The TNA saga continues and the WWE's part in it has remained up for debate.
However, TNA president and Smashing Pumpkins frontman, Billy Corgan, has suggested the WWE are in fact in talks to purchase the entire company, not just their video library.
At this point, it seems a bit too drawn out to be true. Vince tied up the deal for WCW back in 2001 in much quicker fashion and that deal appeared more complex with Ted Turner involved.
However, with TNA apparently owing money to several different companies, maybe the hold up lies in how much TNA is actually worth. Which, this writer speculates, is not very much.
Rollinstone.com has reported that according to filings released to the public this week, Corgan's lawsuit against TNA has revealed that TNA wrestling is unable to pay back debts and is apparently in talks to be sold to WWE.
Corgan filed an injunction arguing that he should be granted full control of TNA, saying that he made a loan agreement to TNA chairwoman Dixie Carter, who in turn pledged 100 percent of her equity interest in the company.
So, this is how it stands. Corgan still wants the company and will re-brand TNA should he get full control. However, he is suggesting that Carter is talking to Vince McMahon and the WWE about selling up and we know that for one, the WWE are interested in recruiting talent to fill out both SmackDown Live and Monday Night Raw and two, they are interested in gaining TNA's video library as content for the WWE Network.
What do you guys think, is the WWE buying TNA a good idea? Let us know in the comments below.
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