Backstage Talk On The Expected TNA Sale

[The Ultimate Nullifier]

www.wrestlinginc.com/wi/news/2016/0505/611458/backstage-talk-on-the-expected-tna-sale-and-officials-keeping/

Backstage Talk On The Expected TNA Sale And Officials Keeping Control, TNA Changing Contracts, More

Source: Wrestling Observer Newsletter

TNA officials are trying to re-structure contracts for all or most of their key talents, so the company will control all of their bookings. This could be related to the expected sale of the company with the idea of having everyone under exclusive deals gives them more asset value.

TNA has also started offering significant money deals to wrestling stars who are not with the company, something they were doing several months back.

Regarding negotiations for the sale of the company, officials are being very quiet. Apparently some talents have asked questions as to why the deals are possibly being restructured but nobody is really giving answers and no one is being told the status of the sale.

For what it's worth, The Wrestling Observer Newsletter adds that at least one person was told when everything the sale or pursuit of a new investor is all said and done, Dixie Carter and John Gaburick will still be in control.

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TNA Re-Structuring Contracts, Backstage Talk On Expected Sale Of Company
By Eric Lynch on May 5, 2016




TNA is reportedly making some big internal changes. According to the Wrestling Observer Newsletter, TNA officials are currently trying to re-structure contracts for the majority of their roster. The re-structuring involves the company controlling all of their talents’ outside bookings, which reportedly is a move to give TNA more value in the event of a sale.

Regarding rumors of a sale, officials are keeping quiet and the talent seems to be in the dark on the issue. The Wrestling Observer also claims that at least one person was told that when any sale or investment is completed, Dixie Carter and John Gaburick would still be in control of the company.

For the first time in several months, TNA has also reportedly started offering deals with “significant” money attached to them to free agents in the wrestling world.

It was reported in April that TNA is in talks with three possible investors. One is a TV company that could air Impact Wrestling on it’s own channel and operate the company similar to how Turner operated WCW. Another one is a marketing agency operated by the Harris brothers, and the other is a company called Summit Strategic Investments that specializes in “troubled assets.” TNA’s international partners Sony Six in India and Challenge TV in the UK both turned down offers for 10% ownership of the company in exchange for funding.