TNA'S OWNERSHIP SITUATION UPDATE !!

Billy Corgan has publicly talked of wanting to buy a majority interest in TNA. It is believed that as of right now, TNA is owned by Dixie Carter, Corgan and Aroluxe. Corgan and Aroluxue got their points in the company by funding the recent television tapings. Carter at this point still owns in the neighborhood of 70 percent of the company, but Corgan was able to get control and the Presidency of the company for putting recent money in. Aroluxe didn’t raise enough money by the end of August to buy the company, which had been expected to happen. Corgan and his investors are working on putting together a deal. The winner in this appears to be John Gaburick. The feeling was he was gone if Aroluxe had gotten the company, while he’s apparently on Corgan’s good side. Carter apparently wants at least $4 million for her stock in the company. There is the feeling this deal needs to go through because they need the money to do the next set of tapings which start on 10/2, which will cost somewhere between $600,000 and $800,000 total. If they get the tapings done, TNA will at least have everything in the can through the end of November, at which point the new ownership would have to fund another set of tapings