Home Entertainment Bischoff Talks Possible Sale of TNA

Bischoff Talks Possible Sale of TNA

281
SHARE

On the most recent edition of his Bischoff on Wrestling podcast, Eric Bischoff took the opportunity to comment on the ongoing rumors regarding the potential sale of TNA Wrestling – specifically, what comes to his mind whenever he hears them. Below is what he had to say:

“Chaos. Sheer chaos. I have been reading it like everyone else. I don’t have any inside information. I have to give my disclaimer here: I am currently involved in on-going litigation with TNA. I have to be a little bit judicious and careful about what I say. Anything that I am commenting on are things that are in the public domain, so to speak. The other day I read that somebody put a valuation on TNA of approximately $40 million. I have no idea where that number came from. Valuations when you’re selling a company or trying to get investors or an investor company. One of the hardest things to determine is valuation. Back when I was running WCW, when I was first given the responsibility to oversee WCW, it was a company that was grossing $24 million a year. Unfortunately, it was losing $10 million in the process. Earlier this week someone said, ‘Well, the valuation of TNA is probably two times revenue.’ Well, that valuation works if you’re profitable, but if you’re losing like WCW was, $10 or $14 million a year on $24 million a year in revenue, I guaran-freaking-tee you that company would not have been valued at $40 million.”

SHARE
Previous articleConor Says “They’ll Need an Army To Take The Belts From Me”
Next articleRyback to Fight For Bellator?
Aaron Portier
Highly passionate MMA Journalist, and I've followed the sport ever since my favorite fighter, Vitor Belfort won the heavyweight tournament at UFC 12. After that I've tried to go to every local MMA event around the Gulf Coast and surrounding areas and decided to make it a point to have a career in some aspect in the fighting sport other than fighting in general (didn't want to ruin my face). I'm currently enrolled at Southeastern Louisiana University working towards a degree in Communication. I cover MMA, Boxing and Football for The Daily Star newspaper in my hometown of Hammond, Louisiana, in addition to working as a promotional writer for a local Boxing promotion known as BoxnCar and I cover boxing for 8countnews.com however SciFighting.com is my home. My main goal is to bring more publicity to MMA in my area and to the sport as a whole as all of us involved with the sport are merely scratching the surface and laying the foundation of what mixed martial arts competition will be further down the road.