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CONFIRMED: WWE In Negotiations To Buy TNA Wrestling

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Billy Corgan sat down with ESPN Radio’s Dan Le Batard Show this morning to discuss the current state of Total Nonstop Action, otherwise known as Impact Wrestling. Corgan commented on the current TNA situation, claiming it’s complicated due to the current state of professional wrestling. He noted that it’s harder for wrestling promotions to make the same ad revenue as similarly-rated shows, or even shows with lower ratings in different categories.

Corgan admitted that Vince McMahon and WWE are in fact in negotiations with TNA, but as of now, nothing has been finalized. Corgan notes that should a deal come to pass, he’d be among the first to know as he has a stake in the company. Corgan then went on to explain his professional wrestling philosophy, and noted that Vince McMahon and WWE are the only ones who seem to have a “winning philosophy.” He says that, should he gain control of the company, he’d lead things in a different direction, however that’s easier said than done. As of now, several people own a stake in the promotion, and everyone has a different vision for where the company should be going.

As previously noted, if TNA is unable to secure funding by Friday afternoon, this Sunday’s Bound for Glory and subsequent television tapings could be in jeopardy. We’ll keep you updated with the latest information as if becomes available.

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