21 Sep 2016, 8:31 am
#810
(20 Sep 2016, 8:21 pm)MrFozz Fairy Snuff, I will take your word for it mate ?
I have seen it in a few places though...
As you know I have never claimed to know much about the business or anything, but out of interest is TNA actually in financial difficulty???
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Billy Corgan, frontman of The Smashing Pumpkins and longtime wrestling fan, seems poised to take financial control of the company. He has been involved behind the scenes for quite some time now and I believe he's made some recent on-air appearances as an authority figure.
Corgan has been involved in the wrestling industry prior to TNA co-founding the promotion, Resistance Pro Wrestling. However, after failing to secure a television deal, he left the company in 2014. Although the promotion still promotes shows around the Chicago area, most consider the Resistance Pro to be a failure given the profile it received. Corgan's name was also bandied around as a potential investor in ECW before it went bust in 2001 but, aside from attending shows, it seemed to be a wild rumour with no actual basis.
TNA has been in financial difficulty in the past but has always had Panda Energy to bankroll the losses. But, over the last few years, a lot of streamlining has taken place, so it's probably in a better financial position as it was when Hogan and Co. were running rampant.
