Billy Corgan On TNA's Future Changing This Week, If Bound For Glory Will Happen, Pop TV's Reaction

TNA President Billy Corgan appeared on Busted Open this afternoon to discuss the uncertainty regarding the future of TNA.

Corgan noted that he's been trying to acquire a majority share of TNA. He said that the company has had a "for sale" sign for a long time, saying it could be argued that it's had a "'for sale' sign it's entire existence." He said that he got involved when the company was having some issues and went on to take a bigger role over the past six months. He said that he wants to provide more details about why he's doing what he's doing, but he has legal obligations to not talk about things that would paint him in a more favorable light or to shed light on the complications of the issues at hand.

Corgan said that right now there are a lot of people at the table looking at the company.

"It's reached a point where it's going to have a transformational moment," Corgan said. "Whatever's going to happen this week or this weekend or whatever, is going to for sure – and this is not a wrestling angle – it is definitely going to change the direction of the company forever. Does that mean the company ends, does that mean the company begins a new era? Obviously I am very much on the side and very much invested that the company would continue."

Corgan asked fans to consider all the talent that work for the company and the people who work behind the scenes whose futures are hanging in the balance. He said he's working very hard to acquire a majority share of the company and to keep the company going forward to keep everybody working.

Corgan was asked what Pop TV's commitment is to a new ownership group if he were to take over the company. Corgan said that while he was working on a new album in Los Angeles, he met with the President of Pop TV and the new Vice President of Programming of Pop TV, who gave him a very strong show of support of the company going forward under him. Corgan said that Pop TV are pleased with TNA's growth and the social media reaction to the product.

As for whether Bound For Glory will happen this Sunday as scheduled, Corgan would not give a definitive yes, although he said that he was optimistic that a solution will get worked out by then. Corgan said that he had to step in at the "literally the last minute" for the last three rounds of tapings, so he's used to being in this situation. He said that ultimately it's not up to him, but he's done everything he can to create a scenario to go forward. He said that he's been the financer, and that he has no investors, so he's committed and charging forward on his own initiative.

"Having been through this the last three rounds, I still remain very optimistic that come Sunday I will be standing in the ring putting over what's about to happen," Corgan said. "I will be in Orlando come rain or shine. I can't speak for everybody else at this particular moment, but I will be in Orlando this Sunday."

Source: Busted Open