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Dixie Carter Possibly In Danger Of Forcibly Losing Majority Ownership Of TNA Wrestling?

Posted By: Kenny Williams on Apr 18, 2016

As previously reported, two rumored investors who are apparently interested in acquiring TNA Wrestling from current management include Ron Harris and Don Harris, both of whom previously worked as competitors and production staff for the company and who are part of a marketing company known as Aroluxe Marketing.

PWInsider.com is reporting that Aroluxe has been working with TNA Wrestling ever since January of this year, even going so far as to fund the recent set of Impact Wrestling television tapings, which possibly includes this week's tapings as well. It is also reported that as part of the production deal, Aroluxe financially covers everything that is needed for all of the tapings and TNA Wrestling reimburses them.

However, also as previously reported, TNA Wrestling is said to be essentially "out of money," which is not good on their end, as there is word that the company owes Aroluxe a payment for these services this week. There appears to be some confusion regarding the date in which the payment is due, as some sources report that the due date is today, while others report that it is this coming Wednesday. Furthermore, according to these same sources, including PWInsider.com, the terms of the deal between Aroluxe and TNA Wrestling state that if this payment is not made, then Aroluxe will be able to automatically claim majority ownership of the company. This means that TNA Wrestling president Dixie Carter would no longer be the majority owner of the company, but would instead be placed in a minority ownership position.

PWInsider.com further reports that there are "multiple parties" who are interested in making a deal with Dixie, and while she previously turned down all previous offers, she "may be forced" to make some sort of a decision now that the company is in serious financial trouble. This includes a possible deal with Aroluxe, who are seen as the top favorites to potentially take over the company, and especially as the Harris brothers have been engaging in meetings with various departments at TNA Wrestling Headquarters in the event that the sale of the company goes in their favor.

PWInsider.com further reports that another shocker in this whole situation is that Panda Energy International actually has no say in this entire matter due to the fact that they have actually not owned TNA Wrestling "for some time." Approximately four or five years ago, the company ceased putting any money into TNA Wrestling and essentially removed themselves from company operations, which left Dixie as the only stockholder ever since she purchased all of Jeff Jarrett's shares last year.

PWInsider.com

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