#AnotherOne TNA being sued by American Express Travel Services

JerseyBoy23

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Dixie need to go ahead and tell the talent to go find somewhere else to work abd shut down the whole operation.

The finances are in hell and the brand is tarnished for good.

It's over

Ain't no where else to work if Vince ain't calling. They already working the indies as extra cash.
 

richaveli83

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:dead:
 

SAJ!!

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someone please emai; or tweet my idea to this dumb redneck. I have posted it 2 or 3 times on here. sell shares in the company to the fans

James Storm, Moose, and several other corny mufuccas are like :mjcry:
Don't forget about Maria and Bennett
 

SAJ!!

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wrestling / News
Rumor: TNA May File For Bankruptcy
October 19, 2016 | Posted by Larry Csonka
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– On the latest edition of Wrestling Observer Radio (via wrestlinginc.com), Dave Meltzer noted that TNA may file for bankruptcy to try and absolve their debt issues. If they do this, the main creditors would be Billy Corgan, Aroluxe and The Fight Network. TNA could could possibly keep going if they filed for Chapter 11 bankruptcy, but Chapter 7 would likely mean the end of the company.

Meltzer noted on the show that Dixie Carter was trying to not look bad and to also keep control of the company…

“The whole thing is, Dixie is still trying to figure out a way – this is why it hasn’t been sold – I don’t know if it’s to stay in control but the whole thing is, she doesn’t want to look bad publicly.”
With 4 lawsuits and the state of Tennessee going after them for back taxes, It doesn't look good.
 

MushroomX

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:whoa: HOLD UP, HOLD UP:whoa:

:whoa: HOLD UP, HOLD UP:whoa:

:whoa: HOLD UP, HOLD UP:whoa:

:whoa: HOLD UP, HOLD UP:whoa:

Creditors are being TOO NERVOUS, you have to wait for her investment dividends to appear... only then will they get their money back. See... DEBIT CARD DIXIE invested wisely in a surefire investment portfolio...






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:troll: Nah she's fukked.
 

mr heyzel

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UPDATED: TNA Minority Owner Issues Statement on Offer to Pay Loans
October 19, 2016 | Posted by Jeremy Thomas
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– Anthem Sports and Entertainment Corp. has released a statement regarding their investment in TNA and offer to repay Billy Corgan’s loans. The statement, which you can read in full below, acknowledges that the company made a “working capital loan” to fund TNA’s operations and is “positioned to provide additional transitional assistance to the company.”

The statement reads as follows:

Anthem Sports & Entertainment Corp. (“Anthem”), the parent company of Fight Network, today confirmed that it recently made a working capital loan to fund the operations of TNA Impact Wrestling. Fight Network is a licensee of TNA programming for broadcast in the U.S., Canada and other international markets, and is also the exclusive licensee of TNA for streaming Internet-delivered TV.


Fight Network has also offered to provide TNA Impact Wrestling with funding to repay the loans made by Mr. Billy Corgan and is positioned to provide additional transitional assistance to the company.

“TNA is a strong property for Fight Network and as a licensee and global distribution partner we have a keen interest in seeing the company not only survive but continue to grow and thrive, alongside our own growth,” said Leonard Asper, CEO of Anthem. “We are hopeful that the company can soon get back to doing what it does best, which is to produce great wrestling content.”


ORIGINAL: There’s been another development in the eventful day regarding Billy Corgan’s lawsuit against TNA. Following a hearing in the case being delayed and reports coming out about a possible reason why the lawsuit was sealed, one of TNA’s minority owners has offered to repay Corgan’s loans to the company.

The Live Audio Wrestling podcast, which is operated by The Fight Network, noted on Twitter:

Anthem Sports and Entertainment is the parent company of The Fight Network and is one of the companies that Impact Ventures LLC has a debt registered to. Anthem acquired a minority stake in the company several months back in a deal that gave them worldwide streaming rights to TNA’s library and as that last link shows, the financing for the latest Impact tapings seems to have come from Anthem through MCC Acquisition Corp. which has the same address as Anthem.

How Corgan’s loans specifically relate to the lawsuit (if at all) are unknown at this time due to the sealed nature of the suit.
 
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