October 3, 2016 Wrestling Observer Newsletter: TNA at a crossroads, WWE Clash of Champions review, more
With Bound for Glory and television tapings scheduled this week, the expectation was that TNA would be sold by now, although that’s been the feeling for weeks and at 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 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 also has a stake in the company.
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Dave Meltzer is the founder and lead writer on the Wrestling Observer Newsletter, the weekly constant when it comes to news and reviews in pro wrestling and mixed martial arts for more than 40 years. Dave also co-hosts Wrestling Observer Radio with Bryan Alvarez and had had bylines for The National, Yahoo Sports, MMA Fighting and others.