What Is Happening With TNA Wrestling?

Did wrestling fans get duped?

Three days removed from TNA’s biggest pay-per-view of the year, Bound for Glory, there has been little word about the potential sale of the struggling outfit to potential buyers such as Vince McMahon. While it would appear that one event does not cure the ills of the promotion, did the news of an imminent buyout save TNA from extinction? If so, it’s one of the best “screw jobs” in recent history.

The talk this year, as in years past, has been TNA’s inability to pay its wrestlers and maintain television deals, both stemming the poor business decisions of its former president, Dixie Carter. Maybe Billy Corgan taking over and helping establish normalcy in the fledgling operation was enough to quell rumors that the McMahons or some other business folk would swoop in.

First reported early last week, Corgan was preparing to buy the promotion but needed somewhere around three weeks to make that happen. Then stories surfaced that he had secured the necessary capital to make the purchase, but still needed time to complete the deal. Several wrestling media types, including Dave Meltzer, reported that the McMahons were willing to make a deal sooner than Corgan would be able to make things happen. It was also reported that the Bound for Glory pay-per-view would still happen, but after that, it was anyone’s guess.

Since this past weekend, there has been very little news about the promotion, which led to a discussion among Wrestledelphia writers that maybe this was a work to gain PPV buys. That can’t be confirmed, but under the circumstances, that might be the case.

The New York Post reported that Impact Ventures, the parent company of TNA Wrestling, had secured financing from an unnamed source in order to continue ahead with Bound for Glory. From what anyone can tell, the mystery source is not WWE.

If TNA is in fact sold, it remains to be seen what will happen to the wrestlers still under contract with the organization. If WWE does purchase TNA, who comes with the deal? Do wrestlers like Aron Rex, Cody Rhodes and Drew Galloway – all of whom have wrestled for the McMahons in the past – return to the scene of the crime? What happens to the contracts of Jeff and Matt Hardy, who have been rumored for months to be making their return to WWE at some point?

As of right now, WWE is building upon its brand split, while ratings are still an issue. Does this kind of sale, much like the purchase of WCW back in 2001, help or hinder this growth?

Does TNA have enough financial backing to finish the year so it can focus on a potential sale in 2017?

For all we know, everything is still up in the air.