TNA “close” to being sold

Jul 11, 2016 - by Steve Gerweck


Big update on the future of ‪#‎TNA‬

On Monday’s Wrestling Observer Radio, Dave Meltzer did a breaking news audio update on the sale of ‪#‎UFC‬ and the future of ‪Impact Wrestling‬. For months, we’ve been talking about TNA looking for an investor to help keep the company going. As we’ve talked about before, Billy Corgan and Aroluxe have put money into the company and they are minority shareholders.

The situation with TNA is said to be “close” regarding their sale. They’ve been trying to sell shares of the company so that they could, perhaps, get more money and new ownership while Dixie Carter stays on as President. Melzer’s exact quote on the story is that, “the TNA situation is coming to a head.”

In some ways, this story is similar to the UFC sale. UFC/Zuffa was running everything as “business as usual” and there would be public denials about a sale until the sale was done. In TNA’s case, they are in a situation where they could be close. Those close to the situation say that they are closer than they have been in a while. We don’t know who exactly is looking to buy the company.

One of the questions we get asked is how is TNA able to pay their talent and how are they offering people like Moose deals to sign with them. As noted, they have gotten money from Aroluxe and Billy Corgan but their television tapings are a bigger expense. While there were issues with people getting paid before, everyone seems to be caught up now and people are getting paid.

TNA, just like UFC did before their sale, is running like business as usual until the deal is done. Everyone in TNA is waiting on the sale so that everything can be finalized and stabilized so it’s a waiting game but things appear to be closer than ever.

source: THE SpOtLight

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