Thursday, September 29, 2016

The Very Latest On A Potential Sale Of TNA, Is WWE Still In The Picture?

The Wrestling Observer Newsletter is reporting that it is indeed crunch time for TNA as the company needs to fund this Sunday’s Bound For Glory PPV as well as next week’s television tapings.

Dave Meltzer notes that Dixie Carter, who is still the majority owner in TNA, is being blamed for the making the sale a total mess. Someone with close knowledge of the situation reportedly told Meltzer that there are a lot of, “hurdles and games being played,” and that she is responsible for making a mess of all of it.

Funding this week’s shows will cost around $600,000 and Dixie is said not have the money to afford it. Dixie will be the one who decides who gets the company. Some that Meltzer were talking with believed last week that Aroluxe had control of the company and then this past Sunday thought Billy Corgan had control of it.

In regards to the situation Meltzer had the following to say, “I know the same BS is still going back-and-forth. She is something else. I’ve never met someone so clueless. She is out of touch on all levels. Both sides want her out. There is no doubt there. It’s the only thing they can agree on.”

Earlier in the week it was noted that WWE was back in the picture. That was because of TNA executive “Big” John Gaburick who used to work for WWE but apparently WWE is back out. TNA has millions of dollars in debt to Aroluxe, Corgan and other creditors. If WWE were to purchase TNA they would not be taking on that debt. They would just be looking to purchase the tape library and possibly some of the talent.

If TNA cannot get a deal put together by Sunday then they will have to cancel Bound For Glory and their television tapings next week. That would put them in breach of those respective contracts. That may not guarantee the death of the company but TNA’s television partners could use it as an excuse to cancel the show.

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