Impact Wrestling Admits That They Breached Contract

The legal matters continue to mount for TNA and Impact Wrestling.

According to a report from PWInsider, the company admitted that they breached their contract with former production company “Audience of One Productions, LLC” and that their Repayment Agreement with AO1 was a “valid and enforceable” contract, before the U.S. District Court, Eastern District of Virginia contract in a filing on April 14, 2017.

“Audience of One’s” lawsuit, which was filed in September 2016, claimed that TNA’s Chief Financial Officer Dean Broadhead, as well as “Impact Ventures,” worked to get them on board under the false pretense of using them full-time as Impact’s production company. However, they would then fail to pay them in a timely matter for work done, requiring the set up of an agreed upon payment plan.

According to the lawsuit, Impact allegedly stopped paying after the first initial payment installment was made, which they admitted to in court. This serves as a clear breach of contract.

As part of that admission, Impact Wrestling agreed that the remaining balance they owed AO1 would be paid immediately, plus interest.  The company has agreed to pay AO1 $336,602.  The court officially closed the lawsuit yesterday with prejudice, which means that as long as AO1 is paid in full, they could not bring new claims against the company.

This report continues the long running stream of legal battles for TNA, as they are currently in court with Matt Hardy over who owns the rights to the “Broken” character.

Josh Mathews Leaves IMPACT Wrestling | IMPACT Digital Exclusive April 13th, 2017

Editor’s Note:

Does anyone really care anymore? The best of the best TNA talent should head out and find work elsewhere. This joke of a company is on the 11th hour. It has to be.

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