Sealed parts of the lawsuit against TNA could be revealed this week

The walls seem to be closing in on TNA Wrestling. The debt owed to Aroluxe Marketing and The Fight Network totals $3.4 million and that does not include the money owed to Billy Corgan and there are others owed money. Some of the debt is personal debt owed from Dixie Carter to Corgan and there’s also the tax lien issued by the State of Tennessee. Essentially, TNA has several millions of dollars of debt so it will be tough for someone to buy the company unless they want to take on that debt.

On top of all of this, TNA has already sold some of their tape library to The Fight Network.

There is a hearing set for Thursday and it’s expected that the sealed parts of the lawsuit will be unsealed on Thursday so more bad news might be revealed. It certainly does not look good for them.

TNA is covered for the rest of the year except for the taping at Matt Hardy’s compound. That taping takes place during the first week of November and it will cost them money because they need to pay for production costs and they need to pay the travel for the talent that will be on that show.

source: THE SpOTLight