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 TNA "essentially out of money"

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PostSubject: TNA "essentially out of money"   Mon Apr 18, 2016 8:05 pm

Souse: The Wrestling Observer
Paul Fontaine wrote:
TNA president Dixie Carter was hopeful of securing a deal whereby an investor would purchase 49% interest in the company, allowing her to maintain a majority interest. Whether she finds a company willing to do that or not, the company is in a crunch position as they are essentially out of money and will require a cash influx to get them through their next set of TV tapings scheduled for later this week.
http://www.f4wonline.com/tna-news/aroluxe-marketing-revealed-company-negotiating-tna-211256

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PostSubject: Re: TNA "essentially out of money"   Mon Apr 18, 2016 8:05 pm

panic

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PostSubject: Re: TNA "essentially out of money"   Mon Apr 18, 2016 9:07 pm

panic

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PostSubject: Re: TNA "essentially out of money"   Mon Apr 18, 2016 9:08 pm

Oh shit.
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PostSubject: Re: TNA "essentially out of money"   Tue Apr 19, 2016 12:28 pm

It was reported earlier today that TNA is negotiating with Aroluxe, a Tennessee based marketing company, for a controlling interest in TNA Wrestling.

PWInsider.com is reporting more details on the relationship between Aroluxe and TNA, noting that Aroluxe has been working with TNA since January 2016, and Aroluxe has been handling all TNA TV taping expenses, with TNA later reimbursing them.

One report, which is unconfirmed at this point, is that TNA reportedly owes Aroluxe a payment due in the immediate future, with the day varying from today to this Wednesday. If TNA was unable to make the payment, Aroluxe would then be able to claim majority ownership of TNA, with Dixie Carter being a minority owner.

In regards to Dixie Carter, it was mentioned that Panda Energy has not put any money into TNA in 4-5 years, and when Carter bought out Jeff Jarrett last year, she remained the only stockholder.

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PostSubject: Re: TNA "essentially out of money"   Tue Apr 19, 2016 1:22 pm

Looks like the "I wanna be the owner of a wrestling company" game is over for you Dixie :c Don't kill the promotion, please :c
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PostSubject: Re: TNA "essentially out of money"   Tue Apr 19, 2016 1:38 pm

Dixie wants to get some Nazi ownership. Not even joking, look it up. Funny
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PostSubject: Re: TNA "essentially out of money"   Tue Apr 19, 2016 2:45 pm

So is TNA going to change their name to Total Nazi Action? panic

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