it on the air. So don’t expect any last minute saves, here. If Sinclair Broadcasting could purchase it, that could be very interesting as they own Ring of Honor and if the two promotions could somehow merge and get a bigger TV deal, now we’re talking genuine competition with WWE and incentive to sign new independent wrestlers. Not really sure about Billy Corgan’s net worth, but it would seem unlikely The Smashing Pumpkins album sales gave him a fat enough bank account to make any significant bid or company restructuring.
As always, any rumor pitted towards TNA needs to be taken with a grain of salt as the roller coaster speculation reaches every end of the spectrum. Disgruntled former employees say TNA is always two seconds from going bust and owe them buckets of money. Current employees say there are no problems and they get their paychecks on time and love working there. It seems every ‘smart-mark’ with a webpage has an opinion for either side or claims to hold some secret “insider knowledge” for a company they have never worked for. Nobody really knows what is going on financially backstage with TNA except their own people. Yes, we’re calling you out Dave Metlzer.
It’s hard to take any seriousness with the idea of TNA being moments away from bankruptcy when they keep signing talent like Moose, Aron Rex, and Cody (he of the Rhodes fame); plus the addition of a completely new title belt and keeping a major name like Bobby Lashley on the roster when his talents could easily be utilized elsewhere. The loyalty of Ethan Carter III, Drew Galloway, and The Hardy’s suggests that things aren’t as bad as people make them out to be. I mean, these guys aren’t working for free. It’s hard to tell the difference between the real truth, glorified exaggerations, and flat out lies.
That being said, TNA’s ratings do remain fairly strong, especially in comparison to Ring of Honor or Lucha Underground. They are far and wide WWE’s biggest direct competition. And considering the amount of former TNA talent WWE keeps signing, it can be said for certain that Vince McMahon or at least his front office keeps an eye on all things TNA. Impact Wrestling isn’t a bad product. In fact, some weeks it puts out a better show than either Raw or Smackdown. They have talent, their ratings aren’t in decline, and they have the balls to let Creative take risks. All and all that makes for something I really like to watch. Face To Heel definitely hopes TNA doesn’t fold, go under, or worse: become yet another causality in the ego-driven empire of Vincent Kennedy McMahon.
There is a place in pro-wrestling for TNA, their staff, writing and especially their roster. They are a great company that unfortunately has made some poor decisions over the years. For all intents and purposes, 2016 seems to be the year they have been trying to really right the ship and seek their own identity. We just have to hope it’s not too little, too late.
Article by Jamie Curtis Baker