"I have heard from a second hand source who is close to a key figure in the rumored TNA Wrestling sales discussions who has verified that Smashing Pumpkins frontman Billy Corgan is far along in his talks to purchase the company. This source went as far to say that he believes it is a "done deal" that Corgan will buy TNA, though the source didn't know what percentage Corgan will be purchasing or the specifics of the deal. The source also says that Corgan has recently made a connection to somebody very wealthy, though it is not known if this party would have anything to do with the deal."
Again, take this for what it's worth as we can't confirm the above. A "done deal" seems a little far fetched at this point but we shall see.
UPDATE x 5: Lou D'Angeli has confirmed that Smashing Pumpkins frontman Billy Corgan is interested in buying TNA. D'Angeli, who worked in WWE's front offices and is a close friend of Corgan's posted the following to his Twitter:
Yes! From what I understand @billy is in negotiations to buy @IMPACTWRESTLING! I don't know anything else but he was in Nashville last week!
— Lou DAngeli ? (@LDAngeli) November 2, 2013
Is @billy set on buying @IMPACTWRESTLING??? I know he is pretty serious in at least partial, if not, majority ownership. #TNA
— Lou DAngeli ? (@LDAngeli) November 3, 2013
UPDATE x 4: eWrestlingNews.com writer Matt Boone has added an excellent feature that looks at the Billy Corgan/TNA sale rumors, as well as Corgan's history in the pro wrestling business.
You can read the new Corgan feature at the following eWrestlingNews.com link: 1979 To 2013 -- Is Billy Corgan Going To Buy TNA?
UPDATE x 3: The identity of a potential buyer who is reportedly interested about buying TNA is Billy Corgan, best known as the frontman of the Smashing Pumpkins.
Corgan is a wrestling fan, and he previously was behind the indy wrestling promotion Resistance Pro Wrestling. A current TNA wrestler and two former workers are said to have verified that Corgan's name is making the circles behind the scenes in TNA. The current details point to Corgan being a potential candidate.
Jeff Jarrett: "Jeff has gotten together a few individuals who could possibly fund the buying of TNA. He's been good with getting investors in the past, see Ring Ka King and he's one of the few guys who can find the finance for projects. We don't know what the company is earning right now, so Jeff is trying to assess the weaknesses, how to run the business and has been on the sidelines looking in. Back when Jeff ran the company before, we hardly heard of any issues with money or payouts. Jeff is the better solution right now."
Dixie Carter: "Dixie has no real involvement in this sale. She might at this point only be a on-air talent right now, as i've not heard of anything involving her backstage."
Mystery Celebrity: ""The third, is someone I can't mention by name, but this is the kind of person who does have money. It could be a step down for them, and its probably not a great company for them to marry up to. Their "Wrestling IQ" is that of someone who knows enough to be 'dangerous'. I use the word 'celebrity' lightly here."
NOTE FROM RYAN CLARK: We're not sure why Court can't mention the name but my exclusive source tells me it's one of two names. The first is country singer John Rich and the second is Billy Corgan from The Smashing Pumpkins. Neither of these "celebrities" are confirmed and are only rumored as of this writing.
Spike TV: "Would Spike be interested in this? That would be my choice. But you have to look at Bellator and that wasn't a great investment. I don't know what TNA would be worth, but lets look at what WCW went for. Speaking of which, what about Vince & WWE? It would be counter productive. What does it do for the industry?...