According to SEScoops, the state of Tennessee issued a tax lien against TNA Wrestling for unpaid taxes. The Davidson County Register of Deeds declared the lien was filed on September 8th. The listing in a number of databases had the debt at 0$, because of public record companies not realizing the Register of Deeds failed to record the lien amount.
TNA owes so much to Tennessee that the state could seize the company if it fails to pay. TNA is operating under the newly-formed Impact Ventures LLC, although the tax law in Tennesess covers successor companies. Dixie Cater may have to take a lower asking price to pay the lien if someone buys the companies; and if not, the new owners could have the state go after them for the money.
It is the state’s discretion whether it will take TNA’s assets. It would have to file a lien against Impact Ventures and whomever might buy the company to do so, although they cannot go after a successor company for more than the purchase price.
