Here's exactly how much debt TNA are in - very worrying

Published Add your comment

Football News

Competing with the WWE is virtually impossible and many promotions have discovered that the hard way since Vince McMahon rose to power in the late 1980s.

WCW were the first and, arguably, the last major company to fall back in 2001.

TNA has been the WWE's closest competitor for the past decade and in truth, they still haven't been even remotely close to challenging them.

In the past few years, TNA have lost a plethora of top stars like Kurt Angle, Samoa Joe and AJ Styles because of their financial problems and it seems like those issues are finally getting on top of them.

After only managing to finance Bound for Glory - their version of WrestleMania - by the skin of their teeth, Dave Meltzer has now brought their money woes to light.

Three of the companies that TNA owes money to are Aroluxe, Anthem (one of the parent companies of The Fight Network) - who also own some of the rights to their video library that the WWE were interested in - and MCC Acquisitions, which appeared to have funded their last set of television tapings and Bound For Glory 2016.

Meltzer noted on F4WOnline that the total debt owed by TNA to those three companies is listed at $3.4 million.

That does not include money that they owe to Billy Corgan - one of their prospective buyers - or to Audience of One Productions, LLC, which filed a lawsuit against TNA last month.

The company is just existing now, nothing more, nothing less. There was a time where they could have perhaps established themselves as a legitimate force in the wrestling industry, but their problems behind the scenes have ultimately proved to be their undoing.

The sooner they sell up, the better it will be for everyone.

Jeff Hardy
Triple H
Kurt Angle
Matt Hardy
Triple H
Vince McMahon

Article Comments

Read more

Report author of article

Please let us know if you believe this article is in violation of our editorial policy, please only report articles for one of the following reasons.

Report author


This article has been written by a member of the GiveMeSport Writing Academy and does not represent the views of GiveMeSport.com or SportsNewMedia. The views and opinions expressed are solely that of the author credited at the top of this article. GiveMeSport.com and SportsNewMedia do not take any responsibility for the content of its contributors.

Want more content like this?

Like our GiveMeSport Facebook Page and you will get this directly to you.

Already Subscribed to Facebook, don't ask me again

Follow GiveMeSport on Twitter and you will get this directly to you.

Already Following, don't ask me again