Dave Meltzer expected some news about TNA selling by sometime next week. I guess this guy has started to already put money in.
http://www.soradevelopment.com/Tom-Fore.html
This is the guy who wants a majority. His background is construction and development.
Update 4/18:
PWInsider have an update in regards to TNA:
http://www.soradevelopment.com/Tom-Fore.html
This is the guy who wants a majority. His background is construction and development.
Update 4/18:
PWInsider have an update in regards to TNA:
Update 4/22The future of TNA, long and short-term, has been a major topic of
discussion over the last few weeks. With this week's Impact Wrestling
tapings set for Universal Studios Florida, here is where things
currently stand.
Since January 2016, TNA has been working with Aroluxe, a marketing
and production company based in Tennessee that has taken over TNA's
production as part of a deal that, according to multiple sources, sees
Aroluxe handle all of the expenditures for TNA tapings and then sees TNA
reimburse them for expenses as well as pay them for their services.
Aroluxe is the company that former pro wrestlers Ron and Don Harris
(then known as The Bruise Brothers) have been involved with. It
provides TV Production, social media management, media buying, web
management and other services to clients.
The word that has made the way around TNA performers in the past week
is that a payment to Aroluxe is due imminently (one version of the
story is that the payment is due today, another is that it is due
Wednesday) and that based on TNA's contract with Aroluxe, if the payment
is not made, Aroluxe would then be able to claim majority ownership of
TNA Wrestling, leaving Dixie Carter a minority owner. We have not been
able to 100% confirm that but that version of the story has made it's
way around a big portion of the company's roster over the last seven
days.
PWInsider reached out to a number of sources within TNA and none of
them would be willing to discuss the situation, much less confirm what
we have heard. One person told me that if anyone should comment on the
situation, it should be Dixie Carter and no one else. PWInsider.com
reached out to Carter this afternoon.
For those wondering where Panda Energy stands on the chess board,
Panda completely divested themselves of TNA a long time ago and hasn't
put money into the company dating back 4-5 years. They no longer have
any ownership. Once Dixie Carter bought out Jeff Jarrett from his
shares last year, she was the one and only stockholder. That may
change later this week if reports we are hearing are correct.
In recent months, Ron and Don Harris have been regularly seen at the
TNA offices and have been meeting with different areas of the company to
the point that should Aroluxe take over, there likely wouldn't a blip
since they are already familiar and integrated into how the company
operates.
So, where things stand based on what we have heard appear to be going
in one of two directions - TNA reimburses Aroluxe and things remain at
their status quo or Aroluxe takes over the reigns of the company. It
would appear that should the latter happen, Dixie Carter would remain in
some capacity, although what this would mean for the remainder of the
TNA officials, staff, roster, etc. remains up in the air.
Unless something unforeseen happens, such as Carter finding another
buyer for the company who completely buys out herself and takes care of
the Aroluxe issue, it's going to be a very interesting few days in
Nashville before TNA gets to TV in Florida.
It should be noted that there have been others interested in TNA in
the past and even in recent weeks, there's been talk of multiple
interested parties), but Carter has previously turned down all sale
offers. Depending on how the week goes, she may no longer be in that
position. Time will tell but we may be on the cusp of a new chapter for
TNA Wrestling.
http://www.prowrestlingsheet.com/tna-wrestling-million-dollar-investment-firm/?platform=hootsuiteThe multi-million dollar investment company who bought and sold Segway are in talks with TNA Wrestling to become their official partner … this according to multiple sources.
Our sources tell us one of the organizations discussing a possible partnership with TNA is Summit Strategic Investments, and the deal could be huge for the wrestling company.
SSI has a successful track record and is known for “transforming troubled assets.”
In 2013, the company acquired Segway after the owner of the company passed away and sold it 2 years later. According to USA Today, the buyers received $80 million from a group of investors to finance the purchase. The investment company also helped to resurrect Fisker Automotive in 2015 with the help of their partner, Wanxiang — a wealthy Chinese auto-parts company.
Here’s where things get interesting.
The CEO of SSI is named Roger Brown. His brother, Jason Brown, is the CEO of Aroluxe Media … the outsourced company TNA uses to help produce Impact Wrestling.
We’re told Aroluxe Media are simply the production arm of Aroluxe Marketing — the company initially pin-pointed as a potential investor — and our sources say neither are in talks to buy a stake in TNA.
However, former WCW wrestlers Ron Harris and Don Harris do indeed work for Aroluxe Media … and we’re told if the deal between SSI/TNA goes down, they’ll likely keep their current roles.
We made multiple attempts to find out how much stake in the company Summit Strategic Investments is looking to purchase, but so far haven’t had any luck getting the answer.
Stay tuned.