TNA, Bound For Glory, Facing Possible Cancellation As WWE Seeks Ownership

TNA seems to have spent much of its existence on and off the brink of extinction. But with its biggest pay-per-view of the year just days away, the promotion’s impending doom has never been more imminent.

As TNA seeks new ownership, with WWE among a handful of interested parties, the possibility of Bound For Glory actually airing is coming down to a dramatic photo finish. Flights for the show, in addition to matches for next week’s round of Impact tapings, have reportedly been canceled as TNA scrambles to generate funds for survival.

As tension rises throughout the embattled promotion, there is a very real possibility that not only will Bound For Glory be cancelled, but TNA as we know it will be no more.

Finalizing some sort of sale is TNA’s only hope to earn yet another new lease on life. Last month, Dixie Carterquietly exited the only wrestling promotion to pose any semblance of a threat to WWE in the postwar era. As the current majority owner, with 70% of the stock, she’ll bemaking the decision on who gets the company.

The best-case-scenario points to Smashing Pumpkins frontman and current President Billy Corgan becoming the majority owner. It is estimated that TNA could be worth anywhere from $4 million to $40 million, with most insiders leaning toward the former.