TNA Now Illegal in Tennessee?

[GindyDraws]

Have to give credit to user MiLB Fan over at Freakin' Awesome Network, my main base of operations.

According to Dave Meltzer, they have until 5:30 EDT today to salvage what they can, or otherwise, they won't be allowed to operate legally anymore. If you go to the State of Tennessee's business operations website, you can see for yourself how this affects TNA and some of its parent groups.

I post this here due to the fact that this may actually be how TNA dies, and it would be a rather strange way for this promotion to end.

Click to read more...

 

[yukoner88]

managed by manager managed lol

 

[GKJ]

What the heck is going on

 

[iamjs]

so for those of us who don't know the backstory and since there's no links included in this thread, what the hell is going on?

 

[Cor]

By the looks of it, TNA's Business Licence got revoked.

 

[Kimi]

TNA is what's going on.

They're meant to file official papers yearly, but they missed the deadline. A second deadline was today, and they sill haven't filed.

But I've no idea what this actually means or what might happen. I've no clue how stuff like this actually works. I read a while back about them them changing company names or something, which was when the Harris twins were getting involved. Maybe this has something to do with that?

 

[Diamondillium]

TNA is just a self-fulfilling stereotype at this point.

 

[Emperoreddy]

TNA TNA TNA.

I hope this zombie company shuffles along forever.

 

[Del Preston]

Every time you think TNA has hit rock bottom, something else comes up.

 

[GindyDraws]

so for those of us who don't know the backstory and since there's no links included in this thread, what the hell is going on?

Alright, here's the easiest way to explain: Every year, companies have to file forms to remain operational in the state of Tennessee (which is true just about everywhere, but I'm sticking to where this takes place), and the only reason people noticed about this was that a few months ago, Dave Meltzer wrote a story about how TNA had until July to file paperwork that would allow them to remain operational. They missed that deadline. He then commented that they have a secondary deadline to make good on what was owed (which was yesterday), and from the looks of it, they missed that, too.

Only Arlouxe, the film company that oversees the tapings, has a valid business license, but it's highly unlikely they absorbed all of TNA's assets in a quick period, especially given that it would have been publicized by TNA itself.

Also, they still are using "TNA Entertainment, LLC" as their company name for Bound for Glory advertisements, but that is not valid anymore.

 

[Cor]

By the looks of it, TNA's Business Licence got revoked.

TLR For Above

 

[scrubadam]

Whats with the Harris bros and where they get the money to fund TNA? It's not like they were huge stars in wrestling or something.

Maybe TNA is a front for something more shady LOL ???

 

[Kimi]

The money from the Harris brothers isn't their own, it's from the marketing company they work for.

 

[CaptainCrunch67]

The money from the Harris brothers isn't their own, it's from the marketing company they work for.

Plus they spent a lot of time in the WWE, and they probably got massively overpaid when they were in TNA.

Plus it pays well to be a racist nowdays I hear.