It’s been pretty quiet on the TNA business front since the bombshell stories late Monday/early Tuesday which indicated there was no financing in place to pay for the pay-per-view (PPV) scheduled for Sunday, Oct. 2, Bound for Glory, or the television tapings set to take place the week after the event.
While there’s still no hard news on whether those events will happen, or if Dixie Carter will sell to Vince McMahon - effectively ending TNA - the company’s President, Billy Corgan was on Sirius XM’s Busted Open Radio this morning to discuss the situation.
The good news is, Corgan says he is heading to Orlando this weekend “rain or shine”. The Smashing Pumpkins frontman confirmed reports he’s been the person who personally financed the last three tapings, noting in each case, he walked to the ring as “the ink was drying” on the paperwork. He’d done everything in his power to make sure Bound for Glory happens, including using money “from his pile” to purchase the “majority ownership” of the company.
The less good news is, while Billy has everything in order on his end to make those things happen, he acknowledges it’s not up to him if they’re finalized. Current majority owner Dixie Carter was not mentioned by name. What’s implied but unspoken in the interview is that while Corgan may be in a position to personally finance another set of shows, he might not do so - as he indicates he’s done multiple times already - without movement on the ownership issue. Whatever happens will likely be a result of a decision made by Carter and other partners & investors.
In the interview, Impact Wrestling’s President laid out a lot of the plans to transform TNA that he’s discussed publicly before. Corgan wants to change the culture as well as the business strategy for the company and turn it into a “21st century empire”. But even though he says he has buy-in from talent and television partners like Pop TV, he realizes he needs a controlling stake to do what he wants to do.
Corgan said if he can’t “put air back in the balloon” and look talents like Eddie Edwards and Bobby Lashley in the eye and say they’ll be in business together for the next 20 years, he won’t make a deal.
So, the Busted Open interview confirms once again, and provides more detail about, Billy’s commitment to TNA. And that’s great.
But Corgan’s willpower might not be enough to save Bound for Glory, and the company as a whole. So we’ll stay tuned to see what happens next.
H/T PWInsider.com for their reporting on the interview