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TNA AVOIDED MAJOR DISASTER THIS PAST WEEKEND

By Mike Johnson on 2016-06-14 09:33:00

While TNA Slammiversary was a very good show and TNA will produce a number of hours of Impact Wrestling for a "live" broadcast tonight as well as future episodes for Pop, perhaps their biggest accomplishment was even getting the tapings to take place.

According to a pair of posts made by Dean Broadhead, the Chief Financial Officer and Chief Operating Officer of TNA, on his personal Facebook page on Saturday morning, he had to "secure interim financing" with a 12 hour window in order for "production trucks to roll" for this weekend's events.

Aroluxe had been handling the financial end of TNA's TV production, so it may have been a case of the company having to reimburse them in order to have them to move forward with producing the PPV and TV. 

Broadhead wrote that between Thursday and Friday of last week, he logged over 80 phone calls on his cell phone to attorneys, vendors, bankers and employees.  Broadhead noted he had a 12 hour timeframe to deal with lawyers, bankers, accountants and owners and given that they were spread out over the world, that required all of his phone calls.

Broadhead commented, "Maybe it's time to retire.  But maybe not until everything is in it's right place." 

Should Broadhead follow through with that, it would be a major loss for TNA as we've heard from sources that Broadhead's financial management is a major reason the company has been able to exist the way it has the last few years.

TNA has been meeting with a number of potential investors and "strategic partners" in recent months.  Obviously, they need to strike a deal soon because there's only so many times they can continue to duck before the law of averages catches up to them.  We are told there are three potential suitors.

As we broke over the weekend, Billy Corgan is either close to or has come on board as a new minority owner in the company, so it's possible his investment helped the company salvage the weekend.

 

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