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 Details On How TNA Avoided Disaster This Past Weekend

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PostSubject: Details On How TNA Avoided Disaster This Past Weekend   Tue Jun 14, 2016 12:13 pm

PWInsider reports that TNA almost wasn’t able to air Slammiversary and produce tonight’s tapings; several issues had to be cleared up at the last minute to make it possible.

A post by Dean Broadhead (Chief Financial Officer and Chief Operating Officer of TNA) on Facebook this past Friday mentioned that on Saturday morning he had to “secure interim financing” within 12 hours for “production trucks to roll” for the events. He put in 80 phone calls on his cell phone to attorneys, vendors, bankers and employees. He said he only had 12 hours to deal with lawyers, bankers, accountants and owners. Since they were spread out over the world, he had to use all of his phone calls.

He added: “Maybe it’s time to retire. But maybe not until everything is in it’s right place.”

Broadhead’s financial management is believed by many to be a big reason TNA is still alive today with its current system in place. Aroluxe has been handling finances for TV production. PWInsider speculates that it could be that TNA had to pay them in order to produce PPV and TV. Billy Corgan is set to become a new minority owner in the company, so his investment may have helped.

TNA has also had meetings with possible investors and “strategic partners” in the past few months. There are currently three possible partners.
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PostSubject: Re: Details On How TNA Avoided Disaster This Past Weekend   Tue Jun 14, 2016 12:20 pm

Dean doing whatever he can to keep Dixie as the majority owner Bruh......

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PostSubject: Re: Details On How TNA Avoided Disaster This Past Weekend   Wed Jun 15, 2016 1:39 pm

That's ridiculous you don't run a business like that
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