WON Preview: Time is ticking for a TNA sale

  • F4W Staff
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The following is an excerpt from this week’s Wrestling Observer Newsletter, available for subscribers. Ordering information is below.

With Bound for Glory and television tapings scheduled for this week, the expectation was that TNA would be sold by now, although that’s been the feeling for weeks.

As of press time, it still hasn’t happened.

This puts the company in a tough position because Dixie Carter is still the majority owner of the company with 70 percent of the stock. But, she has no money to fund this coming week’s shows.

This has been the case for every set of tapings going back several months, where in the end, either Aroluxe at first and Billy Corgan of late, have funded the tapings in exchange for ownership. We’ve also heard word that Fite TV has a stake in the company.

The shows are all written. The talent has tickets for Orlando. But the money isn’t there to produce the shows, which would be around $600,000. The frustration across the board has grown with fingers pointed at Carter for making a mess of the sale negotiations.

“There are a lot of hurdles and games being played,” said one person with knowledge of how the sale talks are going. “She (Dixie Carter) has really made a mess and is responsible for all of it.”

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