TNA Losing Money On Live Events, Paying Arena’s With Their Own Money
Due to TNA’s live event crowds being so small, the company reportedly has to write checks to the arena to settle out. In most cases, when wrestling shows run arenas, they simply give the building a cut of the profits generated from the shows. In TNA’s case, because they don’t generate enough income off of their shows, they end up writing a check to the building.
A good example is the TNA live event at Temple University last December. Apparently TNA had to write a $15,000 check to the building because the money they took in that night wasn’t enough to cover what they owed to the arena for renting the place.
(Credit: Wrestling Observer Newsletter)