In what could be described as a rumor killing maneuver, the chairwoman of TNA, Dixie Carter has confirmed that their Bound for Glory PPV is going to take place as per schedule.
As seen below, the majority owner of the company revealed the news via a couple of tweets:
It's notable here that the rumor train regarding the financial status of TNA has been running rampant for the past several days and it was said that they could possibly cancel their upcoming PPV as well as the next set of TV tapings due to a lack of finances.
These rumors originally started with a report from Wrestlinginc which claimed that TNA had canceled the flights of some of their talents who were supposed to fly to Florida for the upcoming event.
After the news went viral, many sites noted that the company needed an estimate $600,000 in order to fund the upcoming set of tapings which they were allegedly lacking.
Later, it was reported that TNA officials, mainly Dixie Carter who holds 70% of the stock in the company were considering selling a part if not all of the company's ownership to arrange the funds.
These sites also reported that TNA officials were already in talks with several parties and the company was very much in the process of changing its ownership.
The rumors went as far as saying that even WWE was interested in buying the company mainly for their tape library. In a later interview, the minority owner of TNA, Billy Corgan, also confirmed these speculations.
Although now with the latest reveal from Carter that both the Bound For Glory and Impact tapings are going to take place, it is believed that TNA has been able to secure the funds required for the same.
As of now, the source of these funds has not been revealed. Rumor mills suggest the sources to either be Billy Corgan, who had previously shown interest in buying more TNA stock or Halbert Carter, Dixie's father who has previously helped the company in times of financial peril.