Why does everyone Assume TNA is going out of business? - Wrestling Forum : WWE, TNA, Debate League, Wrestling Videos, Women of Wrestling Forums
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Old 06-23-2014, 11:17 AM   #1 (permalink)
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Default Why does everyone Assume TNA is going out of business?

Seriously...

Bob Carter is a billionaire.

TNA has plenty broadcasting deals around the world and they're seen in at least 30 countries.

If TNA was so bad would Jeff Jarrett and Toby Keith make an offer to buy it.

The talent cuts (AJ, MCMG, Bad Influence, etc) seem more like TNA a restructuring of the Pay Scale. IMO the only guys worth over $500K were Angle, Sting, and Hardy.

As for the poor house shows attendance. I'm sure its still all profit. TNA isn't paying the wrestlers travel expenses. So you probably only have the cost of renting a venue and travel costs for the ring crew.
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Old 06-23-2014, 11:22 AM   #2 (permalink)
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Default Re: Why does everyone Assume TNA is going out of business?

Slipping ratings that were not great to begin with, poor attendance at live events, poor merchandise sales, no advertising deals and of course a declining product.

Now I for one do not think they are going out of business but I can see why some would and I can see if TNA does not fix things it is possible in a few years they could be done. As far as Bob's Billions they only matter if he is willing to spend them to run TNA. You do make good points about their revenu outside of the US. And as bad as their ratings are they do do about 1/4 of Raw and 1/2 of Smackdown. Not to shabby for a little "indy" promotion with a tv deal when compared to THE name in pro wrestling.
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Old 06-23-2014, 11:27 AM   #3 (permalink)
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Default Re: Why does everyone Assume TNA is going out of business?

Because this time around, wrestlers are actually coming out and complaining. At first, it was just the dirtsheets and their insiders but now with stories from AJ Styles, Daniels, Kazarian,etc. now maybe something is wrong. Add to the fact, Spike haven't resign them yet,its basically under 3 months to get a new deal.

Panda Energy doesn't put money into TNA anymore from what I've heard.
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Old 06-23-2014, 11:30 AM   #4 (permalink)
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Default Re: Why does everyone Assume TNA is going out of business?

If TNA's state was solid, then they wouldn't have had to cut wrestlers because of their budget cut restructuring, and putting up the company for sale (and the rumors with it) would have never happened.

They are making enough to stay where they are, but that's not good enough.
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Old 06-23-2014, 11:54 AM   #5 (permalink)
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Default Re: Why does everyone Assume TNA is going out of business?

I don't think the wrestlers being cut meant TNA was headed towards going out of business. I think it meant those wrestlers were making/going to be making more than what TNA felt they were worth going forward.

3 letters as to why people think TNA is going to be going out of business. W C W. I wasn't watching towards the end of WCW so I can't say what the product was like. but regardless of the product it was more on the merging of companies (AOL/Time Warner) as to why WCW sold it's wrestling.
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Old 06-23-2014, 12:03 PM   #6 (permalink)
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Default Re: Why does everyone Assume TNA is going out of business?

Quote:
Originally Posted by USAUSA1 View Post
Because this time around, wrestlers are actually coming out and complaining. At first, it was just the dirtsheets and their insiders but now with stories from AJ Styles, Daniels, Kazarian,etc. now maybe something is wrong. Add to the fact, Spike haven't resign them yet,its basically under 3 months to get a new deal.

Panda Energy doesn't put money into TNA anymore from what I've heard.
What wrestlers are coming out???? Oh thats write guys who weren't resigned.

Why would Spike Resign TNA when they were going after the WWE? Spike will definitly resign TNA.
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Old 06-23-2014, 12:03 PM   #7 (permalink)
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Default Re: Why does everyone Assume TNA is going out of business?

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Originally Posted by Headliner View Post
If TNA's state was solid, then they wouldn't have had to cut wrestlers because of their budget cut restructuring, and putting up the company for sale (and the rumors with it) would have never happened.

They are making enough to stay where they are, but that's not good enough.
Well to be fair WWE has released talent supposedly as cost cutting move. No one thinks they are even close to going out of business. Companies the world over release employees to cut costs. As far as rumors of TNA being for sale I wonder if that is all due to Jarrett being interested in buying them. If so then WWE should have had rumors of being up for sale as A&E was interested in buying them.

Exactly and thus they are going through the growing pains of all young companies. Figuring out how much to spend to expand and how to get in new streams of revenue to help grow.
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Old 06-23-2014, 12:09 PM   #8 (permalink)
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Default Re: Why does everyone Assume TNA is going out of business?

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Originally Posted by Hencheman_21 View Post
Well to be fair WWE has released talent supposedly as cost cutting move. No one thinks they are even close to going out of business. Companies the world over release employees to cut costs. As far as rumors of TNA being for sale I wonder if that is all due to Jarrett being interested in buying them. If so then WWE should have had rumors of being up for sale as A&E was interested in buying them.

Exactly and thus they are going through the growing pains of all young companies. Figuring out how much to spend to expand and how to get in new streams of revenue to help grow.
Look at the difference though. WWE is a multi-billion dollar international media giant. They cut wrestlers when contracts with companies don't go so well. TNA does it because they simply can't afford them. Big difference.
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Old 06-23-2014, 12:16 PM   #9 (permalink)
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Default Re: Why does everyone Assume TNA is going out of business?

Quote:
Originally Posted by Headliner View Post
If TNA's state was solid, then they wouldn't have had to cut wrestlers because of their budget cut restructuring, and putting up the company for sale (and the rumors with it) would have never happened.

They are making enough to stay where they are, but that's not good enough.
WRONG....

Plenty of Pro Sports team do this all the time and they're not hurting for cash.

They sign a guy to a big deal then when its time to resign they offer him less because they realize he wasn't worth the price. What you don't understand is if you pay a guy like Chris Daniels $300,000 per year and he wants $400,000. Everyone in TNA will want a 25% raise and all the guys on his level (upper midcard) will want a similar deal.

Also when was TNA actually up for sale? I don't remember Panda making an announcement. Also what did the rumors do to TNA? This isn't a publicly traded company so there is no need to kill potential sale rumors. The sale rumors probably help TNA more then anything.
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Old 06-23-2014, 12:17 PM   #10 (permalink)
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Default Re: Why does everyone Assume TNA is going out of business?

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Originally Posted by Headliner View Post
Look at the difference though. WWE is a multi-billion dollar international media giant. They cut wrestlers when contracts with companies don't go so well. TNA does it because they simply can't afford them. Big difference.
Who said TNA can't afford them. Not one of us on this board is privy to TNA's financial dealings.

If TNA is in such bad shape why did Jeff Jarrett want to buy them?
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