Wednesday, October 19, 2016
TNA Expected To Eventually File For Bankruptcy
Dave Meltzer also commented on the sale of the company and Dixie Carter not wanting to look bad, which is a baffling concern at this point:
"The whole thing is, Dixie is still trying to figure out a way - this is why it hasn't been sold - I don't know if it's to stay in control but the whole thing is, she doesn't want to look bad publicly."
Meltzer did not say if TNA would be filing Chapter 7 or Chapter 11 bankruptcy. It's possible TNA could stay alive if they filed for Chapter 11 but Chapter 7 would likely mean the end of the company. As noted this morning, TNA has scheduled TV tapings at Universal Studios in Orlando for early January.