TNA and Impact Wrestling have never garnered as many headlines as they have over the last few weeks. Unfortunately, it’s been for all the wrong reasons. There are exceptions, after all, to the theory that there’s no such thing as bad publicity. TNA has been hemorrhaging for years, and many felt it was finally coming to a head by way of selling the company.
Details, some specific and others vague, have emerged in recent weeks in regards to the potential parties interested in purchasing TNA. WWE was at the forefront of those reports, with current TNA president Billy Corgan and a third unnamed company as the other bidders. Things became so bleak for TNA that their most recent pay-per-view, Bound for Glory, was in serious jeopardy of being cancelled.
As everyone knows at this point, the show did air and was received with mixed reviews, though not all negative. TNA secured enough funding, not only to successfully produce Bound For Glory but to film the remainder of the Impact tapings for the rest of 2016. Beyond that is still very much a question mark, but programming will continue as planned for at least the next three months.
There was a lot of buzz around the TNA locker room about Dixie Carter calling a meeting either right before or right after the pay-per-view in order to address everything that’s surrounded TNA over the past two weeks. Many wrestling insiders felt that because the short-term finances were in place, the meeting was canceled, or at least postponed. Well, that postponement lasted all of about one day.
According to Daily Wrestling News, Dixie did, in fact, hold a meeting backstage prior to Monday night’s TNA Impact Wrestling tapings in Orlando. It’s being said that the entire locker room was in attendance in what is being described as a town hall atmosphere. Billy Corgan was also in attendance but apparently did not ask any questions — or answer any questions for that matter. He was merely an observer as Carter conducted the meeting entirely.
All topics were on the table for the meeting, which included the rumors of WWE being a leading suitor to purchase TNA. Dixie confirmed to the talent that Vince McMahon and the WWE were interested in buying, and even though she had to consider it, she never wanted to let it happen. As noted, the WWE was solely interested in purchasing TNA’s tape library now that former TNA stars like AJ Styles, Samoa Joe, Bobby Roode, and Austin Aries have had success under the WWE umbrella.
Dixie stated that TNA still owns the tape library and will continue to do so, with WWE’s offer coming in the neighborhood of $3 million to $4 million. As mentioned, the Bound for Glory pay-per-view was in danger of being cancelled, and Carter reportedly admitted to the talent that the company had to scramble to pull it off but they would never have let it get shut down.
Aside from the overall uncertainty of the company’s status, some wrestlers wanted Dixie to address the late payment issues that had made their way around the internet as well. Again, Dixie admitted that it had been a problem, but it was because TNA was waiting for money to come in that was owed to them by other entities.
Because of Corgan’s presence, some of the TNA talent questioned the ownership and its chain of command. Dixie addressed the concerns by confirming that she is still the majority owner, though there has been a lot of internal struggle with the rest of the ownership group. It’s unclear whether Corgan was among those she was referring to.
At the conclusion of the meeting, most of the talent felt that Dixie Carter deserved to be commended for addressing all the elephants in the room and some were relieved to hear her explanations. There still remains a cloud of uncertainty over TNA’s future, but in the near term, some felt better. Dixie was surprised that so many of them had worries, which is kind of hard to believe, but she did apologize to the talent for being responsible for their headaches.
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