keepitreal
Jobber
Joined on: Feb 22, 2016 21:02:21 GMT -5
Posts: 23
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Post by keepitreal on Oct 21, 2016 21:26:42 GMT -5
Source: F4WOnline
It was noted on the latest edition of Wrestling Observer Radio that TNA will likely file for bankruptcy with the idea of absolving their debt. There's no indication as to what would happen next but the main creditors would be Billy Corgan, Aroluxe and The Fight Network.
Dave Meltzer also commented on the sale of the company and Dixie Carter not wanting to look bad, which is a baffling concern at this point:
"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."
Meltzer did not say if TNA would be filing Chapter 7 or Chapter 11 bankruptcy. It's possible TNA could stay alive if they filed for Chapter 11 but Chapter 7 would likely mean the end of the company. As noted this morning, TNA has scheduled TV tapings at Universal Studios in Orlando for early January.
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Post by JDSFullmetal on Oct 21, 2016 21:41:11 GMT -5
Does she not know the public opinion of her is that of a person trying to staple water to a tree?....
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Post by drifter on Oct 21, 2016 22:07:47 GMT -5
Source: F4WOnline
It was noted on the latest edition of Wrestling Observer Radio that TNA will likely file for bankruptcy with the idea of absolving their debt. There's no indication as to what would happen next but the main creditors would be Billy Corgan, Aroluxe and The Fight Network. Dave Meltzer also commented on the sale of the company and Dixie Carter not wanting to look bad, which is a baffling concern at this point: "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."Meltzer did not say if TNA would be filing Chapter 7 or Chapter 11 bankruptcy. It's possible TNA could stay alive if they filed for Chapter 11 but Chapter 7 would likely mean the end of the company. As noted this morning, TNA has scheduled TV tapings at Universal Studios in Orlando for early January. Lol that ship has long since sailed, and sunk to the deepest part of the ocean.
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Post by J'Dinkalage Morgoone on Oct 21, 2016 23:32:27 GMT -5
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Post by The Natural Eddy Valintino on Oct 22, 2016 11:15:50 GMT -5
Doesn't Ditzy Dixie know that she already looks horrible to the majority of the public? What else can she do to make us think worse? In fact, her selling will make her look better
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TeamratedCDS
Superstar
Joined on: May 12, 2014 20:11:12 GMT -5
Posts: 858
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Post by TeamratedCDS on Oct 22, 2016 12:48:10 GMT -5
I'll stay the bidding at $1
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Post by deskjet on Oct 22, 2016 13:01:35 GMT -5
I'll stay the bidding at $1 I'll bid $2. Gawd, just typing that gave me buyers remorse:(
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Post by Sizzle on Oct 22, 2016 13:30:30 GMT -5
I hope a version of Impact can stay afloat and on TV. I want to be able to watch these guys like Eli Drake, Broken Matt, Moose, EC3, and Lashley on my tv.
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Deleted
Joined on: Mar 28, 2024 3:57:21 GMT -5
Posts: 0
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Post by Deleted on Oct 22, 2016 16:44:38 GMT -5
(Sniffles) THIS IS BULLCHIT!
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Post by 1992 on Oct 22, 2016 17:32:53 GMT -5
If they do go through with this and end up letting Broken Matt literally delete TNA from existence it will be the greatest angle in professional wrestling history.
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Post by Gone. on Oct 22, 2016 17:35:53 GMT -5
But Fight Network are paying for everything?
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👑🇵🇭⭐️
Main Eventer
WF 10 Year Member
King Of The Ring 2007 - Team Undisputed
Joined on: Feb 4, 2013 13:46:47 GMT -5
Posts: 4,669
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Post by 👑🇵🇭⭐️ on Oct 22, 2016 17:44:56 GMT -5
I'll stay the bidding at $1 I'll bid $2. Gawd, just typing that gave me buyers remorse:( Tree Fiddy!!
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Post by theMOESIAH on Oct 22, 2016 19:20:26 GMT -5
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Post by JC Motors on Oct 23, 2016 16:39:08 GMT -5
I'll stay the bidding at $1 I'll bid $2. Gawd, just typing that gave me buyers remorse:( I outbid you with Tree Fiddy
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threehgame
Main Eventer
Beyond Bored By You and Your Wrestling
Joined on: Sept 22, 2008 19:09:45 GMT -5
Posts: 2,399
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Post by threehgame on Oct 23, 2016 19:29:52 GMT -5
The thing that got me about Corgan's filing is he wants to know where the physical tape library is being kept. Seems like the former management knew the value and wanted to be able to ship it out or has already shipped it out and did not want anyone to know.
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REAL REVY
Main Eventer
1000 Posts
Joined on: Feb 8, 2012 16:27:26 GMT -5
Posts: 1,000
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Post by REAL REVY on Oct 23, 2016 19:47:08 GMT -5
Total STOP action the action has stopped they should call it
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Post by theMOESIAH on Oct 23, 2016 21:12:23 GMT -5
The thing that got me about Corgan's filing is he wants to know where the physical tape library is being kept. Seems like the former management knew the value and wanted to be able to ship it out or has already shipped it out and did not want anyone to know. I wouldn't be surprised if that library is long gone. I really don't understand what the old guard is still trying to hang into power for. They clearly only have two choices: sell to Billy Corgan or close up shop. Or I guess a third choice would be to sell to Vince who will close it for them.
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Post by AlexWestCollects on Oct 23, 2016 21:27:15 GMT -5
What a joke it's become. They had so many ups & downs. Just time to put it to rest.
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Jimmy Toucan (+ The Flipout)
Superstar
'They should just give us album of the year...right now.'
Joined on: Aug 7, 2016 17:04:33 GMT -5
Posts: 727
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Post by Jimmy Toucan (+ The Flipout) on Oct 24, 2016 4:48:04 GMT -5
Sad to hear if true. Wonder if it's the thing Wade Keller tweeted about.
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Post by tylerbreezee on Oct 24, 2016 15:21:16 GMT -5
I'll bid $2. Gawd, just typing that gave me buyers remorse:( Tree Fiddy!! I'll raise the stakes to tree fiddy... and one penny!
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