news on tna's current financial situation

[Deleted]

This really doesn't surprise me at all, they've obviously spent much more than they're worth. Eventually, the financial backers will pull out and that'll be the end of it.

[robferatu]

brainofj said:

sinister1 said:

I would think they wouldn't drop them quickly. Instead, they'd decide to get more involved with running TNA, making cost caps and putting holds on signings and such.

It's been a few years already. And all I was saying was that having a huge bankroll doesn't mean you have license to fritter it away while you promise that you'll be turning a corner "any day now". Ask WCW how much good having a huge bankroll behind them did for them. Oh, wait.

Jed Shaffer
~Funny how WCW comparisons keep popping up with TNA. It's almost as if it was created from the ashes of ...

I think TNA is slowly backing it's self into a corner and as much as I would like to see it stick around for along time, I really don't see it lasting past this decade. Everytime TNA seems to have a chance and make money, they screw it up by spending another half a million on someone else. I can understand them wanting to bring "names" in with drawing power. But this isn't 1997 and Sting isn't ask big of a name as he once was, as for Kurt Angle. Things really haven't improved since he came on broad and he still looks out of place to me.

This is not to say TNA can't turn things around, the could...but it doesn't seem like they will.

[HMARK Center]

The report did say that it was Bound For Glory that they lost money on.

No word on whether or not having Sting and Angle actually hurts their net profits or not, though.

Either way, not particularly good news.

[soultsukino]

I've always thought TNA's in ring stuff was good to great (at least it was before russo showed up) but outside the ring they were a disaster. When the president of your company admits they lose close to a million bucks a year (and this was before Sting and Angle) then you are screwed.

[hollywood]

cenamark21 said:

This is why I don't think RVD will go to tna. They probably can't afford the bare minimum of what he'd want, and it's not like he's a huge draw.

I hope to God RVD doesn't go to TNA. I like the guy a lot, and I think he's being misused by the E (along with a dozen others). But if he goes to TNA with Russo in charge (assumming they could afford him), he'll be reduced to weekly 4:20 jokes.

Stay in the E, Rob. Otherwise, just work the independent/international scene. Avoid TNA like the plague.

[Deleted]

So they are lost money on BFG but, keep spending it on Eckstien, AJ Persynsky (sp) and Dale Torborg?

franchise302 said:

Whens Turners no compete clause expire?

Turner can do what he wants and air it on any station he can get to air it since he left Time Warner. He could buy TNA right now if Panda would sale. The only no compete is on Time Warner airing non-WWE wrestling on their networks throw 2011.

[rrm15]

If Ted Turner was gonna fund something, it should be ROH or a similar company. Push it as a legit contest. Sports fans and UFC fans could get behind it when they see how different it is from the McMhaon stuff.

[voiceboxisback]

It will be hilarious to see how the TNA uber-marks on youtube react and try to spin this news.

[Will Has 'Til Five, Ref]

voiceboxisback said:

It will be hilarious to see how the TNA uber-marks on youtube react and try to spin this news.

We won't be getting Kent Jones' reaction that's for sure.

[KingPopper]

I love Sting and Angle in TNA, and BFG was one of the best shows I've been to. Damn shame to hear everything is burning a hole in TNA's pocket.

[JMA]

TNA could save a ton of money by not hiring every wrestler let go by WWE. The roster they have now is fine, it just needs to be used properly.

[Kevin Hamilton]

I don't see Turner ever throwing his hat back in the wrestling ring so to speak again. Why would he?

[Ace Diamond]

heartburnkid said:

We won't be getting Kent Jones' reaction that's for sure.

Again, commence the dancing!

[Can you afford to pay me, Gah]

franchise302 said:

Whens Turners no compete clause expire?

That as already ended, I think was Jan of last year or 05 can remember. I know it did because boards were talking like WCW was going to return. The Turner and AOL thing I though broke up. But he doesn't seem to have interese in wrestling other wise he be back already.

TNA made a lot of mistakes. Some of which why there product is not drawing a dime. It not I don't think how they spend there money but how they booked the shows and talent. I mean who knows were TNA would be if Jarrett didn't book himself as World champion and feed his ego.

I mean would happened to TNA if these things happened or didn't happen.

1. Raven became World Champion in '03 when he was the hottest guy in the indies. Everyone wanted to book himand fans wanted see Raven and Raven was at his best he was in years in the ring and on the mic he was great in TNA.

2. Ron Killings: What if TNA contiuned his ME push in 03 and not have him moved down to the who 3 live Crew and become a Mid Carder. He was a great heel in the early TNA. What would happened if after he lost the title to Jarrett if he was in the picture this who time?

3. Monty Brown: What if in 05 he won at Final Resolution and became champion then? He was very popular and over. Fans thought it was his night that night. What would happened if he was champion during a point whenhe was red hot?

4. If Dusty Rhodes never became the head writer for TNA. People said his booking at that time was very bad. What if that never happened? Were would TNA be now?

5. Vince Russo coming in. Everyone runs down on anything he does. Now what if he never came in at all. Now I did enjoy his heel work in 03. IMO 03 was TNA's best year over all. Mainly because they had a little of everything.

Now I don't have a problem with them signing guys like Sting and Angle. I understand there reason. TNA to be taken as a threat and they know that they need guys fans knew who they are so they get them to watch Impact.

I think were TNA went wrong is signing Hall, Savage, and Nash. Lets face it. These are three exensive investments that they brought in to hope that they drew a buyrate and were a complete waste. Tell me why TNA should pay Nash high dollar? He done jack for TNA. Big deal if his segements are funny. He a high Dollar guy the sits there and talks.
He doesn't wrestle. He doesn't even appear infront of the crowd during Impact over have the time. So what are we paying him for? A comic act? A waste. I mean the man is worthless for what TNA pays him.Fans are not going too order a PPV to see Nash talk.

Scott Hall and Savage were a waste of time and money. Hall was out of shape and still can't keep his drinking under control. Savage wasn't even in shape period. Yet TNA wasted money on him too and I think Why? I mean having a big name is one thing but having that name in shape enough to proform is another. Savage wasn't that at all and I wouldn't waste money in signing him.

TNA signed a lot of guy who fans don't care about. A lot of EX wwe guys who were released got signed just because they were in the WWE. A guys which fans didn't care about or had a interest in. EX Kip James or Ekio.

The times they paid Lex Luger to wrestle when he was out of shape and less entertaining then ever.

TNA throw a lot of money away over there run. Money that they didn't have to spend because fans didn't want them. Everyones knows the guys who been in WWE or WCW charge more then a guy who hasn't. TNA didn't need to book Eric Watts because fans don't care about him. They don't need the Harris Brothers because fans don't care about them.

I think the biggest mistake was going to Universial Studios. Why? because they don't get a dime from the fans for a ticket. Fans pay to get into the park itself. TNA doesn't have a regular Ticket revenue and that what hurting them the most. Which is something I've said for years about TNA.

That was the only advantage they had in Nashville. Sure they didn't look as great on TV and was small. But at less fans had to pay to get in.

TNA should found a place that was decent sized were they looked good on TV and could charge for Tickets to get that important revenue. That is the biggest deal for any mainstream wrestling promotion. The two big money drawing is Tickets and Buyrates. Without having the one you not going to gain much.

[Mr. Backlund]

Looking at this from Panda's perspective, you have to think that eventually Robert Carter is going to tell Dixie enough is enough and stop their venture capitalist gamble from bleeding anymore money. The only reason a company like Panda would acquire another is because it has growth potential or they can use the acquisition to better their own company. Realistically, Panda owning TNA makes little to no business sense as there's no leverage for their company to hold a wrestling outfit. Additionally, TNA doesn't look to be a business that's going to be making someone pure profit anytimre soon, making it pretty pointless to hold. If they keep the current business model in place, Panda's either going to pull the plug or it'll prove the point that this is Robert Carter letting his daughter have some fun and run her own business, writing off the disastrous results come tax season.

That being said, if Panda was a publically traded company, they would have never acquired TNA in the first place. Seeing as its private and there's no investors to answer to, you get situations like this.

[Smarky]

chainsawiscaw said:

In other TNA news, TNA kicked your grandmother in the head. And then out came the zucchinis...

Would these be Ancient Prehistoric Zucchinis?

[AriadosMan]

mrbacklund said:

Looking at this from Panda's perspective, you have to think that eventually Robert Carter is going to tell Dixie enough is enough and stop their venture capitalist gamble from bleeding anymore money. The only reason a company like Panda would acquire another is because it has growth potential or they can use the acquisition to better their own company. Realistically, Panda owning TNA makes little to no business sense as there's no leverage for their company to hold a wrestling outfit. Additionally, TNA doesn't look to be a business that's going to be making someone pure profit anytimre soon, making it pretty pointless to hold. If they keep the current business model in place, Panda's either going to pull the plug or it'll prove the point that this is Robert Carter letting his daughter have some fun and run her own business, writing off the disastrous results come tax season.

That being said, if Panda was a publically traded company, they would have never acquired TNA in the first place. Seeing as its private and there's no investors to answer to, you get situations like this.

So TNA can only stay on air because its owned by a private company (as opposed to one with investors)? This would explain why TNA's financial affairs are so secret as opposed to WWEs.

If all this is true, spending money to acquire RVD when/if he leaves WWE would be a HUGE disaster. If a main-eventer like Angle can't give TNA's ratings a life, how could RVD? (And I know lots of people think RVD deserves a main event slot, but WWE hasn't given him much of one)

As it is, TNA's problem is that they market themselves as an "alternative" to WWE, but they seem entirely dependent on main-eventers from other feds to sustain their business (Sting, Angle, Kevin Nash, hell even Poppa Pump). They consistently sacrifice their homegrown talent such as the X-Division and Ron Killings to give main-eventers from other feds big "event" pushes.
This has two results:
#1. It makes TNA stars who weren't main-eventers in other feds look "bush-league" in comparison
#2. It makes TNA dependent on other feds for publicity (see how much they talk about WWE)

Unless if TNA can break this cycle and truly become its own league (and stop booking like '98 WWE reruns) they'll never be a true competitor with WWE.

[Dr. T is an alien]

TNA has both good points and bad points. One of the bad was that they felt obligated to listen to Spike TV when they got their new deal. It was Spike, not TNA or Jarrett, that thought that it would be a good idea to have Jarrett as champ when the show started on the network. Don't get me wrong, I like Jarrett (I grew up watching him on USWA), but the fans who were familiar with the company were ready for something else, which TNA had delivered by making Raven NWA champ, only to have Spike tell them to revert back to the form that the fans were tired of.

Another problem is that they overestimate the value of some of these guys. Sting is no longer worth the money that WCW paid him to work full time in the 90's, so why should he get that kind of money to work 3 days a month in the 00's? Same thing about Team 3D. TNA is a good alternative for established guys who don't need to make a lot of money anymore. Cage signed with them so that he could be semi-retired. AJ and Joe both supposedly turned down WWE contracts in favor of TNA + indy payoffs. According to Raven, that is actually the way to make more money when compared to the contracts of perenial WWE midcarders.

Another problem is that they are not fully utilizing the NWA. One of the things that allowed ECW to stay afloat for a while was the fact that he only ran bi-weekly, which allowed certain guys who had name value in Japan to split time between Japan and ECW. Since TNA only meets 3-4 times a month, why can't they arrange something with New Japan to bring big names in on a regular basis? Hell, such a deal might make it easier to sign free agents because it might encourage NJPW to bring in a few of TNA's big names, creating more opportunities of income for the wrestlers.

Another bad thing is that Dixie doesn't realize who knows what they are doing and who doesn't. Jarrett has a fair amount of knowledge, and now seems willing to be in the background, but his wife's illness probably keeps him from filtering out Russo's really crappy ideas. They have Cornette, but don't use him the way that they need to. I think that ideally it should be cornette booking matches, Russo writing character development, and Jarrett picking which ideas that they will use of each. Too bad it just isn't that way.

At least it seems to me that Dixie is being allowed to play with this new toy of hers. It seems to me that she is really interested in doing well; she is just too inexperienced to do so yet.

[Banned Member]

So when does Mcmahon buy the company?

[Shy Guy]

this wouldn't have had happen if A1 was still around,