Tuesday, May 24, 2022
HomeWWE | Pro WrestlingTNA Wrestling Reportedly Up For Sale

TNA Wrestling Reportedly Up For Sale

TNA Wrestling is a sinking ship and all you have to do is follow the ratings and look at their house shows to see it. There are a lot of people to blame but the good news is that clock may be ticking on some of them according to recent reports.

[adinserter block=”1″]Dave Meltzer on the Wrestling Observer has talked for weeks about Panda Energy looking to sell TNA Wrestling. The talk really heated up when Hulk Hogan’s contract was coming due. Meltzer speculated that TNA would like to keep Hogan as a big asset as part of a sale. However, Dave’s recent rant about a potential sale is the one that is breaking news.

Meltzer went into greater detail over the weekend on a F4Wonline.com podcast about TNA being up for sale. According to Meltzer the company is not only up for sale, but has been up for sale going back to when Dixie’s mother Janice took over the books and froze the spending.

There’s a lot of moves being done behind the scenes. There are, no matter what anyone is gonna say right now, big things behind the scenes as far as the future ownership of the company and at that point God only knows where it goes…. There’s people looking at getting it and I think the Carters are looking to get out. They’ve lost enough money and all that and as far as what that means, who knows? But they’ve been looking to get out for awhile, now everyone is going to scream at me and all that, but that’s a 100%, but that’s the stuff they don’t want you to know…. They’ve been looking to get out when they stopped, you know, when it became incumbent, when they didn’t want to fund them anymore….

I have read other people speculate that Viacom could come in and buy TNA like they did with Bellator. As a matter of a fact it is turning into somewhat of a story that they haven’t. I always felt that the thing standing between Viacom making such a bold move is the WWE. The WWE will always have their television rights up for bid whether it is in 2014 as planned and a few years after. I don’t think that Viacom wants to lock themselves in as owners of a wrestling company when they can always make a play for the big boy in town.

Ironically it is WCW that has screwed this up for the Carter family more than anything else. Vince McMahon reportedly paid just a few million dollars when he bought WCW.As bad a WCW was at times, they were a much bigger game in town than TNA ever was. If WCW could only bring in a few million bucks, how can TNA expect to sell for anything remotely close? Any savvy investor will look at those numbers and come to the same conclusion.

What are you buying with TNA anyway? You get the Spike deal which is huge. But you also are going to look at the books and see that a company with a Spike deal that had superstars like Hulk Hogan, Ric Flair, and Sting on its roster couldn’t sustain a profit. The investors on Shark Tank would laugh at the Carter family if they walked in there asking for anything more than a few hundred grand. Quite frankly the only way you can really make money on this is to buy low and then remarket the tape library. I can’t see any other reason you’d want a piece of this.

[adinserter block=”2″]There are rumors that Eric Bischoff is in play to buy the company. I can’t imagine anyone else than a group headed by Bischoff interested in paying top dollar for TNA. It would certainly make things real interesting to see someone as passionate as Bischoff buy the company. Like him or not he is passionate about wrestling and he could make things in TNA interesting (not saying that is good or bad) as owner.

Regardless, I saw some people over the weekend defend Dixie Carter as a businesswoman. You just can’t, especially when her own parents no longer have confidence in her. But don’t worry Dixie fans. Dixie has said in the past that she’d love to stay in the wrestling business. Good luck!

[amazon_link id=”B00EHMYKGC” target=”_blank” container=”” container_class=”” ]WWE: History of the WWE[/amazon_link]

WWE 2K14 on all consoles

Grab discounted WWE DVDs, merchandise, t -shirts, figures, and more from the WWE Shop on Amazon.com

RELATED ARTICLES

4 COMMENTS

  1. The WCW comparison is ill-thought out. The reason WCW was only a few million dollars is because it they lost their TV deal.

    WWE did *not* kill WCW.

    AOL did.

    Had AOL/TW kept their TV slots, you would have seen a MUCH higher price. As it was, WCW was just some stage props, absorbent contracts, and, most importantly, a tape library FULL of some of the best wrestlers who ever lived.

    TNA will be much much more as long as they have a TV deal. They also have a 20 million dollar production studio in Nashville. If they lose their deal, which is a possibility, They would only be worth 15-20 million, at most.

    That being said, Bob Carter made a business error not selling. But since his daughter is involved, he has to go with her. It’s the right thing. TNA money is not of importance to him. I respect his choice.

    • Where did you see that TNA has a $20 million studio? I have never heard that.

      TNA isn’t worth a thing without a TV deal. Their TV deal is up and it has not been renewed. It may but right now it hasn’t.

      I couldn’t disagree with you more. There is nothing to respect about a business owner willing to let the entire ship go down in order to give his daughter a toy. His daughter has proven to be ill-equipped for the job and I’d have a lot more respect for him as a business owner if he made the right move for business and not for family. It is the absolute wrong thing.

  2. I agree with Jason. Take wrestling back for the fans. We're tired of this hour and half of storyline horse crap and only 30 minutes of wrestling during a wrestling show. I support my INdy feds here in NC 100% because at least I'm going to see wrestling. Not some wanna rapper spouting out crap, or some former high brow snob yammering on. As a NC fan I got to see Gunner coming up and knew he'd be big. And trust me if you were to ask if he has other friends in the business deserving a break the answer is hell yeah. Put a Gunner vs Steven Walters match on tv and listen to the crowd chant this is awesome. But anyway. I have no clue what the hell TNA is doing with Kurt Angle but it just comes off as dumb. The old dogs needs to be sent out to breed and let the young pups have the yard.Bring back the six sided ring, Bring back the guys only real wrestling fans have heard. Bring Back WRESTLING.

  3. TNA needs to be bought by someone who will strip out all the dead weight big name has beens then recruit the craziest guys out of the minors. If Vince wants to focus on entertainment then TNA should focus on wrestling, screw shoddy storylines just give us two hours of Jigsaw vs Ibushi style hijinks.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Most Popular