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Tons of heat on Dixie Carter over mishandling of sale talks, financial problems in TNA

TNA Wrestling

TNA Wrestling

Billy Corgan had the final say at the recent TV tapings but Dixie Carter remains in control of the company with majority shares. She was at the recent tapings but left before the final weekend shows. The Fight Network, which has a small stake in the company, was there for meetings with Carter.

There is a lot of frustration within the company because nothing has been settled. TNA is pretty much caught up on tapings for the rest of the year. The only thing left for them to do is the taping at Matt Hardy's house in a few weeks. That's the show that will air in mid-December. TNA still owes a ton of money to different people so I can imagine that they are most upset with Carter.

At different times Aroluxe and Billy Corgan were the favorites to buy the company but, at this point, Aroluxe would be the ones to most likely get it and things are very heated behind the scenes with Carter, Corgan, Aroluxe and John Gaburick. There is a ton of heat on Carter for the way she's handling everything and because deals are not getting done and nearly falling apart.

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There was another group in the mix to potentially buy the company but they have pulled out because they feel that it does not make sense financially. As of this writing, there is no word on where TNA got the money to fund the last set of tapings but it was not WWE and WWE is out of the picture right now. That's not to say that they can't get back into the mix but right now they have pulled out and if they do get involved in talks then it would be just for the tape library. As noted before, John Gaburick was the person to go to Kevin Dunn with the idea for them to buy the library in exchange for him getting a job with WWE again and Dunn brought it up to Vince McMahon. Everyone in the company has been told to stop talking about the sale discussions but everything is said to be a mess financially because of money owed to talent, vendors, etc.

There is more on this story in the latest Wrestling Observer newsletter. I would highly recommend for everyone to subscribe. The latest newsletter was just released today and you can check it out by clicking here (subscription).