GKJ
Global Moderator
- Feb 27, 2002
- 193,199
- 43,604
It would be pretty hard to mistake a 7 foot tall guy in a trenchcoat...
This is the time of year to get away with it though
It would be pretty hard to mistake a 7 foot tall guy in a trenchcoat...
The emails leaked from the lawsuit re: TNA, and it doesn't look good. It pretty much looks like Dixie herself named Corgan President of the company without even knowing how much power or what kind of power he would have and essentially screwed herself.
Not only that, but she took Corgan's money on the condition that if she defaulted on a payment, the company and the shares Dixie owned would go to Corgan for nothing. Now, she's defaulted on payments and the 92.5% of shares that she owns are going to Corgan for no cost (except the debt he's owed, of course). Dixie knows it, Corgan knows it, the lawyers know it. It seems Dixie tried selling assets to raise enough money to pay off Corgan and keep the company but it obviously didn't work and they tried keeping Corgan out of the loop long enough to do it. Again, didn't work. Corgan filed the lawsuit once he found out.
Corgan owns TNA and Dixie is a gigantic idiot - a bigger one than we thought.
was it confirmed to be really him?
His lawyers obviously get a pat on the back, but god damn Corgan out carny'd a carny.
Jesus Christ, Dixie never had a ****ing end game, it's like she just kept hoping to find more people to give her money and just kept trying to buy time.The emails leaked from the lawsuit re: TNA, and it doesn't look good. It pretty much looks like Dixie herself named Corgan President of the company without even knowing how much power or what kind of power he would have and essentially screwed herself.
Not only that, but she took Corgan's money on the condition that if she defaulted on a payment, the company and the shares Dixie owned would go to Corgan for nothing. Now, she's defaulted on payments and the 92.5% of shares that she owns are going to Corgan for no cost (except the debt he's owed, of course). Dixie knows it, Corgan knows it, the lawyers know it. It seems Dixie tried selling assets to raise enough money to pay off Corgan and keep the company but it obviously didn't work and they tried keeping Corgan out of the loop long enough to do it. Again, didn't work. Corgan filed the lawsuit once he found out.
Corgan owns TNA and Dixie is a gigantic idiot - a bigger one than we thought.
I don't think WWE understands that people like Ellsworth ironically. He's a geek that shouldn't be there, and it's funny. But in typical WWE fashion they just look at things superficially and think "BOY THEY REALLY LOVE ELLSWORTH HUH?"
I don't hate the guy by any means, but the joke is over. It was funny and entertaining the first two times, but now they've exhausted any novelty he once had. If you want to bring him out at the Rumble that's fine, but for the love of God these guys ruin EVERYTHING.
If anyone wants out, they can just walk now as pay has been late again recently.Can they just fold so the people worth talent can get out of that hell hole and go somewhere proper?
ECW lost money, but it wasn't as stupid as TNA is about. They shut down before it got real bad. Same with Smokey Mountain.Dixie aint no saint or genius, but can you fault her for scratching and clawing her way to trying to keep her own wrestling company. Heyman did the same thing with ECW and he is revered. He basically bankrupted it, shut the doors and showed up on RAW a few days later to everyones surprise.
Its stupid business to do what she did, but if you own a company a lot of times you will borrow money from where ever you can to keep it going without thinking about how you will pay it back.
If anyone wants out, they can just walk now as pay has been late again recently.
No one is leaving as they all like money, and TNA give them it (usually). A regular cheque is worth a lot to most of them.
They had problem earlier in the year, but since then it's been fine until now.Several guys have said they were owed triple figures before they left. I doubt anyone ever gets paid over there on time.
ECW lost money, but it wasn't as stupid as TNA is about. They shut down before it got real bad. Same with Smokey Mountain.
Not takeing anything away from Dixies stupidity or bad business sense, just saying its not surprising the lengths some people will go to keep their company a float. I am sure when she took Billys money she probably knew it would be hard to pay him back but she just wanted to keep her baby.
Talents aren't getting paid.
Corgan says he was never made aware of the company's true debts and isn't even sure if WWE was made aware of them when they were talking last month. “If defendants falsely represented to WWE that the company’s liabilities were only [redacted] as stated in the June 30, 2016 balance sheet, the evidentiary value of any “offer†WWE may have made would be even more dubious.â€
Total Nonstop DELETION, which would have been filmed on the Hardy compound, is postponed due to -- you guessed it -- lack of funds.