TNA News: TNA May Be Selling Majority Stake Soon, Dixie Carter Trying To Make Deal That Leaves Her Still In Power

Rumors of TNA Wrestling going downhill financially have been running for a while now. We all know TNA is not in the best position, but are they truly that bad off? Is TNA going to go out of business anytime soon? If the company makes the right decision, that may not be the case. TNA President Dixie Carter, among other officials, mentioned that the company was looking for investors a couple months back.

The idea presented to fans officially was that TNA was looking for investors to do more things for TNA in the future. However, this seemed to be smoke to disguise that TNA was having a rough time financially and needed help to keep the company going. When Panda Energy basically pulled out of trying to help TNA, a lot of things changed for the company. They were more than happy to offer contracts to anyone with a “former WWE Superstar” tag, but they would not pay homegrown talent fairly.

This led to the departures of TNA Originals like AJ Styles, Samoa Joe, Austin Aries, Bobby Roode, Kaz, Chris Daniels, and Eric Young, just to name a few. Three of them are now signed with WWE, and two more could be on the way. Meanwhile, others have returned to places like Ring of Honor and even New Japan Pro Wrestling. James Storm even left at one point and appeared with WWE NXT. He was offered a deal for reportedly $100,000 by WWE, but TNA outbid them for the Cowboy, which did not seem like a total loss. TNA could be losing more talent, including both Matt and Jeff Hardy when their respective deal is up.

Regardless of who left, will leave, or who stays, TNA is not in the best place, and adding investors was a good plan. However, they’re not so much helping TNA build but rather helping them stay alive. According to the Wrestling Observer, the company was evicted from their office building after falling behind on payments, which takes place at the end of the month. They had been there pretty much since Dixie Carter came on board.

The Observer reports that there are some interested parties who would like to buy into TNA, but the deal is that most want majority stake. Carter has been up front about not wanting to give up majority stake and control of TNA, but things are getting to a point where she may not have much choice in the matter.

It is being said that TNA is in an 11th-hour situation where they have to make a deal with investors soon. There is one group that is considered the favorite, while another is being considered but is most likely a long shot. The favorite group reportedly has two people within TNA with some wrestling experience among them. The Harris Brothers are rumored here but not confirmed.

Dixie Carter is attempting to negotiate a deal where she can remain in control of TNA and an on-air personality but give up majority stake. It appears that TNA will be selling majority stake eventually regardless, because the investors have all the leverage with TNA. The company is having a ton of problems right now all across the board. Most people would say that Carter is essentially poison for TNA and needs to go. Hardcore TNA fans have said similar over the years, and if they say this, then you know there is a problem. That means her attempt to stay in control looks unlikely.

With the Pop TV deal looking similar to what happened with Destination America, some believe TNA may yet again be without a television contract in the United States before the year is up. They do still have good deals in the UK and India to help them out, and some believe TNA could still land somewhere else in America if the Pop TV deal falls through. However, some think that the TV deal is essentially what keeps investors interested.

If they were to lose it, that would change things. Right now, investors are helping to fly talent in to do television, and some believe they are helping to pay talent. With TNA moving to their warehouse soon due to their office being taken away from them, some think that the new investor or investors could end up giving them a good place to go if they bought in. TNA needs help to stay going, otherwise it will go out of business. Investment groups seem interested, but if Dixie Carter refuses to sell the majority stake, don’t expect investors to stick around a dying company. Some believe TNA will be gone even with investors helping.

[Image via TNA Wrestling]