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TNA Moving Ahead with Bound for Glory and Tapings as Planned

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As previously noted several times over the past few days, Impact Ventures has been in need of a monetary miracle for weeks. Rumors arose around Wednesday that TNA was cancelling talent flights to Florida, and needed to sell a majority stake in the company in order to finance the weekend’s biggest pay-per-view of the year, Bound for Glory. TNA also has six days worth of television tapings scheduled through Saturday that also need to be financed as soon as possible.

According to a report by the New York Post, an “unidentified third party” helped pay production costs so that events could move forward as previousy scheduled. Billy Corgan seems somewhat confused by the situation, and was quoted with only: “It’s a go, as far as I’ve been told.”

The New York Post noted, however, that nothing has changed in terms of company ownership. This last-minute bail-out is seen as something of a band-aid, and will not help the promotion sustain itself on a long term basis. According to reports both in and around the company, WWE is still involved with negotiations at this point. As previously mentioned, WWE will more than likely wait for the last possible moment and try to buy the company’s tape library for a fraction of the original asking price.

Dixie Carter continues onward as her company’s biggest cheerleader and advocate, tweeting the following about tomorrow night’s show:

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