Update On Potential Sale Of TNA
How close is the deal to done?
The Wrestling Observer notes that TNA's talks with a potential investor are coming to a close, and the deal should be finalized shortly.
It was first reported last month that the company - which has been looking for investors in the wake of financial difficulty - was in negotiations with an unnamed party to sell part of its assets. The sticking point, according to those initial reports, was that the investor wanted an estimated 55% of the company, while TNA President Dixie Carter wants her parents' company, Panda Energy, to maintain a controlling interest.
While The Observer reports that Carter is still trying to maintain majority control in TNA, the deal should be done very soon - possibly in time for the company's TV tapings on Thursday - and that a sizable percentage of the promotion will be sold off.
The interested party hasn't yet been named, but The Observer is reporting that two people with wrestling experience in TNA are among its "key" members. There is also another group still trying to make a deal, which The Observer has described as "a long shot play that is apparently still alive."