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Rumor Roundup special edition: The end of TNA?

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One way or another, something is about to break in the years long saga of TNA’s financial drama. We’ve heard many times in the past the company was on their last legs, only for Dixie Carter & whoever is in her management circle at the time to find one more television contract, swing one more taping, to keep things going.

Something about the news which started with Wrestling Observer’s report Monday night (quickly corroborated by PWInsider) feels different. That Billy Corgan, the rock musician suddenly cast as the company’s savior, gave an interview today which confirmed most of Dave Meltzer and Mike Johnson’s details is one reason. That we haven’t seen the usual wave of talent and fans rushing to social media to refute the reports is another.

In the wake of Corgan’s appearance on Busted Open Radio, rumors have been coming out at a rapid clip. We’ve compiled some of those here. In addition to our usual rumor caveat*, we ask that you take these words from Billy’s interview to heart when considering and commenting on them:

I would caution people — because look. I am a fan. We all read the dirt sheets and stuff like that, and certainly the people that you mentioned — their word and their sources carry a lot of weight in the business. But I would ask everyone to step back and think for a second about all the talent on this roster and all the people that work behind the scenes, who are sort of hanging in the balance here and don’t really know what’s going to happen. And so we have to very sensitive to what that means...

  • In addition to what some are saying is a very serious offer from WWE, Ring of Honor (ROH) parent company Sinclair Broadcasting might be back in the mix. It’s believed their plans for TNA would be similar to Vince McMahon’s, but with the possible addition of assuming the Pop TV contract for ROH TV.

  • Unsurprisingly, a TNA talent told, “It’s just a mess in there with ownership stuff. Four different entities, all with different agendas. Billy Corgan is by far the best option.”

  • Someone described as “a veteran talent” told Wrestling Inc that the roster, production crew and office staff are very nervous, saying this time represents a “new level of concern” above the usual whispers of the company’s demise.

  • From the same report as the last bullet point, several wrestlers have had their flights for Bound for Glory and the subsequent tapings cancelled. That may not mean those are shows are cancelled, but could be a sign they’re preparing to run them as bare bones affairs to save money.

  • Billy Corgan is bidding on his own without any other investors on his team, per WrestleZone. They report that even if he’s successful in becoming the majority owner, there’s a serious debt problem he’d inherit, as evidence by overdue payments being made at the last taping while filming was ongoing.

* Important reminder: Rumors are just that -- rumors. None of this has been confirmed as legitimate news or fact, it's just circulating around the pro wrestling rumor mill. Remember, take it all with a grain of salt.

If you have heard of any interesting rumors that you'd like to add, feel free to post them in the comments section below. Just remember they are rumors and not confirmed as fact, so please take them as such.

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