According to a NY Post, Impact Ventures, the parent company of TNA Wrestling, secured financing from an unnamed source in order to continue ahead for this weekend’s Bound for Glory PPV. From what anyone can tell, the mystery source is not WWE. This will allow TNA to go through with Bound for Glory which could likely be the wrestling promotion’s final show.
The article also says that TNA spent much of the past week negotiating with Billy Corgan as well as WWE and will continue negotiations with both parties to take ownership of TNA Wrestling next week after the Bound for Glory PPV.
While a sale has not happened yet, it is still believed that WWE is in the driver’s seat in terms of taking over the company. WWE is very likely only interested in the video library and perhaps will try to retain a handful of talent, but will shut down operations.