Post by The Ultimate Nullifier on Oct 23, 2016 16:14:34 GMT -6
www.pwinsider.com/article/105525/lending-money-to-tna-doing-two-rumble-matches-one-more-bout-for-hbk-and-more.html?p=1
The latest news is that The Fight Network has loaned TNA money and has offered further funding to assist them and pay back Billy Corgan. But isn't this just enabling TNA, as what they need is investment rather than funding? Taking on more debt, added to the lawsuits and tax liens, in exchange for buying out Corgan while giving away yet more ownership stakes in the company is just adding to the problems. I don't see how WWE could make an offer for the tape library if part of it has already been sold to The Fight Network and the TNA trademark is owned by Aroluxe.
This who thing is just bizarre. Dixie Carter asserts that the company is not insolvent, but when Mike Epsenhart looked up the legal definition while were doing our show yesterday, it sure sounds like they are to me. I don’t get why Anthem would give them loans either. Either buy the company or don’t, but loans? It makes no sense to me. TNA has sold off pieces of the company from a position of need, not desire. That tells me that they are huge problems. To me, anyone putting money into TNA should get an ownership stake and get rid of the person that got them to this point. Lending money seems like a fool’s errand to me. That’s my two cents.
The latest news is that The Fight Network has loaned TNA money and has offered further funding to assist them and pay back Billy Corgan. But isn't this just enabling TNA, as what they need is investment rather than funding? Taking on more debt, added to the lawsuits and tax liens, in exchange for buying out Corgan while giving away yet more ownership stakes in the company is just adding to the problems. I don't see how WWE could make an offer for the tape library if part of it has already been sold to The Fight Network and the TNA trademark is owned by Aroluxe.
This who thing is just bizarre. Dixie Carter asserts that the company is not insolvent, but when Mike Epsenhart looked up the legal definition while were doing our show yesterday, it sure sounds like they are to me. I don’t get why Anthem would give them loans either. Either buy the company or don’t, but loans? It makes no sense to me. TNA has sold off pieces of the company from a position of need, not desire. That tells me that they are huge problems. To me, anyone putting money into TNA should get an ownership stake and get rid of the person that got them to this point. Lending money seems like a fool’s errand to me. That’s my two cents.