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The Tennesseean featured an article today noting that the State of Tennessee has filed a lien against TNA for unpaid taxes. The amount owed is not listed in the article, which you can read by clicking here. Thanks to everyone who sent that along.
Documents filed with the Tennesee State Secretary show that Aroluxe's secured debt is for $3.4 million. PWInsider research shows the secured debt for Anthem Sports and Entertainment Corp, the parent company of The Fight Network is for $500,000 (so that is the investment that lead to the Network getting a minor ownership stake in the company as well as worldwide streaming rights to the TNA library). The secured debt for MCC Acquisitions Corp (which, based on numbers we have heard tossed around, fits with the cost for the Bound for Glory PPV and subsequent TV tapings) is $1.1 million. Aroluxe's secured debt is listed at $1.8 million as of last March. None of this would include whatever Billy Corgan's investment was over the course of 2016. As secured creditors for the company, the three aforementioned entities would be first in line to get something if the company shutters operations and goes into bankruptcy.
The New York Post featured an article on Billy Corgan filing a lawsuit against TNA, Dixie Carter, etc. The article claimed that Corgan was upset because his investment in the company did not gain him a "majority stake as he had been promised." The article quoted a source noting, "He expected to have more control after investing in TNA but it hasn’t turned out that way.” The odd thing about that quote is Corgan became President of the company and is currently the final word on the creative team, so the idea that he didn't have enough control just seems off.
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