Corgan sues TNA and Management

[Kise]

I was thinking something similar. Ty

So it's kinda like when a parent dies and creditors come at the kids to repay those debts. WWE can afford to pay that off im sure but, as a fan, I'm not ready for invasion part 2. It never felt like they were really at war or even neck and neck. At least DX invaded Nitro to make things fun

[Gravedigger]

Ignoring the behind the scenes mess, if TNA was successfully sold yesterday, wouldn't the new owner have to still pay (or at least deal with) ex-talent suing, claiming unpaid wages?

I watch the NWA:TNA classic years on YouTube. It reminds me of what I miss and most enjoyed about TNA. I'd happily pay $10 every Wednesday if they were still on that level.

The weekly PPVs were great. Impact was until Hogan and Bischoff came in. Now I watch sporadically, and it's hit or miss.

[Black Death]

There was a time were TNA was a true alt to the WWE... but  starting going down hill when one...Jarrett brought in Russo ( always Russo ) and two.. starting having financial issues which lead to him selling to Panda Energy ( the Carters) which led to Dixie getting control  and  three ... Jeff starting dating Karen Angle and pretty much lose control of the company and thus meaning the guys that were running  the booking was push out after that   Cornette and Dutch mantel. Thus leading us to Hogan and Bischoff and you know the rest after that.


There was a time I really like watching TNA and they had some great stuff going on. 

[Black Death]

Actually they are  in a better position now to do a invasion angle with the network in place than they were back in 2001. They could being the TNA to the network and run it as it own separate entity , before slowly having it start to creep into the main programming.

Vince original wanted to run WCW as it own company with it own show , but they were damage goods and  he could not get a show for them and USA network did not want him to give them RAW. 


But the tape library is what I want them to have.  TNA had some great matches back in the day and would love to see them again.

[! JDM The Professional !]

Ignoring the behind the scenes mess, if TNA was successfully sold yesterday, wouldn't the new owner have to still pay (or at least deal with) ex-talent suing, claiming unpaid wages?

I watch the NWA:TNA classic years on YouTube. It reminds me of what I miss and most enjoyed about TNA. I'd happily pay $10 every Wednesday if they were still on that level.

Have you been watching TNA the past year? The best it's been since the good old days hands down.

[Captain Metro]

Ignoring the behind the scenes mess, if TNA was successfully sold yesterday, wouldn't the new owner have to still pay (or at least deal with) ex-talent suing, claiming unpaid wages?

I watch the NWA:TNA classic years on YouTube. It reminds me of what I miss and most enjoyed about TNA. I'd happily pay $10 every Wednesday if they were still on that level.

It probably files for Chapter 11 before it gets sold to absolve it of any those obligations.

[Kise]

Have you been watching TNA the past year? The best it's been since the good old days hands down.

Starting from Final Deletion, I've watched highlights of every show since then. Lashley is a beast, but reviewing the current product, I'd rate this era as 3rd best behind the golden years (1st) and the 2005-2006 era when Christian Cage was there.

[! JDM The Professional !]

Starting from Final Deletion, I've watched highlights of every show since then. Lashley is a beast, but reviewing the current product, I'd rate this era as 3rd best behind the golden years (1st) and the 2005-2006 era when Christian Cage was there.

I'd probably agree with that. TNA has a great main event scene but their X Div scene is terrible, Knockouts are 5050 and their tag division has been rocked my injuries bad the last year and a bit and they lack the equity to properly replace injured wrestlers. I think once TNA get red of Dixie and co, Davey Richards returns and they actually build a storyline in the x div their product will get even better.

[Chris Stern]

Think the new owner would assume the debt acquired by the past owner , but lawsuits would be still aimed at the past parent company and or who was named in the suit.

even with just the debt that's alot of money TNA owes and the new owner would need to pay off, I believe Meltzer on the LAW this past Sunday mentioned it was around 3.5-4 million dollars. I'm sure it maybe a little less if Corigan takes over as I doubt he would need to pay himself back so that would just leave what is still owed to Aroluxe and the company that bankrolled Bound for Glory and this round of tapings(name eludes me at this time). 

[Black Death]

Again...not sure why he would buy a company, and deal with debts and lawsuits....when he can basically just start his own, then pick up the same wrestlers once they're free agents. He already has the contacts (for both wrestlers and TV) which is really the only value TNA has, especially if the plan is to dumb the name and history anyways.

that would be the smart move in my opinion , but Corgan does have some baggage where he try to start one than it did not work out .  Think the word is he abandon it or something , not sure. So he may not have the right business sense ( not sure if that the right word )  to start a company , so might be easier for  him to just take one over and  work from there.

[Alex Smiley]

that would be the smart move in my opinion , but Corgan does have some baggage where he try to start one than it did not work out .  Think the word is he abandon it or something , not sure. So he may not have the right business sense ( not sure if that the right word )  to start a company , so might be easier for  him to just take one over and  work from there.

Resistance Pro out in Chicago area, I've heard they've been doing even better since Corgan left.

[Kise]

What kind of owner just ups and leaves? THIS Isnt an efed

[! JDM The Professional !]

What kind of owner just ups and leaves? THIS Isnt an efed

I seriously doubt he'd have up and left his own company. He no doubt sold it. Dirt sheet news imo.

[Alex Smiley]

He wasn't really the owner, though. He was a founder, and the creative director, but not the owner.

http://loudwire.com/billy-corgan-severs-ties-resistance-pro-wrestling-eyes-musical-theater/

http://loudwire.com/billy-corgan-addresses-exit-resistance-pro-wrestling/

Remember, I was never an owner in any capacity. This was by my suggestion. Even though under various circumstances and guises it was offered. I simply headed up the creative focus in story-lines and in some cases developed characters.

Read More: Billy Corgan Addresses Resistance Pro Wrestling Exit | http://loudwire.com/billy-corgan-addresses-exit-resistance-pro-wrestling/?trackback=tsmclip

This is why I groaned when I first learned of Corgan getting involved with TNA.

[Kise]

So he created a place but others run the joint....still sounds like an efed :shrug: