TNA Wrestling is reportedly in the midst of negotiations with possible investors as they head into a series of Impact Wrestling TV tapings for Pop TV this week in Orlando, Florida at Universal Studios from April 21-24 according to multiple reports on Monday.
Aroluxe, a marketing and production company based in Tennessee, has been revealed as one of the major potential investors. According to a report by PWInsider, TNA started working with Aroluxe back in January when the company debuted on Pop TV providing a variety of series that included TV production, social media management, media buying and web management. Former pro wrestlers Ron and Don Harris (who were involved with TNA in the early days) are involved with the company.
A report by The Wrestling Observer/Figure Four Online stated that TNA President Dixie Carter was “hopeful of securing a deal” where an investor would purchase 49% interest in the company, allowing her to retain a majority interest. This same report described TNA as “essentially out of money” and that the upcoming TV tapings scheduled for this week could be in jeopardy if some kind of a deal isn’t reached providing them enough cash to get through the next set of tapings for future airings on Pop TV.
PWInsider revealed that Panda Energy no longer retains ownership of TNA and hasn’t actually invested any money into the company for the last four to five years. Carter purchasing the remaining company shares from Jeff Jarrett last year made her the one and only stockholder. These ongoing negotiations have the potential to change that however. This news comes just a week after it was revealed that TNA would be relocating the company headquarters from downtown Nashville to the 20-25,000 square foot ShopTNA warehouse. The situation was described as something that could continue to develop this week before the scheduled TV tapings in Orlando that were set to prepare the company for Slammiversary in June.