TNA Ownership In Limbo – Talent Wants Corgan to Get The Company

– According to Wrestling Observer Newsletter, the TNA ownership situation is still in limbo as nothing was settled at last week’s tapings. TNA doesn’t have to worry about money for tapings until the beginning of January, and at that time some international TV revenue is coming in. But the company still owes a lot of money to several different people.

Aroluxe and Corgan are still both in the game in regards to buying the company, but things are reportedly heated behind the scenes involving Dixie Carter, Billy Corgan, Aroluxe and John Gaburick. There is a lot of heat on Carter for not getting deals done and the vibe was said to be depressing. The other group that was reportedly interested (that wanted to do live events and expand the company) is out of the running to buy the company. WWE is also said to be out of the picture right now.

There is no word on where the money came from to finance Bound for Glory and the TV tapings, but it was likely one of the three minority owners; Fight Network, Corgan or Aroluxe. Talent is hoping that Corgan gets the company, and are aware of how bad the situation is right now. The blame for the Carter/Corgan talks going south is on Carter with talent feeling that she had been deceptive and that she didn’t address any issues before the PPV. Some even thought that she was “playing dumb” to avoid addressing the situation.

Talent on guaranteed deals are scheduled to be paid on October 15th and the 30th. The talent not on guarantees and production people are also owed money for the last tapings.