Report – Dixie Carter Making ‘A Mess’ Of TNA’s Sale Negotiations

According to The Wrestling Observer Newsletter, there is a growing frustration within TNA, due to the feeling that Dixie Carter is making a mess of the TNA sale negotiations. One person close to the sale told the Observer the following…

“There are a lot of hurdles and games being played. She (Dixie Carter) has really made a mess and is responsible for all of it.”

Another person stated the following…

“I thought Aroluxe had it late last week (this was when just days earlier Billy Corgan seemed to be the one most expected to get it). Then Saturday (9/24) I thought Billy won. Now I know the same BS is still going back-and-forth. She is something else. I’ve never met someone so clueless. She is out of touch on all levels. Both sides want her out. There is no doubt there. It’s the only thing they can agree on.”

Carter is the one who will make the decision as to who ends up with the company. While WWE was in the picture earlier in the week, they are now reportedly out again.

Whoever buys the company will also have to deal with the promotion’s debt, which is said to be “millions of dollars,” owed to Aroluxe, Corgan and others. Some reports put the amount of the debt at greater than the value of the company. There are also now reports that FITE TV owns a small stake in the company.

TNA’s main issue is their lack of revenue. When they lost Spike TV and went to Destination America, they lost between 40 and 50 percent of their TV revenue deal. That is when things started to get bad. The move to POP TV sees TV getting a share of the advertising revenue, which is said to be almost non-existent.

A deal needs to get done by Friday, because if there is no funding, there will be no Bound for Glory or TV tapings. If this were to happen, TNA would be in breach of its television & PPV contracts, and could cause them the loss of those deals.