Welcome to the WrestleTalk News, our top story today is an update on the potential investors in TNA.
As we reported last week, TNA are currently in the process of finding new investors to buy out a portion of the company.
Well, according to the Wrestling Observer, currently leading the pack of investors is TNA’s own production company, Aroluxe.
For those that didn’t know, former WWE, WCW and TNA wrestlers Don and Ron Harris are involved in Aroluxe and have been TNA’s heads of production for several months.
Aroluxe helped to fund the last set of TNA tapings and are apparently looking to help more in the future.
Interestingly, PWInsider are reporting a rumoured clause in TNA’s contract with Aroluxe, where if they aren’t paid on time by TNA, Aroluxe are able to take the majority stake in the company. According to a currently unconfirmed report, TNA are behind on a payment.
At this point, Dixie Carter is said to be negotiating with a number of different investors but none of them are very happy with her terms. According to a number of reports, Carter is still adamant about wanting to retain at least 51% of the company.
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Oli Davis is the host of the WrestleTalk News. You can follow him on Twitter @OliDavis.
