TNA Is Reportedly Millions Of Dollars In Debt And ‘The Walls Are Closing In’

Contributing Writer
10.15.16 15 Comments


The major story in pro wrestling over the past few weeks has been the impending sale of Impact Wrestling (better known as TNA), which reportedly needs to go through soon if the company has any chance of staying in business into 2017. This week’s development of TNA president Billy Corgan suing the company kickstarted a new round of reports about Impact Wrestling’s current financial crisis.

According to Dave Meltzer at the Wrestling Observer Newsletter, TNA is currently $3.4 million in debt, with that money owed to Aroluxe (the company fronted by the Harris Twins, who financed at least one round of TV tapings), MCC Acquisitions and Anthem Sports (both of which have connections as the money behind Fight Network, and all signs point to one of those companies being the entity that financed the most recent batch of TV tapings). According to Meltzer, TNA has already sold some of its media library to Anthem. There is no telling how that could affect WWE’s efforts to obtain that library for the WWE Network.

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