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Post by "Evil Brood" Jackson Vanik on Oct 31, 2016 15:49:42 GMT -5
I am honestly confused why Anthem (or Billy really if he had the chance) would be investing in TNA right now. This lawsuit revealed so much atrocious business practices by Dixie and company that I can't imagine them getting any sort of viable television contract in the foreseeable future either domestically (as POP isn't giving them much right now) or internationally. Without that - there is no way to get any money flowing in which means you are literally going to be throwing your cash into this money pit for the next five years wasting millions of dollars in the process. I don't get it.
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Deleted
Deleted Member
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Post by Deleted on Oct 31, 2016 15:49:52 GMT -5
Wow one of the arguments Billy made that was denied was TNA was insolvent so he should be able to take over. Apparently that was denied because TNA didn't become insolvent during Billy's run. The judge ruled that TNA was insolvent before Billy got there by there own admission under oath so they basically could not make a ruling on that. Also, someone mentioned Billy turning his loan into ownership shares not mattering, Dixie has 95% and under oath was sending 85 to Anthem, 10 to Nazis and keeping 5. If you take out Billy's 35, the ownership has a big issue. That give Anthem 50, Billy 35, Nazi 10 and Dixie 5. That means Billy could partner with the Nazis and overrule Anthem (or block Anthem should Dixie vote) which is not what they'd want at all. He has till the end of business today to make a move on the 35%, its unlikly he'll do that now and opt to get his money back. unless of course he is a complete gluten for punishment Yeah I don't expect him to do it, I said it earlier in here, he was out to embarrass Dixie and by the Tweets, I was right and he did. |
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Post by kurtanglestumour on Oct 31, 2016 16:00:52 GMT -5
He has till the end of business today to make a move on the 35%, its unlikly he'll do that now and opt to get his money back. unless of course he is a complete gluten for punishment Yeah I don't expect him to do it, I said it earlier in here, he was out to embarrass Dixie and by the Tweets, I was right and he did. hes shown her up as a right lying c***. It'll be hard to get many people to believe her again after this, especially the roster whove been terribly treated and lied to |
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Post by lizzurd on Oct 31, 2016 16:02:43 GMT -5
Why does Anthem Entertainment want to own an insolvent wrestling company so badly? It's almost guaranteed that they will never see a profit or break even.
Billy is an eccentric fan with FU money so his motivation is understandable, but you'd think a media company with competent accountants and lawyers would be sharp enough to realize that TNA is a financial sinkhole.
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Post by toodarkmark on Oct 31, 2016 16:04:12 GMT -5
Well I know one company I no longer give a damn about.
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Post by Can you afford to pay me, Gah on Oct 31, 2016 16:04:23 GMT -5
Honestly I don't see how even with this "win" how anybody would want to work for Dixie in anyway better yet why anybody would want to invest money into her company. They don't make money for a reason because of her poor business management to know how to turn profit. I don't understand what does anybody get out of it because in all counts it like flushing money down the toilet.
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Deleted
Deleted Member
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Post by Deleted on Oct 31, 2016 16:07:31 GMT -5
Why does Anthem Entertainment want to own an insolvent wrestling company so badly? It's almost guaranteed that they will never see a profit or break even. Billy is an eccentric fan with FU money so his motivation is understandable, but you'd think a media company with competent accountants and lawyers would be sharp enough to realize that TNA is a financial sinkhole. Anthem is almost in the same boat Turner was. They're a media company and they need the shows that TNA produces. I am going to assume they can afford to take small losses on the tapings in exchange for whatever they get from airing it, selling it to other TV companies and off the video library. |
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Juice
El Dandy
Wrong? Oh he can tell ya about being wrong.
I'm the one who raised you from perdition.
Posts: 8,172
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Post by Juice on Oct 31, 2016 16:11:09 GMT -5
Why does Anthem Entertainment want to own an insolvent wrestling company so badly? It's almost guaranteed that they will never see a profit or break even. Billy is an eccentric fan with FU money so his motivation is understandable, but you'd think a media company with competent accountants and lawyers would be sharp enough to realize that TNA is a financial sinkhole. Anthem is almost in the same boat Turner was. They're a media company and they need the shows that TNA produces. I am going to assume they can afford to take small losses on the tapings in exchange for whatever they get from airing it, selling it to other TV companies and off the video library. I feel like they would sell to Wwe a lot sooner than Dixie ever would too. It may end up being a failed project they take whatever wwe will give for that library. |
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Post by The Summer of Muskrat XVII on Oct 31, 2016 16:11:58 GMT -5
Why does Anthem Entertainment want to own an insolvent wrestling company so badly? It's almost guaranteed that they will never see a profit or break even. Billy is an eccentric fan with FU money so his motivation is understandable, but you'd think a media company with competent accountants and lawyers would be sharp enough to realize that TNA is a financial sinkhole. Anthem is almost in the same boat Turner was. They're a media company and they need the shows that TNA produces. I am going to assume they can afford to take small losses on the tapings in exchange for whatever they get from airing it, selling it to other TV companies and off the video library. Anthem is backed by a VERY wealthy man. The Asper family was, or possibly still is, worth billions. If they believe in the promotion, then they absolutely have the means to eat some losses. |
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Post by Mister Pigwell on Oct 31, 2016 16:22:11 GMT -5
...dammit.
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Post by Tessmachers-Ass-Fan on Oct 31, 2016 16:23:17 GMT -5
Take the $ and run Billy.  |
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jagilki
Patti Mayonnaise
Nobody notices him; No, we noticed him
f*** Cancer
Posts: 33,594
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Post by jagilki on Oct 31, 2016 16:23:55 GMT -5
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Post by HMARK Center on Oct 31, 2016 16:24:05 GMT -5
Here's hoping Billy's not done with them after this.
Still, this sucks.
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Post by A Platypus Rave is Correct on Oct 31, 2016 16:24:34 GMT -5
If my understanding of the proposal is correct ...
the TNA board is probably closing if the expected plan goes through.
That's something right?
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Post by Final Countdown Jones on Oct 31, 2016 16:27:03 GMT -5
The fact that Dixie is selling off the company anyway just makes it all the weirder that she felt the need to f*** someone over on the way out, like she wanted one final scumbag business move to ruin someone's passion for the wrestling business before she called it a day.
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Post by Vice honcho room temperature on Oct 31, 2016 16:40:42 GMT -5
If my understanding of the proposal is correct ... the TNA board is probably closing if the expected plan goes through. That's something right? Where do we go now? Leave the memories alone |
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Post by No One on Oct 31, 2016 16:42:24 GMT -5
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saintpat
El Dandy
Release the hounds!!!
Posts: 7,664
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Post by saintpat on Oct 31, 2016 16:46:26 GMT -5
Translation: Billy lost and he's just happy that the judge even considered his case. If that's his true feelings, then he must not have felt like he even had a case. |
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Post by Zombie Mod on Oct 31, 2016 16:47:32 GMT -5
next potential tna death thread, i'm going to say they'll survive just to see if that time they kick the bucket
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wankah
Don Corleone
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Post by wankah on Oct 31, 2016 16:50:44 GMT -5
Well that turned out f***ing shit.
Why is the Aroluxe bugger getting the CEO spot? Is it because they made some deals with Dixie sometime in May, or whenever it was again?
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