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October Wrasslin' |OT| Dia de los Mil Muertes
- Thread starter tm24
- Start date
Bluekaveli
Member
Wait, I never even knew you were married.
Sweeney Tom
Banned
Said noncompete clauses essentially means TNA would be sold to them for less than their original offer, and because they're pissed about not getting their original offer, for the hell of it Dixie and Corgan would both legally not be allowed to make another wrestling company for at least a year. Was going to report about that 2 weeks ago when I first heard it, but I thought it was too stupid and evil to be legit. Welp!
This is fucked up from all sides. Literally no good guys here, just more and more evil
This is fucked up from all sides. Literally no good guys here, just more and more evil
Wrestlers are stupid? Carny life style? Hope? Blind faith? You love to shit stir?
Update:
Ok $1.8M was from Anthem. Thats the company that owns TNA licensing rights to video library.
Sweeney Tom
Banned
Hope is an illusion. This isn't even the first confirmation of that.
Bro were we separated at birth? Gimme some of that slushie
Slush puppies > all other slushie
Sweeney Tom
Banned
The guy who worked with Dixie for at least one full year in the front office before this? Who got to see her not paying anybody personally? Who thought after all that, it wouldn't happen to him?
Knowing this shit's happening to everyone around you, but until the moment you're the one it's happening to, not caring or trying to stop it. I'm gonna go ahead and call that evil. Again, various levels of progressive evil here, 2 bad things can be bad etc.
Anthem has issued press release saying it is willing to pay off Corgan and Aroluxe's Jason Brown will become new ceo.
https://twitter.com/tnnaterau
https://twitter.com/tnnaterau
No wonder it is impossible to ever compete with the WWE. Near 2 million for a bit of TV and a PPV?
Bluekaveli
Member
Unfortunately this was from sonic lol. Slush puppies are the goat. You almost never have to struggle drinking them.
I'm still working on this slushie too.
Angry Grimace
Two cannibals are eating a clown. One turns to the other and says "does something taste funny to you?"
I think they were getting paid, just really late.
Sweeney Tom
Banned
If the Total Nonstop Deletion tapings aren't happening due to lack of funds, that means the Hardys haven't been paid. It's happening at their compound. If it's not happening, they got stiffed.
If the Hardys aren't getting paid on time, nobody is. And I already assumed that when it was revealed last week that at least at one point, Hogan got paid late while he was around.
Anthem has issued press release saying it is willing to pay off Corgan and Aroluxe's Jason Brown will become new ceo.
Sims just said Carter made offer for Corgan to buy her out. Everyone involved is trying to make a deal Sims says.
Sims says Dixie emailed WWE to say she wont sell to them until Billy is out.
that is the end of Corgan's lawyer's arguement, TNA is next
https://twitter.com/tnnaterau
Sims just said Carter made offer for Corgan to buy her out. Everyone involved is trying to make a deal Sims says.
Sims says Dixie emailed WWE to say she wont sell to them until Billy is out.
that is the end of Corgan's lawyer's arguement, TNA is next
https://twitter.com/tnnaterau
slightconfuse
Banned
The pop Matt hardy will get when he does up at the rumble will be worth it
Then the nothing WWE will do with him will just put us all back to square one.
sf2fanatic
Member
*Bro fist*
Anyone gif Bray's reaction last night? That's going to get a lot of mileage.
You know you're looking forward to The Hardys vs The Wyatts filmed in the Everglades airing live during Wrestlemania.
The top guys are pretty quick to brush aside the rumours when they pop up.
slightconfuse
Banned
Brother Felix I'd knew your come
Sweeney Tom
Banned
So how about that Aldo Rose guy.....last night he posted a video where he makes it rain lollipops on a twerking (female) bunny.
Yeah...........
https://twitter.com/Aegis_Rose/status/791229004581900288
NSFW
Yeah...........
https://twitter.com/Aegis_Rose/status/791229004581900288
NSFW
slightconfuse
Banned
If Floslam was,smart,they would back a hardys produced show
TNA attorney Travis Parham is up now. He calls lawsuit a scheme by Corgan to take over the company and force out Carter.
He says lawsuit has created a creditor crisis and hurt TNA's financial standing.
TNA has good will, notoriety, merchandising, licensing and is an international brand.
Parham says TNA is a valuable, well known commodity. Carter owns 92.5 pct, Anthem owns 2 pct and Aroluxe owns 5 pct.
Parham said TNA anticipated short term cash flow problems and knew its new business model would be a challenge.
Parham said cash flow company came to roost this summer and Corgan gave a loan that could be transferred to equity.
Corgan lent more money in July and had right to convert loan to 12.5 pct interest. Parham is arguing TNA is not insolvent.
A third loan from Corgan came in August, Parham said. But he says Corgan's loans were oportunistic to benefit himself.
He says Corgan wanted 22.5 pct in company after third loan and insisted on pledge agreement.
Parham said Corgan wanted all principal, 6 pct interest and 50 pct equity kicker as condition of 3-month loan in August.
Parham called that deal a 200 pct rate of return that would make a loan shark blush.
https://twitter.com/tnnaterau
He says lawsuit has created a creditor crisis and hurt TNA's financial standing.
TNA has good will, notoriety, merchandising, licensing and is an international brand.
Parham says TNA is a valuable, well known commodity. Carter owns 92.5 pct, Anthem owns 2 pct and Aroluxe owns 5 pct.
Parham said TNA anticipated short term cash flow problems and knew its new business model would be a challenge.
Parham said cash flow company came to roost this summer and Corgan gave a loan that could be transferred to equity.
Corgan lent more money in July and had right to convert loan to 12.5 pct interest. Parham is arguing TNA is not insolvent.
A third loan from Corgan came in August, Parham said. But he says Corgan's loans were oportunistic to benefit himself.
He says Corgan wanted 22.5 pct in company after third loan and insisted on pledge agreement.
Parham said Corgan wanted all principal, 6 pct interest and 50 pct equity kicker as condition of 3-month loan in August.
Parham called that deal a 200 pct rate of return that would make a loan shark blush.
https://twitter.com/tnnaterau
sf2fanatic
Member
Nattie was a great heel during her match. "You love Nikki Bella, I love Nikki Bella!!"
Nikki smirk while on choke hold
Nikki smirk while on choke hold
cont. from previous page....
Parham called Corgan's loan a "heads I win, tails you lose" deal. He says Corgan has resisted efforts to repay his loan.
Corgan doesn't want to be refinanced and paid off, because he wants 92.5 pct in company, Parham said.
"Whatever risk," Corgan faced, "he's been incredibly well compensated," Parham said.
Parham said Corgan offered to buy company the day his loan agreement expired. That would have included paying off Aroluxe.
That deal would have given him 52 percent of TNA. "he's now saying company is worth nothing,"
Parham said Corgan tried to buy TNA last month, then went litigation path when deal fell through.
Parham: Corgan did nothing to set up necessary financing for Sept. production.
https://twitter.com/tnnaterau
With a tiny audience. Tiny.
Biggest-Geek-Ever
Member
TNA is trying to paint Billy Corgan as a opportunistic loan shark here. It's kind of hilarious. Anybody that loans someone money a third time with no payment on the first two loans is going to have a ridiculous agreement with the third loan.
And he was promised the company on failure to pay the third loan, which happened. I don't think anyone came up with the ability to repay him until after that.
And he was promised the company on failure to pay the third loan, which happened. I don't think anyone came up with the ability to repay him until after that.
Bluekaveli
Member
Vince is going to flex that new hip on them
Angry Grimace
Two cannibals are eating a clown. One turns to the other and says "does something taste funny to you?"
The tape library has value as do some of the contracts. The problem is that the company doesn't have value while Carter is in charge.
More from TNA's lawyers:
Parham vigorously denies financial details were hidden from Corgan.
Parham said Corgan is attempting to cause TNA to default on his own loan.
Parham said injunctive relief should be used sparingly. He says Corgan has not suffered irreparable harm.
Parham said Corgan wanted to get rid of all managers and appoont himself manager.
Parham says Dixies manager rights cant be transferred under the law.
HazySaiyan
Banned
Somebody need's to hold Vince's feet to the fire over that 'independent contractor' bullshit next.
I'm kind of surprised that hasn't come back to bite them considering every time a single wrestler has challenged them in court over that, WWE always loses
Keep them coming.
i find it interesting, keep em coming
Lemmy Caution
Member
Totally welcome. It's the perfect level of absurdity for Pro-Wrestling fans. Plus we should all be counting our blessings that it's cat-fancier Billy Corgan trying to take over and not the Insane Clown Posse.