TNA Being Evicted From Old Office

[The Ultimate Nullifier]

www.sescoops.com/tna-being-evicted-from-old-office-reportedly-in-serious-financial-trouble/

TNA Being Evicted From Old Office, In Serious Financial Trouble

We reported yesterday that TNA is in the process of moving out of their offices at Cummins Station in Nashville and into the ShopTNA.com warehouse. PWInsider.com originally reported that the move had been planned for a while, but there appears to be more to the story.

Dave Meltzer reported on Wrestling Observer Radio that TNA is actually being evicted from the building, and their only choice is to move all of their business operations into the ShopTNA warehouse. Dixie Carter had offices in that same space for her old public relations company for years before she got involved in TNA, and TNA took over the space from her PR company. TNA has until the end of the month to move out.

The company reportedly needs to raise money if they want to be able to pay for airfare for their next Impact Wrestling TV tapings in Orlando. TNA does have an investor willing to put money into the company for controlling interest, but Dixie Carter reportedly isn’t interested in giving up her control right now.

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www.wrestlinginc.com/wi/news/2016/0413/609728/more-on-tna-getting-evicted-from-offices/

More On TNA Getting Evicted From Offices, Potential Investors Reportedly Put Money Into TNA Impact

By Marc Middleton | April 13, 2016


Source: Wrestling Observer Newsletter

As noted, TNA was reportedly evicted from their current offices at Cummins Station in Nashville and will be moving all operations to a 20-25,000 square foot warehouse that ShopTNA.com has been using at the end of this month. Production will be moving to NorthStar Productions in the same city because there is no room for TV production at the warehouse.

The Wrestling Observer Newsletter reports that the company fell behind on rent and could no longer afford to stay at the Cummins Station location. They previously moved the offices to the basement where TV production was done as a cost-cutting move but fell behind and were essentially evicted, effective at the end of this month. The company had known about the move for some time.

We've also noted how TNA officials continue to talk with potential investors and partners. The Observer reports that new potential investors are in play and have put money into keeping TNA TV going but it does not look like they have purchased an interest in the company yet.

There is a deal that reportedly revolves around which side ends up with controlling interest, something TNA obviously does not want to give up. However, there's a feeling that TNA needs the deal to happen just so they can survive, which gives the investors a lot of leverage to gain controlling interest.

[The Ultimate Nullifier]