TNA

TNA Mysteriously Secures Funding For Rest Of 2016

https://wrestlingtimesx.wordpress.com/tag/dixie-carter/ Source: wrestlingtimesx.wordpress.com

It would appear that TNA had escaped death at the very last second at least one more time in its tumultuous existence, as there are reports that the wrestling company has somehow found a third party investor, which provided enough funds to allow this past weekend’s Bound For Glory PPV to happen, as well as bankroll TV tapings for the rest of this year. Had TNA not managed to receive this miraculous influx of money, it would have been in breach of both its PPV and TV contracts, and almost certainly would have either folded or been sold.

This secret investor is not thought to be either Billy Corgan or WWE, both of whom have been negotiating with, but have not at this point, purchased TNA. Most rumors seem to point to TNA majority owner Dixie Carter’s family, whose company, Panda Energy, had funded TNA for years until cutting them off in early 2016, as the most likely suspects to have provided the money at the eleventh hour. However, as a privately owned company, TNA is under no obligations to publicly disclose who their new investors might be.

X