BILLY CORGAN, WWE AND ROH BID ON TNA
Billy Corgan is in talks to become the majority owner of Impact Ventures, TNA and Impact Wrestling.
Billy Corgan joined Impact as a senior producer in May 2015.
Last August by investing in the company and become its president.
On Oct. 2, the night of Impact’s banner pay-per-view event, “Bound for Glory,” he hopes to take that commitment to the max.
“I would love nothing better than to stand up in front of everyone and give a clear picture of where this company is and where it’s going,” he said.
Corgan e admits there’s still “a lot of people at the table.”
WWE and Sinclair Broadcast Group, owner of the Ring of Honor wrestling organization, are rumored to have made recent bids.
TNA ownership includes Dixie Carter, Billy Corgan, Aroluxe Marketing and Canada’s Fight Network all with equity shares.
Corgan says the relevant parties have agreed on a sale price. An estimate based on publicly traded WWE’s market value of two times revenue would put it at around $40 million.
“You ultimately have to rely on your own calculus about what something is worth,” Corgan said.http://www.firstcomicsnews.com/billy-corgan-wwe-and-roh-bid-on-tna/http://www.firstcomicsnews.com/wp-content/uploads/2016/09/Impact-Wrestling-Logo-600x257.pnghttp://www.firstcomicsnews.com/wp-content/uploads/2016/09/Impact-Wrestling-Logo-150x64.pngNewsWrestling News