Details On Why TNA Is Looking For More Investors

PWInsider has more details on why TNA is looking for investors and their current plans for growth.
– TNA is looking for investors because Dixie Carter wants the company to grow. The company has severely cut back on office space and cut talents from the UK tour who were originally scheduled for it. While they are stuck in their current state, they can’t get bigger. While their current situation can keep them afloat, it won’t make TNA profitable in the long term. TNA reportedly has a five year plan for the future. Additional investors or a new partner taking a percentage of the company will help them make that plan possible.
– All TNA operations, paychecks, etc. are coming from Nashville, TN. While Panda Energy is still technically the owner in name, they aren’t involved in any TNA operations and aren’t funding the company at this time. It’s believed this happened when Jeff Jarrett’s minority stake in the company was bought out last year. Panda has reportedly not been paying the bills for some time now.
– The new TV deals are helping to keep the company alive, but Dixie Carter wants TNA to be “a player” and can’t do that with the company in its present state.
– TNA hasn’t revealed who they are talking to yet. It’s believed that one group is in the UK and there are others in LA and NY. There are also additional meetings with POP TV.
– While TNA has been careful to say they are simply looking for partners, it’s believed that Dixie Carter would consider an offer to buy the company outright if it were the right price. John Gaburick said they were simply looking for a “strategic partner” and not a new owner. Carter has turned down sale offers in the past.

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