If Corgan Put ALL of His $50 Million Into TNA?

[KAMALARAMBO: BOOMSHAKALAKA!!!]

That is his estimated net worth according to the esteemed website, metalinjection.net

What would it get spent on? How far could the company actually go? What cardboard box would Billy sleep in afterward?

[Deleted]

Who wants honey
As long as there's some money
Who wants that honey?

[Deleted]

[A Platypus Rave]

Well he'd be homeless... and have no possessions... and his musical rights...

but he'd have a wrestling company with a toxic brand!

[CATCH_US IS the Conversation]

He should invest a good amount of money into the company, but why would anyone invest their entire net worth into anything?

[Ted Sheckler]

50 million is huge money if you're an average joe but for a company like TNA that spends millions a year with little return it'd simply be money to keep the brand going for a few more years. I could see him topping up some contracts of the top guys and paying them a little more, potentially bringing in a few big name WWE cast offs (Such as Del Rio and any other midcard/main event releases) and then a few failed tours of India (Which TNA is allegedly contracted to do yearly) and covering other costs to save TNA would quickly bankrupt the man.

Thankfully Corgan isn't that stupid and will probably be gone in a year or two when he realises that TNA is unlikely to ever break even let alone make profit.

[Push R Truth]

[lionheart21]

Sept 13, 2016 18:04:41 GMT -5 CATCH_US IS the Conversation said:

He should invest a good amount of money into the company, but why would anyone invest their entire net worth into anything?

Unless Corgan has an idea of how much of a profit that they can make under his ownership, he should do no such thing. Even before their issues, TNA struggled to just break even, let alone draw a profit. If a corporation like Panda Energy wasn't willing to give Dixie anymore money due to the risk, why should Corgan?

[r.]

Just a small note, Net worth =/= Actual spending money worth

[OVO 40 hunched over like he 80]

This is 2016 Billy Corgan

This is 2017 Billy Corgan with tna underneath a bridge

[This Player Hating Mothman]

If nobody in TNA has even the slightest f***ing clue how to draw a dime and can't turn any of its customers into paying ones then it really doesn't f***ing matter, and Corgan is an idiot for putting a dime into the company. "You need to spend money to make money" is true, but you also need to have some way to make money. Right now, they're spinning their wheels and scumming off of TV deals that are slowly going to keep dying out. Artificially keeping the money afloat won't mean anything if they don't turn around, and turning around means selling tickets, something that TNA has proven it can't even do.

[Kevin Hamilton]

[Captain Stud Muffin (BLM)]

[jimmyjames]

He'd be the second dumbest man alive, right behind James Storm.

[Reflecto]

Sept 13, 2016 20:17:55 GMT -5 This Player Hating Mothman said:

If nobody in TNA has even the slightest f***ing clue how to draw a dime and can't turn any of its customers into paying ones then it really doesn't f***ing matter, and Corgan is an idiot for putting a dime into the company. "You need to spend money to make money" is true, but you also need to have some way to make money. Right now, they're spinning their wheels and scumming off of TV deals that are slowly going to keep dying out. Artificially keeping the money afloat won't mean anything if they don't turn around, and turning around means selling tickets, something that TNA has proven it can't even do.

That's really the biggest catch-22 of TNA right now.

The only way TNA can make money is by touring (or at least going to a place they can sell tickets to shows), but they don't have the money to tour (and "TNA starting to tour" did as much damage to the company as Hogan/Bischoff did to put them in this predicament in the first place").

Even with Corgan having some benefits (even if he's coming from the music industry, the biggest things of "getting connections to smaller venues that may look more interesting/be cheaper" and "ADVERTISE THE SHOWS!" would be a large portion of TNA's biggest weaknesses)- there is that problem at best, and at worst...it proves the one benefit Billy Corgan brings to the table is- even if Revolution Pro was questionable, Corgan already knows that rule 1 of running a wrestling promotion is "YOU WILL LOSE MONEY. PERIOD.", and can adjust for this to 'try and lose money as slowly as possible.'

[Mayonnaise]

He may be close to a large chunk of that. I was listening to some stuff from last week and it was said that Corgan has put several million dollars into TNA, north of 5, possibly closer to 10. This is the same guy that refused to spend a million for a chunk of ECW in 98/99, dropping 5 to 10 on TNA. There has to be a huge offer on the table from WWE for that library.

[OVO 40 hunched over like he 80]

Sept 13, 2016 23:54:18 GMT -5 Mayonnaise said:

He may be close to a large chunk of that. I was listening to some stuff from last week and it was said that Corgan has put several million dollars into TNA, north of 5, possibly closer to 10. This is the same guy that refused to spend a million for a chunk of ECW in 98/99, dropping 5 to 10 on TNA. There has to be a huge offer on the table from WWE for that library.

Man ten millions thrown away. And all of this strikes me as just a vanity project for him. He doesn't strike me as a smart wrestling promoter that wants to make money, in my opinion he just wants a tv show where he can play a wrestling character each week. He's the new version of Herb Abrams, only difference is that Herb had a better talent roster than Corgan.

[Captain Stud Muffin (BLM)]

Sept 13, 2016 23:54:18 GMT -5 Mayonnaise said:

He may be close to a large chunk of that. I was listening to some stuff from last week and it was said that Corgan has put several million dollars into TNA, north of 5, possibly closer to 10. This is the same guy that refused to spend a million for a chunk of ECW in 98/99, dropping 5 to 10 on TNA. There has to be a huge offer on the table from WWE for that library.

10 million really? This reeks of something fishy. He has to have a backup plan doesn't he? Hell 10 million could of bought you the damn company from jump.

[Captain Stud Muffin (BLM)]

Sept 14, 2016 0:14:36 GMT -5 OVO 40 hunched over like he 80 said:

Sept 13, 2016 23:54:18 GMT -5 Mayonnaise said:

He may be close to a large chunk of that. I was listening to some stuff from last week and it was said that Corgan has put several million dollars into TNA, north of 5, possibly closer to 10. This is the same guy that refused to spend a million for a chunk of ECW in 98/99, dropping 5 to 10 on TNA. There has to be a huge offer on the table from WWE for that library.

Man ten millions thrown away. And all of this strikes me as just a vanity project for him. He doesn't strike me as a smart wrestling promoter that wants to make money, in my opinion he just wants a tv show where he can play a wrestling character each week. He's the new version of Herb Abrams, only difference is that Herb had a better talent roster than Corgan.

Billy may be crazy when it comes to his image and music but I thought he would at least be a pretty good business man considering how long he has held on to his money.

This is the definition of a sunk cost if I've ever seen it. If anybody on these boards ever takes Economics in college and they bring up sunk cost you have your example right here

[Mayonnaise]

Sept 14, 2016 0:16:26 GMT -5 Captain Stud Muffin (BLM) said:

Sept 13, 2016 23:54:18 GMT -5 Mayonnaise said:

He may be close to a large chunk of that. I was listening to some stuff from last week and it was said that Corgan has put several million dollars into TNA, north of 5, possibly closer to 10. This is the same guy that refused to spend a million for a chunk of ECW in 98/99, dropping 5 to 10 on TNA. There has to be a huge offer on the table from WWE for that library.

10 million really? This reeks of something fishy. He has to have a backup plan doesn't he? Hell 10 million could of bought you the damn company from jump.

There is a lot of money in TNA, if they aren't running shows.

14 years of weekly TV and PPVs, most in HD featuring AJ Styles, Bobby Roode, Samoa Joe, Sting, Hulk Hogan, Kurt Angle and so on. WWE would be all over that with the Network. Plus all the trademarks and music that come with it.

Talent contracts

Merch and other items that can be sold like pieces of the ring, sets, ring skirts and props.

TV contracts (Jeff Jarrett or Aerolux)

God knows what else there is. I don't know if they own the WWA stuff or not. Even if he wants to keep it running, I don't think in the right hands TNA is a killer. Dixie let it get this way based on her ego and desire to try and get more fame off being a woman in charge of a wrestling company, I don't think Billy is that ego driven, yet.