TNA Operating "In The Black"

[It's Damn Real!]

http://allwrestling.com/Content.aspx?ID=38439

Regarding TNA's financial status, it's said that they are "in the black", which means they have a positive net income, and are in no danger of shutting down. At the same time, there are concern about financial issues in the company.

The new TNA event sponsorship deal with Direct Auto Insurance is worth millions and obviously has helped the company a great deal.

So since dirt sheet reports are often taken as gospel around here despite this company not being a publicly traded one (meaning no one who doesn't work directly for them has access to their financials), can we finally stop the nonsense about how TNA is going to be sold, cave in, collapse or <insert negative adjective here>?

Cool.

 

[Uncle Sam]

And here I thought this was about TNA considering black people as currency, the bastards.

 

[Coco]

I'm typing up a conflicting report for Paglino as we speak.

 

[shattered dreams]

 

[Big Nick Dudley]

Who, in the wrestling spam zone, says TNA is close to shutting down? I think this would better serve the IWC in the TNA non-spam section...

 

[shattered dreams]

Hogan + Bischoff * Russo = BANKRUPT

You can't argue with math bro.

 

[ABMorales787]

It's shit. The report is shit. The dirtsheets are full of shit. They always are.

 

[Big Nick Dudley]

Hogan + Bischoff * Russo = BANKRUPT

You can't argue with math bro.

I'm not sure how much they have helped TNA, but no, I wouldn't guess the company is in bad shape (financially). They operate in a cheap fashion.... and it shows.

 

[klunderbunker]

Haven't they been profitable for years?

 

[MrHashasheen]

Lords of Pain has that same story up...

Except they say that TNA let go the guy who actually got them that deal...

http://www.lordsofpain.net/news/tna...ge_Ric_Flair_News_Update_on_TNA_Finances.html

 

[MrHashasheen]

I'm not sure how much they have helped TNA, but no, I wouldn't guess the company is in bad shape (financially). They operate in a cheap fashion.... and it shows.

They're like the Charlton Comics of the wrestling world, for those of you who are comic-book aficionados.

 

[shattered dreams]

Shame on TNA for operating within their realistic budget constraints. They are never going to become WCW 2.0 like that.

 

[X]

Um...what exactly is this report based on? Does it mention at all where they're getting this info from?

 

[hatehabsforever]

Whoever suggested they were going to go bankrupt and go out of business? The fact that they are operating in the black is hardly a newsflash. Being in the black simply means they are not in the red, which is obviously a good thing, but doesn't necessarily mean they are making much money, and certainly not enough to compete with WWE. Let's see them bring in Goldberg, and a few other questionable moves like this, and see how long they can avoid the red ink.

 

[shattered dreams]

Why would TNA budget - Mick Foley + Goldberg = Broke ?

 

[ABMorales787]

Um...what exactly is this report based on? Does it mention at all where they're getting this info from?

Nope. Just like every other one. But that won't stop people from claiming the Slammaversary VIII buyrates report is true and this is BS.

 

[The Dragon Saga]

Doesn't Panda Energy not invest into TNA? Even if they had a deficit, they'd just get a quick cash injection.

But sadly, instead of "being in the black" in reference to their financial status, they need to "see the light" in reference to their product.

 

[It's Damn Real!]

Um...what exactly is this report based on? Does it mention at all where they're getting this info from?

The same ass the rest of the reports pull their information from?

 

[It's Damn Real!]

Whoever suggested they were going to go bankrupt and go out of business? The fact that they are operating in the black is hardly a newsflash. Being in the black simply means they are not in the red, which is obviously a good thing, but doesn't necessarily mean they are making much money, and certainly not enough to compete with WWE. Let's see them bring in Goldberg, and a few other questionable moves like this, and see how long they can avoid the red ink.

 

[FunKay the Inevitable]

TNA still need to trim the roster, if only becasue there is still fat surrounding it.

 

[ABMorales787]

TNA still need to trim the roster, if only becasue there is still fat surrounding it.

But Hardy's suspended.

 

[FunKay the Inevitable]

I know, the catering bill's been going down a lot since Matt and Jeff left.

 

[ABMorales787]

No wonder they're in the black now.

 

[FunKay the Inevitable]

Now if only RVD left, then they could cut the drug bill even more...

 

[ABMorales787]

Guess Jeff wasn't enough to lower it.