WWE Ramping Up Interest In Buying TNA As Time Is Running Out On Company, WWE's Plans For TNA

Last week we reported on a New York Daily News story stating that WWE had recently put in an offer to purchase the struggle TNA wrestling company. It was noted that WWE was among a few interested parties that were trying to buy TNA, including Sinclair Broadcasting, which owns Ring of Honor (ROH), and Smashing Pumpkins frontman Billy Corgan.

While it may have been expected that talks and negotiations would go on for several weeks before anything concrete came to fruition, it appears TNA is running out of time to sell.

Dave Meltzer said on Wrestling Observer Radio that there was still no deal for Billy Corgan to purchase the company and WWE was back in the picture as a serious bidder. The time is ticking on Corgan as he needs to make a deal to fund this Sunday's Bound For Glory pay-per-view and next week's TV tapings.

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During a recent appearance on ESPN , Corgan said that a purchase of the company could take several weeks but Meltzer indicated that a deal needs to be made before Friday as it's the last business day before Sunday's TNA pay-per-view event.

As for WWE's plans for TNA if they indeed buy the company, don't expect to see WWE do anything incredible with the brand. It is expected that WWE plans to buy TNA mainly for the tape library and would keep a few wrestlers, much like they did when they purchased WCW, but the company (TNA) would be done.

It will be interesting to see how the week plays out but it appears WWE are major players in the TNA sale.

UPDATE: According to PWInsider and several reports Dixie Carter has been in talks with WWE, having several conversations with them over the past week, about selling her majority share in TNA.