The New York Post posted an article on Billy Corgan trying to become the majority owner of TNA. Also mentioned in the article is WWE’s interest in buying the company. WWE and Sinclair Group have reportedly made bids for the company. Sinclair Group also owns Ring Of Honor.
Corgan was quoted in the article as saying the following regarding the possible purchase of TNA:
“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.”
Corgan wouldn’t reveal what the sale figure is, but The New York Post estimated it to be at around $40 million by using WWE’s market value of two times revenue. Obviously that figure sounds highly questionable at best, and The Wrestling Observer’s Dave Meltzer tweeted the following regarding that number:
Nobody is paying $40 million. Take one zero off https://t.co/Y0kroSlYJJ
— Dave Meltzer (@davemeltzerWON) September 17, 2016