Pro-wrestling circuit Impact Ventures, allegedly, secured enough cash Friday to proceed with TNA’s biggest pay per view of the year “Bound for Glory” — according to Impact president and Smashing Pumpkins front man Billy Corgan.
“It’s a go, as far as I’ve been told” Corgan has been quoted saying.
The cash-strapped producer of TNA Wrestling and Impact Wrestling — a minor-league version of WWE — kept fans guessing until Friday afternoon on whether the PPV event would be broadcast live on Sunday.
The wrestling organization spent much of the week negotiating with WWE and Corgan for a cash infusion to pay for “BFG,” sources said, but sources speculated the actual advance came from neither of those two but from an unidentified third party.
WWE and Corgan are expected to resume talks about a change in Impact ownership after the weekend’s broadcast, sources said.
If Vince McMahon’s WWE reaches an agreement with Impact chairwoman and majority-owner Dixie Carter, it will likely grab the video library and then shut down its 12-year-old rival, sources said. But if majority ownership goes to Corgan, who already has a minority stake in Impact, the Nashville-based organization would remain an independent competitor.
“No doors were closed,” said a source familiar with the matter.
So for now all we know is TNA is going ahead with Bound for Glory, but the future of TNA and Impact Wrestling continues to cause confusion.
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