Offer To Purchase TNA Withdrawn !!!!

[Guest nokia]

This is "all over" the newssites, so i'm not sure which to credit

 

"From the Office of Dave Nelson.

 

THE NELSON CORPORATION AND PARTNERS PULL TNA OFFER

 

As of Noon on May 31, 2005, the offer to purchase TNA Wrestling from Panda has been withdrawn. The 10 Million dollar offer has been retracted as the deadline has passed and no response was given. We feel that more then adequate time was given for Panda Energy to respond and at this time will move forward with the start of a new Wrestling Company to kick off in early Fall of this year.

 

We recognize the fact that TNA has lost the deal with WGN and currently has no Television Deal to carry the company except for the Pay Per Views they do monthly which do not clear enough revenue to keep the company afloat.

 

We are aware that there could be a possible deal with Spike down the road, but with the current deal that was in the works with Spike it would not benefit the company in a long term Network deal, and it would prove fatal to TNA to make a deal that is contingent on ratings.

We do wish TNA the very best and hope that there will be a light at the end of the tunnel, but it would appear that TNA has a rough road ahead.

 

Now on the NWA Ohio side, we will move forward in the next few months with the announcement of the next big company, and will at that time disclose the names of the two wrestling figures backing Dave Nelson and his venture to build yet another Federation here in North America, and open a new avenue for professional wrestling today. Together with Old School and new age wrestling, we will design a product that offers the best of both worlds, tradition and Extreme wrestling, offering good story lines, and well maintained Events that come to small towns and big cities alike, to bring the fans a show that gets up close and personal like no other company has yet to offer.

A new beginning, and a Fresh product for the people who matter most, YOU THE FANS.....

 

Thank you, Dave Nelson, CEO"

 

- And of cource here's an update from pwinsider.com

 

"In a statement posted on his website today, NWA Ohio's Dave Nelson announced that he was pulling his $10 million bid to purchase TNA as he had not heard back from the company. Nelson also claimed that TNA had "lost" their TV deal with WGN and that a "potential deal" with Spike TV would not be structured in a way to benefit the company.

 

In speaking this afternoon with a representative of WGN I was told that, "Negotiations are ongoing, although a contract has yet to be signed." The representative I spoke to stated that any report that implied negotiations had ended was "absolutely incorrect." A Spike TV spokesperson declined to comment on the status of any negotiations.

 

For what it's worth, I am told by several sources that Nelson was never taken seriously by the company, especially once talent he brought in for tryouts prior to an Impact! taping did very poorly. Nelson, who was considered to be aligned with Jerry Jarrett politically, also did himself no favors when he arrived at TNA events with an NWA logo emblazoned across the hood of his car and began posting statements on his website. At this point, it will be interesting to see what comes of Nelson's claims on his website that, "...at this time will move forward with the start of a new Wrestling Company to kick off in early Fall of this year"

Edited June 1, 2005 by nokia

[Astro101 0]

Heh, looks like someone was mad that TNA wasn't listening at his offers...

[Guest Desperate Housewife]

Lets hope the promotion dies a quick death and be done with it

[RedJed 0]

Lets hope the promotion dies a quick death and be done with it

<{POST_SNAPBACK}>

 

Yeah lets hope they die a quick death even though they have the most promising booking committee right now and the old shits like DDP and Nash have been thrown to the side, making room for more talent to shine on a higher plateau.

 

Yeah lets hope they die a quick death because Panda was smart and DIDNT even hardly acknowledge this fuckstick's proposal, who, might I add, is the guy along with Jim Duggan that is ALIGNED with the Jarretts.

 

Yeah lets hope they die a quick death but not have an open mind that maybe, just MAYBE, Panda has taken notice of the past and learned from the mistakes and is now the moving force in this company, NOT the Jarretts, which means things are on the upswing.

 

Yeah lets hope they die a quick death just basically because Jeff Jarrett is a part of the company, yeah yeah yeah!!

 

Give a fucking break already with this - we get it, you think TNA is worthless. I hear ya that Jarrett has fucked up the company's past, but you are like the ultimate cynic - not even giving TNA a chance when they deserve it at times like these. Such blinded negativity is ridiculous.

[Placebo Effect 0]

Lets hope the promotion dies a quick death and be done with it

<{POST_SNAPBACK}>

 

STOP COMING TO THIS FORUM

[Dangerous A 0]

From the Observer website...

 

--Dave Nelson posted on his NWA Ohio website that his group has pulled out of negotiations to buy TNA yesterday when Panda Energy turned down the latest falling offer of $10 million. He claims they will start a new promotion in the fall. The key is Nelson said that the WGN deal with TNA has fallen through, which was the rumor going all day yesterday. However, that story is not true. What we've managed to ascertain is negotiations between the sides are continuing, but it is doubtful anything will be finished this week. There are a lot of negatives from a TNA side to the deal as it is currently done, but TNA officials were hopeful of a deal being completed next week. Still, having been around wrestling, "we hope to make an announcement next week" usually turns out to be overly optimistic. Even people in a need to know basis in TNA don't know this, but inside the office yesterday, there were mixed signals. One person said they couldn't believe on something so big the office was kayfabing them. Jeff Jarrett was saying the story isn't as bad as it sounds, although Jeff may wind up aligned with Nelson. Nelson also posted the possible deal with Spike couldn't benefit the company and would prove fatal to them.

[RedJed 0]

My first thought (if its true that the Jarretts are aligned apparently with this guy) when I heard this guy talk about a new wrestling company in the fall is that I could easily see the Jarretts leaving TNA and starting up a new company with this guy.

Edited June 1, 2005 by RedJed

[Guest Desperate Housewife]

Great....spread the virus somewhere else.

 

My issue with this promotion is the fact that the bookers, i.e. Jarrett, have had, assembled some of the best talent in North America, and pissed it away.

 

You're telling me they couldn't do anything with Alex Shelley and CM Punk?

 

 

And if you're pissed off with me giving TNA grief, in the TNA forum, some people need to take a long, hard look at the WWE Forum, especially when the WWE tv is nine billion times better than TNA (and thats just Smackdown) and still gets no end of grief.

[Vyce 0]

My first thought (if its true that the Jarretts are aligned apparently with this guy) when I heard this guy talk about a new wrestling company in the fall is that I could easily see the Jarretts leaving TNA and starting up a new company with this guy.

<{POST_SNAPBACK}>

 

This would possibly be the best thing to happen to TNA. Without having the albatross from around their neck, they might have the opportunity to break through and become....well, not a contender with the WWE, but a potentially more successful promotion.

 

Honestly, though, 10 million? Way to lowball it. Even Vince would probably pay more money than that for the company.

[RedJed 0]

Great....spread the virus somewhere else.

 

My issue with this promotion is the fact that the bookers, i.e. Jarrett, have had, assembled some of the best talent in North America, and pissed it away.

 

You're telling me they couldn't do anything with Alex Shelley and CM Punk?

 

 

And if you're pissed off with me giving TNA grief, in the TNA forum, some people need to take a long, hard look at the WWE Forum, especially when the WWE tv is nine billion times better than TNA (and thats just Smackdown) and still gets no end of grief.

<{POST_SNAPBACK}>

 

First, this has nothing to do with WWE folder OR even WWE for that matter. If anyone was blatantly negative all the time about the promotion though in ANY folder, you know what, it would be the same thing. It gets old beating a dead horse (you bitching and moaning about Jarrett ALL THE TIME and that Jarrett must equal everything TNA and because of that everything TNA must be by default horrible), especially when you very rarely even back up your comments with anything (I see more closed minded blanket statements from you more than anyone who has ever posted in this forum and that covers a long time) instead of what they have the potential to do OR are currently doing. So you think WWE programming is "nine billion times better" than TNA - thats great and you are entitled to your own opinion. But you have to understand that saying a asinine statement like that shows your ignorance and complete obliviousness to even give the product a chance and/or your biased love for WWE and WWE only. So what are you expecting to get for feedback other than the obvious here? Are you just coming in here to flame or start a flame war? Just trying to give you some perspective on things. I dont come to this board to just make small general statements like "I hope they die fast" - I guess I would think you are around here to get some interesting discussion going (otherwise why the fuck do all of us even post?), and as such by doing what you are doing (being consistently negative), you are making more people likely just tired of coming around here more than anything if they see people not even drawing into anything half decent for topics/conversations when they then see a person continuing to just piss on post after post with no real merit.

 

Few questions - do you actually watch the TNA ppvs and/or did you see the last two weeks of Impact? You're telling me those are "nine billion times worse" than WWE huh? Do you understand that Jarrett is, in fact, at a loss of power currently in TNA? Do you understand he is not the champion anymore and if he had stroke still, he could have kept the title still? Do you understand he is not head booker and dare I say, hardly holds any serious stroke in the company anymore?

 

So they misused Punk, Shelley, and others. WE KNOW THIS. BUT HOPEFULLY IT WONT HAPPEN AGAIN WITH THE COMPANY GOING IN A NEW DIRECTION. Thats not me sticking up for TNA, its just matter of factly - it's stating the obvious and going on and on about it isnt going to make the past any better. So you dont believe in TNA, thats fine - but you make it so clear that even if TNA was flawless at any time or had a good show, you would not be able to accept that. Instead you would find the bad stuff first and foremost and then rail on it with little understanding behind it. It's the typical shit that wrestlers and other naysayers of the IWC bitch about - that people can't ever find the good things about something and instead harbor on the bad. You are clearly making that argument valid if you were considered the example of a wrestling "fan" they are talking about.

 

I guess I look at things like this, when TNA deserves to be shit on, I'm all for it too, but when someone is constantly shitting on TNA or constantly praising them why are you even bothering to post? Acting ridiculously bitter about what TNA has done badly in the past can only go so far and when it has NOTHING to do with this thing about the NWA Ohio not buying TNA (which I would think you'd be thrilled about since that means the Jarretts chances of getting back control of the company is less than likely now) then thats when I have to finally say something about it. Please either add some more open minded substance to your posts or just get out of here.

[RedJed 0]

My first thought (if its true that the Jarretts are aligned apparently with this guy) when I heard this guy talk about a new wrestling company in the fall is that I could easily see the Jarretts leaving TNA and starting up a new company with this guy.

<{POST_SNAPBACK}>

 

This would possibly be the best thing to happen to TNA. Without having the albatross from around their neck, they might have the opportunity to break through and become....well, not a contender with the WWE, but a potentially more successful promotion.

 

Honestly, though, 10 million? Way to lowball it. Even Vince would probably pay more money than that for the company.

<{POST_SNAPBACK}>

 

While I think TNA is on a good direction currently, I agree that having the Jarretts out of the company would be a very good move, eliminating alot of the politics, as alot of the Jarrett supporters within the company (Mantel, Borash, etc) would likely jump ship with him too. Question is who else would leave with him, as it might see some legitimate talent leave with the Jarrett camp if that happens. Its a possibility.

 

Yeah 10 million is slap in the face to Panda considering the amount of funds they have invested in this company. I dont blame them for no-selling the offer.

[Slickster 0]

Yeah 10 million is slap in the face to Panda considering the amount of funds they have invested in this company. I dont blame them for no-selling the offer.

<{POST_SNAPBACK}>

 

Compare how much was put into WCW vs. its selling price.

[Guest BrokenWings]

What did it sell for? I've always heard how low it was, but never an exact figure. Or even an estimate. So, enlighten me.

[Hunter's Torn Quad 0]

About $2.5 million.

[Secret Agent 0]

Well hell, for that price we on the boards could have all probably got together and bought WCW. Damn!

[eirejmcmahon 0]

Does the guy who owns PWInsider still work for TNA ?

[Guest Desperate Housewife]

you bitching and moaning about Jarrett ALL THE TIME and that Jarrett must equal everything TNA and because of that everything TNA must be by default horrible), especially when you very rarely even back up your comments with anything

 

well, Jarrett = TNA, and TNA = TEH Suck, so, yeah.

 

And actually, I do back up my comments, but everyone seems to have nosold the laundry list of complaints against the promotion I deleivered.

 

Few questions - do you actually watch the TNA ppvs and/or did you see the last two weeks of Impact?

 

Yes and no. I'm up to the ALL CAGE, ALL NIGHT PPV. The Wrestling Channel is a few weeks behind.

 

You're telling me those are "nine billion times worse" than WWE huh?

 

 

Road Dogg and K-Kwick And Konnan vs. Buck Quartermain, Lex Lovet and David Young (who, by the way, Dutch Mantel felt he could book the company around) - MAIN EVENT IN ANY ARENA, BRUTHA!

 

Do you understand that Jarrett is, in fact, at a loss of power currently in TNA?

 

Do you understand he is not head booker and dare I say, hardly holds any serious stroke in the company anymore?

 

I'll belive it when I see it

 

Do you understand he is not the champion anymore and if he had stroke still, he could have kept the title still?

 

After he got knocked on his ass by a PROFESSIONAL SHOOTFIGHTER!

 

So they misused Punk, Shelley, and others. WE KNOW THIS. BUT HOPEFULLY IT WONT HAPPEN AGAIN WITH THE COMPANY GOING IN A NEW DIRECTION

 

Main event of Slamiversary PPV.....AJ Styles vs. Jeff Jarrett vs. Abyss vs. Sean Waltman vs. Monty Brown in an indescripherable gimmick match, the exact way they kicked off the FSN run. It's only a new direction if they're going backwards.

 

but you make it so clear that even if TNA was flawless at any time or had a good show, you would not be able to accept that

 

When has any promotion, EVER, been flawless. What an asinine statement designed to provoke a Flame Comment

 

Instead you would find the bad stuff first and foremost and then rail on it with little understanding behind it. It's the typical shit that wrestlers and other naysayers of the IWC bitch about - that people can't ever find the good things about something and instead harbor on the bad

 

Jesus, people fixate on the bad in the WWE, ROH, New Japan, EVERYWHERE!. Not just Jarrett's pet project?

 

And what good things does TNA have? If they were in any way positive, TV Networks would be falling all over themselves to put the show on, and they wouldn't get a lowball offer to sell from a money mark who'd tank the promotion further

 

I'm all for it too, but when someone is constantly shitting on TNA or constantly praising them why are you even bothering to post

 

Here's praise for TNA. Whatever scam they are running to keep Panda pumping money into the company, I admire them for it.

 

Whatever the hell they're putting in the kool-aid to keep talented workers working for them, depsite numerous screwings-over - I admire them for that.

 

I admire them for actually managing to get a TV deal, despite a lunatic approach to booking and running a promotion.

Edited June 2, 2005 by Desperate Housewife

[The Decemberists 0]

If they were in any way positive, TV Networks would be falling all over themselves to put the show on

 

What?

 

Erm, they're a wrestling company, you know? It's not even as if networks were desperate to get the WWE when they leave Spike, never mind an unproven promotion such as TNA.

 

TV networks will never, ever, regardless of who owns, books or wrestles for a promotion 'fall over themselves' to put wrestling on the air because of the stigma of it only being watched by inbred farmers from the South who thinks it's real which means no one wants to advertise on it, which means they can't make money on it.

 

Nitro, when cancelled, was still one of the, if not the, top rated prime time program on the Turner networks, but as it was wrestling they weren't getting in as much advertising revenue which was why it was dropped.

[The Decemberists 0]

About $2.5 million.

<{POST_SNAPBACK}>

 

But there was a bid of $500m from SFX rejected in May 2000, and that was when they were lucky if buyrates got above 0.2. But I'd imagine most of that valuation came from the brand value of WCW and the prime time TV slots which TNA don't have of course.

[Carnival 0]

RedJed - don't try to argue or prove anything to that idiot. She will just continue to spout off nonsense that has nothing to do with anything factual. It's obvious from her posts she doesn't have a clue about what is going on in TNA.

 

Besides this ignore feature works really well.

[Guest MikeJohnson]

No one associated with PWInsider.com has ever worked for or been involved in any aspect of TNA.

 

Mike Johnson

PWInsider.com

[Guest Desperate Housewife]

Uh, ok. A friend did email Dave Scherer a while back and accuse him of that, but thats what he said aswell. Who cares really. There's just a huge raft of ads for the promotion's PPV all over the site and every other promotion gets slagged off, but how and ever.

[Astro101 0]

Does the guy who owns PWInsider still work for TNA ?

<{POST_SNAPBACK}>

 

Are you thinking of 1wrestling?

[Guest Desperate Housewife]

They're all the same.

 

 

 

Here's a question. If TNA does the smart thing, and offloads Jarrett onto Dave Nelson, what happens to the NWA Title, and name, because as I understand it, Jarrett has some sort of rights over the copyrights.

[Guest MikeJohnson]

"Uh, ok. A friend did email Dave Scherer a while back and accuse him of that, but thats what he said aswell. Who cares really. There's just a huge raft of ads for the promotion's PPV all over the site and every other promotion gets slagged off, but how and ever."

 

TNA pays for advertising on the site, same as JAPW, ROH, Hardcore Homecoming and many others. If you'd like an ad for your promotion of choice, I'll be happy to forward you to ad rates.

 

Mike Johnson

[Guest Desperate Housewife]

Oh I could care less about who advertises for your little site. I just find it funny that a site that criticises the WWE regularly, would have ads for TNA plastered all over the place

[Guest MikeJohnson]

"Oh I could care less about who advertises for your little site. I just find it funny that a site that criticises the WWE regularly, would have ads for TNA plastered all over the place"

 

Whether you care or not is invalid, I was correcting your inaccuracies.

 

Mike Johnson

[Carnival 0]

"Oh I could care less about who advertises for your little site. I just find it funny that a site that criticises the WWE regularly, would have ads for TNA plastered all over the place"

 

Whether you care or not is invalid, I was correcting your inaccuracies.

 

Mike Johnson

<{POST_SNAPBACK}>

 

They are better diagnosed as mental defects.

[Guest Desperate Housewife]

Says the guy who believes Jeff Jarrett is a postive force in wrestling

[Carnival 0]

You have chosen to ignore Desperate Housewife. View this post · Un-ignore Desperate Housewife

 

It feels good.

 

I read this thread and was scared that TNA was royally fucked. But it appears this guy is just a bitter bitch. TNA at least still has a one in a million chance!