The TNA Doomsday Clock Thread: 1 Minute to Midnight?

[Ben Wyatt]

Sept 28, 2016 14:34:55 GMT -5 Can you afford to pay me, Gah said:

How can you not have money to run a show Sunday but some how sign Cody and Brandi Rhodes?

We're talking about a company with a history of absolutely moronic financial decision making

[Joe Neglia]

Sept 28, 2016 13:36:36 GMT -5 The Summer of Muskrat XVII said:

Sept 28, 2016 13:32:23 GMT -5 Push R Truth said:

That triggered a lot of old memories

Some terrible, some hilarious.


I'm sure mods are probably having horrible flashbacks.

Didn't it get so out of hand that Mickie/Arby's jokes got banned for quite a while?

Mocking any female due to her physical appearance is not going to fly here.

Sept 28, 2016 13:51:42 GMT -5 Mackenzie Gorn said:

Sept 28, 2016 13:36:36 GMT -5 The Summer of Muskrat XVII said:

Didn't it get so out of hand that Mickie/Arby's jokes got banned for quite a while?

By less than neutral sources.

It was me, stop being cryptic and accusatory. I should note that all went down long before you registered here. I think I need the mods to take a look at something now.

[punk81]

By Mike Johnson on 2016-09-28 15:19:00

Billy Corgan appeared on SiriusXM's "Busted Open" radio show discussing TNA and where things stand for the company this afternoon.

When asked about the potential that Bound for Glory would not take place this Sunday, Corgan said he would be in Orlando "rain or shine" and said that the last three rounds of tapings, he has been the person who agreed to deals that financially floated those PPV/tapings to take place, noting they were deals where the "ink was drying" as he went to the ring. Corgan said that he's done everything in his power to make sure that Bound for Glory takes place from a personal and financial level - noting that he was using money from "his own pile" to attempt to purchase the "majority ownership" of TNA - and that he had put everything in place on his end. He said that at the end of the day, it's not up to him but he would be in Orlando "rain or shine."

Corgan said that the funding is part of the negotiations and the question is, what are the people funding the show getting for their money? Corgan said that where it gets complicated is that it's one thing to fund the company, but it's another to set the company up to be solvent and successful. Corgan said he didn't want to be having the same conversation with Busted Open in three months. Corgan said he has the funds to step forward, but if that means in two months, talents are in the same boat yet again, then what would be the point. Corgan said that all of talents he's spoken with are on board and hopeful he can steer the TNA ship going forward.

Corgan said, "Enough air has gone out of the balloon. It's time to put air back in the balloon and let this thing be what it can be." He said that if they can't remove the black cloud, he can't look the talents in the eye and tell them that now they can work on moving forward and creating everything TNA can be. If he can't be in that position to look Eddie Edwards and Bobby Lashley in the eye and know they are going to do business for the next 20 years together, he won't make a deal.

Corgan also asked that everyone listening to remember that there's a human element of people who perform for the company and those who work behind the scenes who will be greatly effected by what happens to the company and it's important to put them first.

Corgan also noted that he met with Pop TV President Bradley Schwartz last week in Los Angeles and Schwartz was very much on board with TNA and the "culture" Corgan wanted for the company.

Corgan said he wants to build a truly "21st century empire" where people can kick ass.

Dixie Carter was not mentioned by name.

[Captain Stud Muffin (BLM)]

Sept 28, 2016 14:59:51 GMT -5 punk81 said:

By Mike Johnson on 2016-09-28 15:19:00

Billy Corgan appeared on SiriusXM's "Busted Open" radio show discussing TNA and where things stand for the company this afternoon.

When asked about the potential that Bound for Glory would not take place this Sunday, Corgan said he would be in Orlando "rain or shine" and said that the last three rounds of tapings, he has been the person who agreed to deals that financially floated those PPV/tapings to take place, noting they were deals where the "ink was drying" as he went to the ring. Corgan said that he's done everything in his power to make sure that Bound for Glory takes place from a personal and financial level - noting that he was using money from "his own pile" to attempt to purchase the "majority ownership" of TNA - and that he had put everything in place on his end. He said that at the end of the day, it's not up to him but he would be in Orlando "rain or shine."

Corgan said that the funding is part of the negotiations and the question is, what are the people funding the show getting for their money? Corgan said that where it gets complicated is that it's one thing to fund the company, but it's another to set the company up to be solvent and successful. Corgan said he didn't want to be having the same conversation with Busted Open in three months. Corgan said he has the funds to step forward, but if that means in two months, talents are in the same boat yet again, then what would be the point. Corgan said that all of talents he's spoken with are on board and hopeful he can steer the TNA ship going forward.

Corgan said, "Enough air has gone out of the balloon. It's time to put air back in the balloon and let this thing be what it can be." He said that if they can't remove the black cloud, he can't look the talents in the eye and tell them that now they can work on moving forward and creating everything TNA can be. If he can't be in that position to look Eddie Edwards and Bobby Lashley in the eye and know they are going to do business for the next 20 years together, he won't make a deal.

Corgan also asked that everyone listening to remember that there's a human element of people who perform for the company and those who work behind the scenes who will be greatly effected by what happens to the company and it's important to put them first.

Corgan also noted that he met with Pop TV President Bradley Schwartz last week in Los Angeles and Schwartz was very much on board with TNA and the "culture" Corgan wanted for the company.

Corgan said he wants to build a truly "21st century empire" where people can kick ass.

Dixie Carter was not mentioned by name.

So he's no closer to buying TNA than he was when it was announced he was interested.

[OVO 40 hunched over like he 80]

Corgan's heart is in the right place.

But let's be serious, the balloon he's talking about, putting air back in it won't fix the problem, there's a major hole were the air is coming out.

My take from the interview is that he only will put up money if he ends up owning the majority of tna, and I don't see that happening. I applaud the man for not wanting to live month to month with the state the company is in.

[xCompackx]

Sept 28, 2016 15:09:56 GMT -5 Captain Stud Muffin (BLM) said:

Sept 28, 2016 14:59:51 GMT -5 punk81 said:

By Mike Johnson on 2016-09-28 15:19:00

Billy Corgan appeared on SiriusXM's "Busted Open" radio show discussing TNA and where things stand for the company this afternoon.

When asked about the potential that Bound for Glory would not take place this Sunday, Corgan said he would be in Orlando "rain or shine" and said that the last three rounds of tapings, he has been the person who agreed to deals that financially floated those PPV/tapings to take place, noting they were deals where the "ink was drying" as he went to the ring. Corgan said that he's done everything in his power to make sure that Bound for Glory takes place from a personal and financial level - noting that he was using money from "his own pile" to attempt to purchase the "majority ownership" of TNA - and that he had put everything in place on his end. He said that at the end of the day, it's not up to him but he would be in Orlando "rain or shine."

Corgan said that the funding is part of the negotiations and the question is, what are the people funding the show getting for their money? Corgan said that where it gets complicated is that it's one thing to fund the company, but it's another to set the company up to be solvent and successful. Corgan said he didn't want to be having the same conversation with Busted Open in three months. Corgan said he has the funds to step forward, but if that means in two months, talents are in the same boat yet again, then what would be the point. Corgan said that all of talents he's spoken with are on board and hopeful he can steer the TNA ship going forward.

Corgan said, "Enough air has gone out of the balloon. It's time to put air back in the balloon and let this thing be what it can be." He said that if they can't remove the black cloud, he can't look the talents in the eye and tell them that now they can work on moving forward and creating everything TNA can be. If he can't be in that position to look Eddie Edwards and Bobby Lashley in the eye and know they are going to do business for the next 20 years together, he won't make a deal.

Corgan also asked that everyone listening to remember that there's a human element of people who perform for the company and those who work behind the scenes who will be greatly effected by what happens to the company and it's important to put them first.

Corgan also noted that he met with Pop TV President Bradley Schwartz last week in Los Angeles and Schwartz was very much on board with TNA and the "culture" Corgan wanted for the company.

Corgan said he wants to build a truly "21st century empire" where people can kick ass.

Dixie Carter was not mentioned by name.

So he's no closer to buying TNA than he was when it was announced he was interested.

That's definitely what it sounds like to me. Corgan comes off like someone who knows he can't get a deal and feels awful about it.

[J Lee O'Brien]

If we take him at his word, combined with what has been reported already...

This might actually be the end. Not of Dixie's time, but the company on the whole. Especially if he's serious about the "if we're having this conversation again in two months, what's the point?"

[Captain Stud Muffin (BLM)]

Sept 28, 2016 15:12:23 GMT -5 xCompackx said:

Sept 28, 2016 15:09:56 GMT -5 Captain Stud Muffin (BLM) said:

So he's no closer to buying TNA than he was when it was announced he was interested.

That's definitely what it sounds like to me. Corgan comes off like someone who knows he can't get a deal and feels awful about it.

Yea the vibe I'm getting is that he's saying he's doing everything in his power to buy TNA including using his own money but it's out of his hands in regards to them giving him the keys to the kingdom.

[OVO 40 hunched over like he 80]

f*** Dixie conned him.

There's no way Billy can't outbid the WWE. Even if Corgan buys it, he would need to be prepared to lose a lot of money in the first year and I can't see him do that.

[The Summer of Muskrat XVII]

Sept 28, 2016 15:13:51 GMT -5 J Lee O'Brien said:

If we take him at his word, combined with what has been reported already...

This might actually be the end. Not of Dixie's time, but the company on the whole. Especially if he's serious about the "if we're having this conversation again in two months, what's the point?"

See, that's the thing. Unless he has backers who are willing to run in the red for a couple years while they completely re-build, then it's all a futile effort. This can't be fixed in 6 months

[chazraps]

"Put them first."

f***ing pay them. If TNA paid people on time, the vitriol on this level would not exist.

[xCompackx]

I don't even know what the pitch to investors could possibly be. Given that there's no possible chance of competing with WWE, TNA's awful reputation, and massive amount of debt, how the hell would someone get investor backing?

[OVO 40 hunched over like he 80]

Sept 28, 2016 15:26:42 GMT -5 xCompackx said:

I don't even know what the pitch to investors could possibly be. Given that there's no possible chance of competing with WWE, TNA's awful reputation, and massive amount of debt, how the hell would someone get investor backing?

And do it in less than a week.

Who's gonna take a look at TNA's books and want to step in. The same thing happened to ECW, Jimmy Iovine was gonna invest but backed out. And ECW only owed 7.5 million dollars, tna has got to be owing ten times that.

[J Lee O'Brien]

Sept 28, 2016 15:21:11 GMT -5 The Summer of Muskrat XVII said:

Sept 28, 2016 15:13:51 GMT -5 J Lee O'Brien said:

If we take him at his word, combined with what has been reported already...

This might actually be the end. Not of Dixie's time, but the company on the whole. Especially if he's serious about the "if we're having this conversation again in two months, what's the point?"

See, that's the thing. Unless he has backers who are willing to run in the red for a couple years while they completely re-build, then it's all a futile effort. This can't be fixed in 6 months

And if those backers look at the history (under Dixie and Jarrett, granted), plus the lawsuits, and general..."gloom and doom" associated with the company, they'll likely say "Thanks, but no thanks."

Said many times that I'm no TNA defender, but this is kinda sad for the roster and production people. Like, I feel terrible for them.

The executives...I can't say anything nice about right now.

[xCompackx]

It might honestly be better to let WWE purchase the tape libary and then try to get investor support for a new company once TNA dies. If Corgan wants to change the name and all this anyway, it'd probably be a lot cheaper.

[OVO 40 hunched over like he 80]

I wonder what the roster is thinking, even the biggest Dixie defenders, there's the possibility of them going to the show and being told that they're closing shop.

[J Lee O'Brien]

Sept 28, 2016 15:36:18 GMT -5 xCompackx said:

It might honestly be better to let WWE purchase the tape libary and then try to get investor support for a new company once TNA dies. If Corgan wants to change the name and all this anyway, it'd probably be a lot cheaper.

Doubtful, because then there are no TV/Merch/PPV deals, and since he's got the "TNA Stink" on him now, I'm not sure anyone would work with his all-new all-different promotion (save for Pop, but a lone low-tier cable channel likely doesn't add much value)


Edit: If we work off of Eastern Daylight Time, he has approx. two business days and fifteen minutes to get everything in order from time of this edit.

[Gecko]

Sept 27, 2016 16:07:08 GMT -5 ________ has left the building said:

Sept 27, 2016 14:52:53 GMT -5 J Lee O'Brien said:

So...in what feels like under three months, TNA is back at the "Continue?" screen.

This. Company.

I suppose I should really do the version where they find enough change down the back of the sofa to keep things going for a while longer.

[Can you afford to pay me, Gah]

Really at this point if what Corgan is saying he wants to do. Wouldn't be cheaper to just start from scratch at this point? because that what pretty much is going to have to be done anyway as really buying out TNA unless you are the WWE what is the value? If you talk with most of the talent, I'm sure a lot of them will sign with you anyway unless the WWE wants you which Unless you last name is Hardy is unlikely they want you anyway. What TV deals do that have outside of Pop anymore that couldn't be talked into a new deal? I mean starting over yeah money will be lost but is it more money then it would to clear all the debts TNA has? The Merchandise deal is there online shop only. They have no in store product and haven't that is years. Jakks who made the last lines of action figures hasn't done anything with them since 2010.

[Reflecto]

Sept 28, 2016 11:50:28 GMT -5 metylerca said:

TNA is for the kings and most sinister type of fans. The ones who want WWE style without WWE. The one who want WCW around but aren't sure why. Competition isn't the correct word here, as has been evidenced by their attempts at competing.

Their identity is literally "almost WWE"

That's also a problem though. There IS a market for a WCW in the pro wrestling world as an alternative to WWE that gives you the same WWE style, as opposed to the more niche markets of pro wrestling. There CAN be a number two promotion to WWE in the market and work.

It's also the thing all the people who say "Why want TNA to go under and close up more jobs for wrestlers nationally!" need to understand: Not only is there a PLACE in the wrestling market for a WCW-type promotion, there's actually a NECESSARY place in the wrestling market for a WCW- and nature abhors a vacuum.

If you are worried about TNA closing down due to putting the wrestlers out of work, just think back to 2001. WCW was bought by WWF, and there was a vacuum there- only more because ECW, the top "niche" promotion in North America, ALSO got bought by WWF and caused a total monopoly and vacuum for WWF.

The end result in 2001? It wasn't closing up shop for the poor wrestlers. Instead: MECW opened. PWX opened. XWF opened. WWA opened. I'm sure I'm forgetting a few of the failed experiment promotions in 2001-02 and I'm sure one of the other historians can add more to the list- but a lot of other promotions tried to open up with the goal of bringing a WCW-style promotion back to prominence, and that kept going on and on for the next 15 months until TNA opened up and actually took root enough to become that "WCW-style" promotion.

If TNA closes down? I can almost guarantee that the same aftereffect will ripple through the wrestling world as happened in 2001: A bunch of different schysters/conmen will open up promotions trying to be the "new TNA" and rival the WWE- and eventually, one of those promotions will take root enough to thrive...and in all likeliness, that promotion will AT LEAST pay their wrestlers, which TNA couldn't do.