Favorites Edit

TNA News: TNA hit by another lawsuit

712   //    20 Oct 2016, 12:01 IST
Yet another lawsuit! Will 2017 mark the end of TNA?

It has been a year to forget for Dixie Carter and TNA (Total Non-stop Action) wrestling. After constantly featuring in the news over the past few months for a number of reasons, the latest one is yet another one to put the endangered loyalists down to shame.

It has been reported that the United States-based wrestling company is being sued yet again; this time for unpaid bills related to travel. Renowned travel service providers American Express had apparently filed a lawsuit against TNA back in July, claiming that Dixie Carter and her company owed them a total of $269,040.50 in expenses.

These expenses were charged to the company’s American Express Corporate. Reports also claim that TNA had initially agreed to the payments of these billings on a monthly basis with a stipulation that benefited the travel service provider with additional financial penalties and court costs, should such a situation ever arise.

Other financial charges and delinquency fees were also a part of this deal. This also implies that the amount of $269,040.50 is bound to rise even further with these legal costs.

TNA was in the news recently for a couple of other lawsuits; one by the state of Tennessee on the company while the other was from the company’s president Billy Corgan against TNA Chairman Dixie Carter, TNA CFO Dean Broadhead and Serg Salias, who is Dixie’s husband.

The state of Tennessee found the parent company guilty of not paying taxes, with the size of the debt so huge that the state could have the right to seize TNA & its properties if the brand fails to resolve the issue.

A report also suggested that the Davidson County Register of Deeds confirmed that the suit was filed on the 8th of September this year.

There were already rumours of an unrest between Billy Corgan and Dixie Carter

The nature of Billy Corgan’s lawsuit still remains a mystery, however, with only news of a temporary restraining order and a hearing for a temporary injunction on the 20th of October having broken into the media yet. It was also reported that Corgan has requested the court to appoint a six-person jury to help resolve the case.

The coming weeks will be crucial for Dixie Carter and her company as she juggles between these lawsuits, all the while ensuring that none of the effects of these hassles spill over to the quality of the upcoming tapings. Though, given the current financial state of the company, the job seems more difficult that it has ever been.

For latest WWE News, live coverage and rumours visit our Sportskeeda WWE section. Also if you are attending a WWE Live event or have a news tip for us drop us an email at fightclub (at) sportskeeda (dot) com.

Topics you might be interested in:
Fetching more content...