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TNA Has No Money to Broadcast Sunday’s Bound for Glory Event
TNA heads to Orlando this Sunday for their Bound for Glory event, however there appears to be a problem. They don’t actually have the funds to put on the show, nor do they have the funds for future tapings.
Apparently, WWE is back in the bidding war for the company, which isn’t a good sign and could be an indication that the company is done. While Billy Corgan mentioned to ESPN that he would like to buy the company, a deal like that can’t be put together in time before the Bound for Glory event on Sunday. A complete transfer of ownership in the company could take weeks. TNA needs the funds, and they need them before Friday to do the pay-per-view event.
It should be interesting to see what happens with the company in the next couple of days as we get closer to the event.
http://www.ringsidenews.com/misc-ne...y-to-broadcast-sundays-bound-for-glory-event/
If this is true, I have to say it's time. At one point in time I was the biggest TNA mark on this planet, but they've blow through their last chance. I honestly don't want to see Billy Corgan of The Smashing Pumpkins buy it. Let WWE have it for the video library and to add their programming to the WWE Network. If we're lucky WWE will pick up a few talent contracts for their brand extension.