-

More info on the potential TNA takeover by Aroluxe

In addition to Wrestling Observer’s report earlier today regarding the sale of TNA, PWInsider.com added more details to the story, a story which might spell the end of Dixie Carter’s reign in TNA.

The agreement between TNA and the Tennessee-based company Aroluxe started in January of this year with Aroluxe pumping in the money for TNA tapings and TNA then paying back those costs plus their service fee. Aroluxe has been in charge of doing a lot of production for TNA and according to PWInsider.com, based on TNA’s contract with Aroluxe, if TNA doesn’t pay on time these fees Aeroluxe would then be legally able to take over the company. A payment from TNA is due this week and judging by history, TNA isn’t always on time when it comes to payments.

The company has been in dire need of money for a couple of years now and came close to going bankrupt multiple times, only for new TV deals and International distribution to kick in and save them.

“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,” Mike Johnson wrote.

Colin Vassallohttps://www.wrestling-online.com
Colin Vassallo has been editor of Wrestling-Online since 1996. He is born and raised in Malta, follows professional wrestling and MMA, loves to travel, and is a big Apple fan!

LATEST NEWS

Young Rock begins filming for NBC as Dwayne Johnson unveils first-look photos

Dwayne "The Rock" Johnson has uploaded some photos from the set of Young Rock, the new NBC comedy series...

Abadon returns, goes after AEW Women’s title

Abadon, who was seriously injured last month in a taped match against Tay Conti, returned to AEW last night...

Impact’s Ed Nordholm and Scott D’Amore write touching tribute to Bob Ryder

Impact Wrestling President Ed Nordholm and VP Scott D'Amore wrote a touching tribute to Bob Ryder who passed away...

- Advertisement -

Stories you might also likeRELATED
Recommended to you