chrom
Backup Wench
Master of the rare undecuple post
Posts: 85,301
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Post by chrom on Sept 19, 2016 15:53:15 GMT -5
Not sure if it's been mentioned elsewhere but Meltzer mentioned on the 9/18 episode of Wrestling Observer Radio that Dixie's asking price is in the $4-6 million range. He and Alvarez both had no idea where Corgan was getting that $40 million number from. He said the sale needs to go through by October 2 when Bound for Glory and the next set of tapings happens or he has no idea who will be funding the tapings or how Dixie will get money for them. My guess is if the sale gets delayed Billy will bail them out again. He'll probably keep doing that until he either actually purchases the company or smartens up. So either sell in the next 2 weeks or they are screwed ? Similar to how Slammiversary was an hour away from not happening the day of the show until he pulled out money so they could air.
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Post by The Summer of Muskrat XVII on Sept 19, 2016 15:54:04 GMT -5
Hahahahahha. Poor Billy. If this is true and he didn't knew about it, I hope he sues Dixie. He probably invested a lot of his own money in just covering TNA's ass and nothing to show for it. When this place closes its gonna be a bigger clusterf*** than when ECW broke and it was revealed that he lost millions of his own parents savings. He's already invested a couple of million into the company. From what I've heard, he's into TNA for around $750k. He funded a set of tapings, which cost anywhere from $600-800k to run. That's the only investment he's made so far that I've heard. Also, as for the tape library, I'm guessing Fight Network doesn't actually own the masters or anything, just that they have worldwide distribution rights. Even Dixie wouldn't be stupid enough to sell complete ownership of the library, it's literally the only thing of value they own.
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Post by Captain Stud Muffin (BLM) on Sept 19, 2016 15:54:51 GMT -5
So either sell in the next 2 weeks or they are screwed ? Similar to how Slammiversary was an hour away from not happening the day of the show until he pulled out money so they could air. Even if it isn't sold I still think Billy foots the bill so they can do the show but the more money he puts in TNA the more complicated the sale is going to be between Dixie and him.
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Post by OVO 40 hunched over like he 80 on Sept 19, 2016 21:13:25 GMT -5
Similar to how Slammiversary was an hour away from not happening the day of the show until he pulled out money so they could air. Even if it isn't sold I still think Billy foots the bill so they can do the show but the more money he puts in TNA the more complicated the sale is going to be between Dixie and him. Man I don't think Corgan would be stupid enough to spend more money in the company after everything that happened.
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Post by Captain Stud Muffin (BLM) on Sept 19, 2016 21:20:21 GMT -5
Even if it isn't sold I still think Billy foots the bill so they can do the show but the more money he puts in TNA the more complicated the sale is going to be between Dixie and him. Man I don't think Corgan would be stupid enough to spend more money in the company after everything that happened. You would think so but yet he wants to buy the company. Now if they start bullshitting him that's a different story but he seems serious about his attempts.
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Deleted
Deleted Member
Posts: 0
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Post by Deleted on Sept 19, 2016 21:25:31 GMT -5
There's no point in buying TNA. Just let it die and try to get the better wrestler for Resistance Pro. That company has a chance because it doesn't have a terrible rep and owe large amounts of money.
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Post by OVO 40 hunched over like he 80 on Sept 19, 2016 21:28:15 GMT -5
Man I don't think Corgan would be stupid enough to spend more money in the company after everything that happened. You would think so but yet he wants to buy the company. Now if they start bullshitting him that's a different story but he seems serious about his attempts. But they already bullshitted him. I don't think it's a coincidence that he made it public that it has been complicated trying to buy tna. I think Dixie lied to him regarding the ownership.
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Post by Captain Stud Muffin (BLM) on Sept 19, 2016 21:30:44 GMT -5
You would think so but yet he wants to buy the company. Now if they start bullshitting him that's a different story but he seems serious about his attempts. But they already bullshitted him. I don't think it's a coincidence that he made it public that it has been complicated trying to buy tna. I think Dixie lied to him regarding the ownership. While true however, he hasn't stated that he's lost interest in buying TNA only that it is "complicated".
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Glitch
King Koopa
Not Going To Die; Childs, we're goin' out to give Blair the test. If he tries to make it back here and we're not with him... burn him.
Watching you.
Posts: 12,722
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Post by Glitch on Sept 25, 2016 22:12:39 GMT -5
So how is he at running businesses? If he can buy tna and actually pay everybody on time, I'd be okay with the company continuing to exist. I've heard he takes concussion prevention in wrestling very seriously. So I wouldn't see him running things so bad.(minus the story lines.)
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Post by OVO 40 hunched over like he 80 on Sept 25, 2016 23:09:09 GMT -5
So how is he at running businesses? If he can buy tna and actually pay everybody on time, I'd be okay with the company continuing to exist. I've heard he takes concussion prevention in wrestling very seriously. So I wouldn't see him running things so bad.(minus the story lines.) Well I don't think he's that better than Dixie seeing that he owns a piece of it and a report came out where it said that the production people still hadn't been paid. I don't have high hopes on him being a good wrestler promoter, it's something he has no experience off and he could be worked by Gaburick or Bob Ryder and not being told the truth.
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Post by 01010010 01101001 01100011 on Sept 25, 2016 23:45:11 GMT -5
So how is he at running businesses? If he can buy tna and actually pay everybody on time, I'd be okay with the company continuing to exist. I've heard he takes concussion prevention in wrestling very seriously. So I wouldn't see him running things so bad.(minus the story lines.) Well I don't think he's that better than Dixie seeing that he owns a piece of it and a report came out where it said that the production people still hadn't been paid. I don't have high hopes on him being a good wrestler promoter, it's something he has no experience off and he could be worked by Gaburick or Bob Ryder and not being told the truth. Production is all on Aerolux. And to give Billy some credit, he knew when he smelled a rat with Resistance Pro and got out. We make jokes about him getting into TNA but judging by what he's said, he's not going into this blind. He's got money invested for sure but that seems to be him limit since he is looking for investors to join with him in taking it over when he could easily buy it himself.
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Post by OVO 40 hunched over like he 80 on Sept 25, 2016 23:57:30 GMT -5
Well I don't think he's that better than Dixie seeing that he owns a piece of it and a report came out where it said that the production people still hadn't been paid. I don't have high hopes on him being a good wrestler promoter, it's something he has no experience off and he could be worked by Gaburick or Bob Ryder and not being told the truth. Production is all on Aerolux. And to give Billy some credit, he knew when he smelled a rat with Resistance Pro and got out. We make jokes about him getting into TNA but judging by what he's said, he's not going into this blind. He's got money invested for sure but that seems to be him limit since he is looking for investors to join with him in taking it over when he could easily buy it himself. I don't know man, before buying the wwe Vince earned experience running shitty territories. Gabe Sapolsky started as Heyman's protege and has been in the business for over more than 20 years. It's a really really tough business, most people who become promoters end up failing no matter if they got experience (Cornette and Heyman) or money (Dixie). I don't think Corgan knows what's he's getting himself into.
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Post by 01010010 01101001 01100011 on Sept 26, 2016 0:02:38 GMT -5
Production is all on Aerolux. And to give Billy some credit, he knew when he smelled a rat with Resistance Pro and got out. We make jokes about him getting into TNA but judging by what he's said, he's not going into this blind. He's got money invested for sure but that seems to be him limit since he is looking for investors to join with him in taking it over when he could easily buy it himself. I don't know man, before buying the wwe Vince earned experience running shitty territories. Gabe Sapolsky started as Heyman's protege and has been in the business for over more than 20 years. It's a really really tough business, most people who become promoters end up failing no matter if they got experience (Cornette and Heyman) or money (Dixie). I don't think Corgan knows what's he's getting himself into. Corgan was around ECW more than most know and had Resistance Pro, which he tried to get on TV before getting out. He's got the experience. He may not get TNA or succeed in turning it into a WWE like machine (if it is even his goal) if he does get it but I think he can at least navigate the waters.
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Post by OVO 40 hunched over like he 80 on Sept 26, 2016 0:09:14 GMT -5
I don't know man, before buying the wwe Vince earned experience running shitty territories. Gabe Sapolsky started as Heyman's protege and has been in the business for over more than 20 years. It's a really really tough business, most people who become promoters end up failing no matter if they got experience (Cornette and Heyman) or money (Dixie). I don't think Corgan knows what's he's getting himself into. Corgan was around ECW more than most know and had Resistance Pro, which he tried to get on TV before getting out. He's got the experience. He may not get TNA or succeed in turning it into a WWE like machine (if it is even his goal) if he does get it but I think he can at least navigate the waters. I Thought that he only appeared once in ECW, also that Heyman tries to con him to buy a piece of the company., I also never got his role in resistance pro, was he the owner or just booker? Here's why I think he won't be able to navigate the waters. The man books himself to appear in tv and cut promos despite the fact that he's the worst personality in wrestling and his promos come across as cringe worthy. If he was serious about being a promoter he wouldn't put himself in tv in the first place and run viewers away. Also in my opinion the usual flunkies, Gaburick and Helms, probably told him that he was a natural on screen. In my opinion Corgan is nothing more than a money mark, only time will tell if he's serious about drawing money or just want to play wrestling manager on tv.
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Post by 01010010 01101001 01100011 on Sept 26, 2016 0:16:58 GMT -5
Corgan was around ECW more than most know and had Resistance Pro, which he tried to get on TV before getting out. He's got the experience. He may not get TNA or succeed in turning it into a WWE like machine (if it is even his goal) if he does get it but I think he can at least navigate the waters. I Thought that he only appeared once in ECW, also that Heyman tries to con him to buy a piece of the company., I also never got his role in resistance pro, was he the owner or just booker? Here's why I think he won't be able to navigate the waters. The man books himself to appear in tv and cut promos despite that he's the worst personality in wrestling and his promos come across as cringe worthy. If he was serious about being a promoter he wouldn't put himself in tv in the first place and run viewers away. Also in my opinion the usual flunkies, Gaburick and Helms, probably told him that he was a natural on screen. In my opinion Corgan is nothing more than a money mark, only time will tell if he's serious about drawing money or just want to play wrestling manager on tv. He was on the show a couple of times I think but not much. He was at a lot of the shows though and that is what led to Heyman trying to sell him 10% for $1million. For Resistance, I believe he was a promoter, face of the company and booker, someone else had the money. When the AMC show fell through, something happened backstage and Billy got out. They ran a show or two after he left I think but had nothing to it. I do think there is a bit of the old "Get the money mark on TV and they'll keep it alive" on TNA's end (which I can honestly see Dixie wondering why they never did it to her) but I also think there is a bit of "Billy is famous and can get us some publicity" on his end. He doesn't need TNA to be famous or in wrestling which is why I think he's more in it to help TNA than anything else.
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Post by OVO 40 hunched over like he 80 on Sept 26, 2016 0:25:54 GMT -5
I Thought that he only appeared once in ECW, also that Heyman tries to con him to buy a piece of the company., I also never got his role in resistance pro, was he the owner or just booker? Here's why I think he won't be able to navigate the waters. The man books himself to appear in tv and cut promos despite that he's the worst personality in wrestling and his promos come across as cringe worthy. If he was serious about being a promoter he wouldn't put himself in tv in the first place and run viewers away. Also in my opinion the usual flunkies, Gaburick and Helms, probably told him that he was a natural on screen. In my opinion Corgan is nothing more than a money mark, only time will tell if he's serious about drawing money or just want to play wrestling manager on tv. He was on the show a couple of times I think but not much. He was at a lot of the shows though and that is what led to Heyman trying to sell him 10% for $1million. For Resistance, I believe he was a promoter, face of the company and booker, someone else had the money. When the AMC show fell through, something happened backstage and Billy got out. They ran a show or two after he left I think but had nothing to it. I do think there is a bit of the old "Get the money mark on TV and they'll keep it alive" on TNA's end (which I can honestly see Dixie wondering why they never did it to her) but I also think there is a bit of "Billy is famous and can get us some publicity" on his end. He doesn't need TNA to be famous or in wrestling which is why I think he's more in it to help TNA than anything else. I don't think Billy would be using TNA to be famous, I think he's living a fantasy of being a wrestling character. To me it's like Michael Jordan trying to be a baseball player or Punk being an mma fighter. They surround themselves with yes men who only tell them what they want to hear and convince them that they're doing great when they're not. I just hope that Billy becomes everything Dixie was not, an honest promoter who actually paid the talent on time.
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wankah
Don Corleone
Posts: 1,388
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Post by wankah on Sept 26, 2016 13:37:21 GMT -5
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Post by KAMALARAMBO: BOOMSHAKALAKA!!! on Sept 26, 2016 13:41:54 GMT -5
I can't believe the news for Impact is so slow a thread about Billy Corgan getting some hookers is still on page 1.
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Post by Andy Martin on Sept 26, 2016 14:49:27 GMT -5
You can throw in a 4th owner as it is revealed in a NYT article in Billy Corgan that the Fight Network owns the worldwide rights to the TNA library. And John Pollock isn't giving them up for ANYTHING!
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Post by OVO 40 hunched over like he 80 on Sept 26, 2016 15:08:36 GMT -5
"Many times in the past, TNA has made the mistake of bringing in WWE people to sort of create a buzz that didn't sustain," Corgan said. "But success is building a culture that is distinctly your own, with your own identifiable signature. If everything you do doesn't feed into that, you are making a big mistake that history shows does not work."
.......THEN WHY SIGN DAMIEN SANDOW AND HAVE CODY RHODES APPEAR YOU f***ING IDIOT!!!
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