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Old 10-14-2016, 01:21 AM   #841
Dark One
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Old 10-14-2016, 01:24 AM   #842
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I already posted this elsewhere, but it deserves to be included in this grand memorial thread I'm building.
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Old 10-14-2016, 01:26 AM   #843
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How about the time they had two human penises managed by a guy named Mortimer Plumtree?
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Old 10-14-2016, 01:27 AM   #844
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There was apparently a heavy focus on penises.
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Old 10-14-2016, 01:28 AM   #845
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TNA decided to hold a concert during their first ever show. Problem with that idea was someone forgot to test the mics so nobody heard the guitar playing for the first portion of the song. Played more of the song after the mic was fixed only to have Jarrett interrupt saying it sucked.
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Old 10-14-2016, 01:30 AM   #846
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How about the time Tom Arnold refereed a midget match?
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Old 10-14-2016, 01:31 AM   #847
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It did. Toby Keith is a sack of shit.
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Old 10-14-2016, 01:38 AM   #848
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TNA has a long history of ridiculous matches and championships.

This is an explanation of the rules for a golden spit cup.
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Old 10-14-2016, 01:39 AM   #849
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Old 10-14-2016, 01:40 AM   #850
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This reaction can be applied to a majority of TNA's existence:
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Old 10-14-2016, 01:43 AM   #851
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I'm sure the rest of this is a shit show, but here's the best line:
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Old 10-14-2016, 01:48 AM   #852
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Old 10-14-2016, 01:52 AM   #853
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There are no words for this one:
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Old 10-14-2016, 01:57 AM   #854
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I am now depressed. That is all the TNA I can handle remembering in one sitting.

Godspeed gentlemen
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Old 10-14-2016, 02:49 AM   #855
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According to SESCoops, TNA could be facing a third lawsuit soon since they also owe money to Fight Network who is a minority owner of the company.

SESCoops managed to find some financial files TNA sent to the state of Tennessee and it revealed Aroluxe very likely is the mysterious investor who funded their recent ppv and tv tapings. Same files also revealed Dixie personally owes Billy Corgan money which might have played another role in Corgan's lawsuit.

http://www.sescoops.com/exclusive-wh...-corgan-money/
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Old 10-14-2016, 03:23 AM   #856
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I had no clue half of that shit happened in TNA. Amazing.
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Old 10-14-2016, 11:06 AM   #857
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Surely if it's likely to be subject to this much legal action, no-one (including Corrigan) would want to take it over? Who wants to buy a company which is about to be sued into bankruptcy?
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Old 10-14-2016, 11:14 AM   #858
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Old 10-14-2016, 01:02 PM   #859
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Quote:
On tonight’s edition on TNA Impact Wrestling, theme music used for Mike Bennett and DJZ were both pulled from the show; both songs were written by Dale Oliver. TNA did not replace either song with different music, but they did crowd noise to cover the music.

According to prowrestling.net, there were rumors earlier today that Pop may not air the show due to music licensing issues. This led to speculation that there were issues regarding music written by Billy Corgan, following reports that Corgan filed a lawsuit against TNA.

The site notes that Corgan’s TNA theme song aired as usual, so there do not appear to be any issues with TNA having rights to music that he has written for or supplied to the company. Oliver wrote both themes, and they are newer songs. It appears that there are now licensing issues with Oliver’s 2016 theme songs. While not confirmed, this could be an issue where Oliver is owed money.
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Old 10-14-2016, 01:03 PM   #860
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I really don't think anybody is going to miss TNA when it goes tits up.
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Old 10-14-2016, 01:05 PM   #861
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I love how convoluted the whole thing is. Everything that can be in dispute seems like it is. Why would anyone want to be involved in this to any degree?
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Old 10-14-2016, 01:45 PM   #862
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Quote:
Originally Posted by Frank Drebin View Post
I love how convoluted the whole thing is. Everything that can be in dispute seems like it is. Why would anyone want to be involved in this to any degree?
These are all breach of contract suits for unpaid debts owed to TNA.

Really all any interested buyer would have to be willing and able to do is pay off the company's various debts (talent, AO1, Aroluxe, Anthem/Fight Network, looks like Corgan is personally a lender too, etc.) and any applicable interest earned (either at a contractual rate or the statutory 10% or less APR) on the money owed and everything would be fine legally.

In reality, most of these case will most likely settle before trial (either by new owners or the current ownership) or TNA will go bankrupt under the current ownership.

I'd be willing to bet that Corgan agreed to lend TNA money and had Dixie personally guarantee TNA's debt to him in exchange for Corgan having a minorty interest and the right of first refusal to match (or better) any offer to purchase TNA.

Not only that, but Dixie as majority shareholder owes a fiduciary duty to the other shareholders (including Corgan) and TNA's other lenders to sell the company to whoever offers the most to TNA that would allow TNA to pay off the most of their debts.

Dixie and Gaburick's tactics during the earlier rumored sales negotiations potentially breached both Corgan's contract with TNA/Dixie and Dixie's fiduciary duty to everyone who owns or is indebted to TNA.
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Old 10-14-2016, 01:53 PM   #863
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Quote:
Originally Posted by Vito Cruz View Post
I really don't think anybody is going to miss TNA when it goes tits up.
I will, watch as much wrestling that airs on TV and if TNA went under there would be no wrestling on Thursday night. Of course they could go under a Corgan take what he wants and starts his own promotion.
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Old 10-14-2016, 04:23 PM   #864
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I'm considering putting in an offer to buy TNA. either that or a new F150.
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Old 10-14-2016, 04:30 PM   #865
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They're both money pits, good luck.
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Old 10-14-2016, 05:35 PM   #866
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Take the truck.
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Old 10-14-2016, 08:34 PM   #867
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According to the Observer, TNA currently owes around $3.4 million in unpaid debts and that's not counting money owed to employees, Corgan, or anyone else not listed below.

Also they have already started to sell their tape library to pay off debts which might be another reason why WWE is no longer interested since they no longer can get it all at once.

Quote:
Originally Posted by Observer
The total debt owed by TNA to Aroluxe, Anthem and MCC Acquisitions is listed at $3.4 million. TNA has already sold some of its tape library to Anthem.

Also the state of Tennessee is already threatening to seize TNA property if they continue to fail paying taxes they owe.

Quote:
Originally Posted by Observer
The latest is a story by David Bixenspan who found out that the Davidson County Register of Deeds and the State of Tennessee had issued a tax lien against TNA Entertainment, LLC on 9/8. The company owes back taxes in an amount unspecified and got so far behind in paying it that the state has the right to seize company property if the debt isn't repaid. While the company is no longer TNA Entertainment, LLC, now called Impact Ventures LLC, Tennessee law allows the government to go after successor companies.

According to a report from PWI, TNA's wrestlers are rumored to be considering filing a breach of contract against management if they keep being late with payments.

Quote:
Originally Posted by PWI
In regard to rumors we have been asked about regarding wrestlers saying they are going to file breach of contract if their pay is late, it's possible that could happen as it was talked about by some at TV last week, but whether anyone actually does remains to be seen. TNA usually pays talents two weeks after they appear on television.

Based on speculation going around the net, Billy Corgan has spent between $2 million to $3 million funding previous TNA tapings prior to this month and his push to become TNA's new owner.
Last edited by Emperor Smeat; 10-14-2016 at 09:07 PM.
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Old 10-14-2016, 09:37 PM   #868
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Old 10-14-2016, 09:42 PM   #869
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Quote:
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I'm considering putting in an offer to buy TNA. either that or a new F150.
I would too, but Dixie told me I don't have enough Pepsi Points.
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Old 10-14-2016, 11:02 PM   #870
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Apparently the ratings and viewership for this week's Impact show were both the lowest since the move to POP TV and since TNA was on Fox Sports Net during their early years (2004-2005).

Being rumored the tv deal they have with POP TV might be on a year-to-year basis for the opt-out stuff so POP could potentially kick them out as early as January/February 2017 if they wanted to assuming its true.
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Old 10-14-2016, 11:15 PM   #871
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loltna by MattOriginal


Yes! Yes! Yes! Yes!

Magnus having Bo Dallas's NXT Heel theme.
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Old 10-15-2016, 02:17 PM   #872
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You can at least put the F150 on a depreciation scale
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Old 10-15-2016, 05:08 PM   #873
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Is Billy Corgan really that rich? I'm sure he's pretty well off, but if I was him I would not be investing that sort of money into something like that.
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Old 10-15-2016, 08:22 PM   #874
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Quote:
Originally Posted by Vito Cruz View Post
I really don't think anybody is going to miss TNA when it goes tits up.
Quote:
Originally Posted by Simple Fan View Post
I will, watch as much wrestling that airs on TV and if TNA went under there would be no wrestling on Thursday night. Of course they could go under a Corgan take what he wants and starts his own promotion.
I will, I enjoy watching the show every week and have a good amount of friends who work in front of and behind the scenes in TNA. Not to mention, I am in contact with several people in talent relations.... so it's possible the Macka might get a tryout sooner than later

Quote:
Originally Posted by DrA View Post
Is Billy Corgan really that rich? I'm sure he's pretty well off, but if I was him I would not be investing that sort of money into something like that.
Supposedly, Billy has a net worth of around 50 million dollars, so he probably has enough money to outright buy TNA. I think these lawsuits are a way for him to get "leverage" to get control of TNA from Dixie. Billy seems to genuinely want to buy TNA and run it.... I guess it's just a matter of time till we see what happens...
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Old 10-15-2016, 10:06 PM   #875
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BAH GAWD WHAT'S PAUL TITAN DOING IN THE IMPACT ZONE
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Old 10-15-2016, 10:30 PM   #876
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Paul Titan: I have purchased TNA! Found the loose change in my sofa and I still paid too much.
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Old 10-16-2016, 10:20 AM   #877
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I just don't understand why you're buy something that has the stigma and debts that TNA has. At this point the product is beyond repair. There is no appreciable fanbase -- everything about TNA's identity has been whored out and chased away. They have Abyss and an X-Division Title belt that just got thrown onto the ground.

Why doesn't Billy Corgan go and start a new promotion? Why doesn't he get together with Toby Keith, Rick Rubin and whoever else wants to sink money in, go to a proper network and make a pitch for a one-hour wrestling show that they can build up?

A few years ago, Corgan was reportedly told by his financial people that getting involved in Major League Wrestling was a bad idea. I don't know where Corgan suddenly got this money he can sink into such a pit, but I feel somewhat sorry for the guy and everybody who is trying really hard to exist there.
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Old 10-16-2016, 12:30 PM   #878
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The only thing I can figure is the amount of time and money it will take to get a new tv deal as a new company is more than what it would take to get TNA's issues resolved.
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Old 10-16-2016, 12:36 PM   #879
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Quote:
Originally Posted by Noid View Post
I just don't understand why you're buy something that has the stigma and debts that TNA has. At this point the product is beyond repair. There is no appreciable fanbase -- everything about TNA's identity has been whored out and chased away. They have Abyss and an X-Division Title belt that just got thrown onto the ground.

Why doesn't Billy Corgan go and start a new promotion? Why doesn't he get together with Toby Keith, Rick Rubin and whoever else wants to sink money in, go to a proper network and make a pitch for a one-hour wrestling show that they can build up?

A few years ago, Corgan was reportedly told by his financial people that getting involved in Major League Wrestling was a bad idea. I don't know where Corgan suddenly got this money he can sink into such a pit, but I feel somewhat sorry for the guy and everybody who is trying really hard to exist there.
TNA is far from "damaged goods". The one thing they have over starting a new promotion is that they have national and international television contracts to air their product. (what GFW doesn't have and hasn't been able to get since 2014)
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Old 10-16-2016, 05:02 PM   #880
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Quote:
Originally Posted by BigCrippyZ View Post
The only thing I can figure is the amount of time and money it will take to get a new tv deal as a new company is more than what it would take to get TNA's issues resolved.
GFW and Lucha Underground are probably the best examples of this.

Jeff Jarrett tried to start a new promotion with GFW but without a tv deal, it could never be bigger or equal to TNA and all his plans quickly fell apart.

Lucha Underground has TNA-like problems with money but because they have a tv deal, it at least gives them a chance at succeeding or finding big investors than if they didn't.
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