So TNA Sale Talk

Dixie Carter has promised Bound For Glory Will go ahead tonight after speculation all week it wont, a Unidentified party is apparently funding for BFG. But still all tapings are still cancelled and up and coming house shows have been cancelled as they cant afford flights only way it will go ahead is if somebody buys the company sale talks are rumoured to continue after BFG.

There are only 3 parties involved in purchasing TNA that's Billy Corgan , WWE & ROH. Surly one of them are involved in funding them for tonight to go ahead as planed do you really think Vince would just to shut them down let them have there final show. I do think BFG will draw as it could very well be the last ever TNA.

It's Vince McMahon you're talking about of course he would, he's not really interested in TNA,he just wants the library and a couple of talents

Dixie Carter has managed to get funds together to make TNA last for the remainder of 2016.

boschbourne06 wrote:

Dixie Carter has managed to get funds together to make TNA last for the remainder of 2016.

Must be great to have a rich Mummy and Daddy!

If Vince bought TNA, AJ and Joe are getting DVD sets, as will Kurt Angle when he goes into the HoF. The Hardys would be back in the tag division, and hopefully Bobby Lashley would be jobbed out to the cruiserweights.

WWE is buying the video library only, Billy Corgan is getting the promotion and rebranding it.

Vince didn't see the company as competition just wants it for library for an, sting, joe, rode abd even foley

Apparently the deals done vince has the library and billy Corgan has the company and will be changing the name and that

boschbourne06 wrote:

Vince didn't see the company as competition just wants it for library for an, sting, joe, rode abd even foley

Does Vinnie own the trademarks and licenses as well, if Corgan is changing the brand and name?

Some team names and the X Division, even some music would be a nice addition in the future. I can't remember Joe's TNA music, but they have struggled to get a fit with that in WWE

More TNA hilarity - BIlly Corgan is now suing Dixie Carter and has a restraining order against her. They've got a tax bill to pay, strong rumours the talent won't get paid and a lot of them will walk out.

TNA just needs to be put out of it misery now.

LOLTNA

From Lords of Pain:



In addition to the ongoing financial woes, TNA is also dealing with a lawsuit filed by the company's own president, Billy Corgan. We're now learning that things appear to be getting much worse and far more serious as additional lawsuits begin to mount. PWInsider reports TNA's former production company Audience of One Productions LLC, located in Virginia, is suing TNA, their parent company Impact Ventures LLC, TNA minority-owner Aroluxe LLC, as well as TNA CFO Dean Broadhead and Ronald "Ron" Harris. The suit was filed on September 27th in the U.S District Court, Eastern District of Virginia, and seeks $223,000 plus interest for "breach of contract, fraudulent inducement on the behalf of Harris and Broadhead, torturous interference on behalf of Aroluxe, and for TNA violating Virginia code."

According to the suit, AO1 was contacted in 2015 about "a possible long-term, multi-event, production services agreement, pursuant to which AOl would provide a variety of production services for live TNA professional wrestling events, including audio/visual and broadcasting work, lighting, set construction and breakdown, as well as retention and payment of audience "wranglers" (personnel who would patrol the crowd and try to engage audience members with the event), among other things." AO1 was eventually hired to produce Bound for Glory 2015, and billed TNA $223,000. After failing to pay for over a month, Dean Broadhead finally contacted AO1, assuring them that TNA was on the verge of a landmark deal that would put them in more than 80 million homes. He promised that the company would emerge better than it was before, and if AO1 could "hang on," it could be the beginning of a prosperous relationship.

According to the lawsuit, AO1 sent a second invoice with a 1.5% late penalty added to the original figure, leading Ron Harris to request an itemized invoice. TNA continued to stall on payment. AO1 then deducted $29,001.57 from the original total, because TNA paid several independent contractors so AO1 wouldn't have to. The lawsuit claims this was done by TNA to ensure those contractors would continue on with the company after they inevitably cut ties with AO1. TNA then scheduled a monthly payment plan that would begin in March 2016 and conclude in August, but never fulfilled the first payment due to another onslaught of financial duress. This is about the time Aroluxe began financing the product. AO1 alleges this "gave Aroluxe and, by extension, the Harris Brothers, two of Aroluxe's principals, considerable incentive to oversee and coordinate TNA's financial affairs going forward." At this point, all communication between the two primary parties ceased. The lawsuit alleges that both Dean Broadhead and Ron Harris were at fault in failing to pay AO1, due to a conflict of interest regarding the financial stability of the company.

On a related note, the Tennessee Department of Revenue filed a tax lien with the Davidson County Register of Deeds on September 8th for unpaid business taxes. Just a few weeks prior to the lien, Toronto's Anthem Sports and Entertainment filed a statement with the Tennessee Secretary of State, listing TNA as a debtor. As noted before, Anthem is one of several companies to whom TNA owes money, along with Aroluxe and MCC Acquisitions. The total debt owed by TNA to those aforementioned parties is $3.4 million.


They are fucked.

I thought my debt of £1858.28 was bad hahaa