TNA Wrestling reportedly avoided a major disaster over the weekend, which seemed to apparently be confirmed by the company’s Chief Financial Officer and Chief Operating Officer Dean Broadhead on his personal Facebook page on Saturday morning, the day before the TNA Slammiversary pay-per-view.
Speaking through his official account, Broadhead noted that he had to secure interim financing with a 12-hour window in order for production trucks to roll for the TNA Wrestling pay-per-view and current tapings. While it should be noted that Aroluxe had been handling the financial end of TNA Wrestling’s television production, this may have been a case of the company having to reimburse them in order to have them to move forward with producting the pay-per-view events and television tapings.
Broadhead noted that between Thursday and Friday of last week, he had logged over 80 phone calls on his cell phone to attorneys, vendors, bankers and employees and that he had a 12-hour timeframe to deal with lawyers, bankers, accountants and owners and given that they were spread out over the world, that required all of his phone calls. Broadhead commented that maybe it is time for him to retire, but noted that maybe he will not do that until everything is in its right place. If Broadhead follows through on those words, then it would be a major loss for the company as he has been a major reason that the company has managed to exist financially in recent years, according to a report from PWInsider.com.
The report from PWInsider.com notes that TNA Wrestling have been meeting with a number of potential investors and strategic partners in recent months and that there are three potential suitors, while also noting that Billy Corgan has come on board or is close to coming on board as a minority owner in the company.