The Big Wrestling Thread!

By Wannes
in The Sporting Arena

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Grand Master

MightyJordan

Posted
Posted

Zack Ryder's in the Hall of Fame!Β http://www.wrestlecrap.com/inductions/induction-zack-ryder-vs-kane-friday-the-13th-part-z/

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Rising Star

DeltaXray

Posted
Posted

I just don't know whats going on with TNA these days. Β They get rid of Bischoff and the Aces and 8s along with it. It starts to get better. Then they re-hire f*****g Russo?! Β Most of the roster has been let go and we have a bunch of rejects 'the menagerie' and MVP turning heel (because with Russo obviously every authority has to be a heel) and none of the story lines making one bit of sense.

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Tna has finally sunk.

Grand Master

MightyJordan

Posted
Posted

I just don't know whats going on with TNA these days. Β They get rid of Bischoff and the Aces and 8s along with it. It starts to get better. Then they re-hire f*****g Russo?! Β Most of the roster has been let go and we have a bunch of rejects 'the menagerie' and MVP turning heel (because with Russo obviously every authority has to be a heel) and none of the story lines making one bit of sense.

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Tna has finally sunk.

Believe it or not, it's even worse behind the scenes...

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We reported earlier this week that the TNA production crew had threated to walk out of the last Impact Wrestling tapings due to late payments. Everything was worked out and the staff received their checks before anyone actually walked out, but more information was given today, courtest of The Wrestling Observer newsletter.

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Prior to being paid at this past week's set of tapings, some of the production members hadn't been paid since early March. And while most people were upset over the situation, not all of them threatened to walk out.Β 
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This same situation with production apparently happened last year around this time. It's believed that Janice Carter, Dixie's mom and the one who controls the company finances, earmarks a certain amount of new month in order to finance times the company is losing money. This held money is outside of the revenue the company makes itself.
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Due to TNA taping so many events and pay-per-views during a short period of time, so far ahead, they simply didn't have the money. It's what got them into financial trouble last year, reports The Observer.
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It is believed that the incident this year was isolated, and NOT normal, however. In 2013, crew members and talent were being paid late regularly. These days, although checks may arrive a few days late occasionally, TNA remains up-to-date and on time with their pay.

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The Menagerie is definitely livening up TNA, but it's vastly outweighed by MVP's heel turn now. At least there's only one WWE reject in there (Knux).

Grand Master

MightyJordan

Posted
Posted

TNA's not alone in their problems though; WWE's definitely having financial problems of their own...

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WWE has announced an emergency conference call this Monday to address its investors and discuss the company's 2014/2015 direction.Β 


WWE? to Host Business Outlook Conference Call
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STAMFORD, Conn., May 16, 2014 (BUSINESS WIRE) ? WWE announced that it will host a conference call on Monday, May 19, 2014 to discuss the Company?s 2014 and 2015 Business Outlook. The Company?s Chairman & CEO, Vincent K. McMahon, and the Company?s Chief Strategy & Financial Officer, George Barrios, will host the conference call beginning at 11:00 a.m. ET.
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All interested parties are welcome to listen to a live web cast that will be hosted through the Company?s web site at corporate.wwe.com . Participants can access the conference call by dialing 1-888-424-8151 or 1-847-585-4422 using the passcode: 7849998. Please reserve a line 15 minutes prior to the start time of the conference call.
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The Company?s Business Outlook release to be referenced during the call is available at ir.corporate.wwe.com . A replay of the call will be available after the conference call concludes, and can be accessed on the Company?s web site.
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Lemelson Capital announced this week that they had purchased a stake in World Wrestling Entertainment, and have asked the board of directors to remove "the executive management team" after a "period of consistent losses execution issues and material misstatements." Among Lemelson's issues, they have a problem with the way WWE has been explaining and promoting the Network to investors, and that the company stands to lose between $45 million and $52 million in 2014.Β 
Β 
The conference call should reiterate statements made by Vince McMahon in the past, and confirmed by several others sources, that essential reinforce the stance that WWE is aware of the net loss for 2014, and that the cost of launching the WWE Network is a long-term plan that will pay for itself in 2015 if a certain number of subscribers is met.Β 

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