TNA might be screwed beyond repair if the rumors of who the new investors are ends up being true.
TNA's supposed to make an official announcement very soon and according to F4W/Observer, the Harris Brothers and their company is likely the investors picked. TNA had two options with both wanting control of the company but the Harris Bros company already had experience running TNA last year.
What might have swayed the decision to go with the Harris Bros is Dixie likely keeping some control of the company which the other investors might not have wanted (and everyone else in the past who was interested).
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Ron & Don Harris, twin brothers and retired wrestlers who've worked for ECW and several other companies as the Bruise Brothers and WWE as the Blu Brothers and Grimm Twins, currently are officers of Nashville-based Aroluxe. That marketing company likely fronted the money for both the last and next Impact tapings in Orlando, and it's believed they or a company they own are the third-party firm which took over production last year when TNA had issues paying their staff and crew.
The hold-up reportedly remains Dixie Carter's insistence in retaining a 51% share of the company. But without any backing from Panda Energy and little upfront money in their contract with POP TV, it's said debts are mounting and Carter will have to do whatever is necessary to secure more financing.
That includes selling control of the company to Aroluxe. More news, one way or the other, is expected in the next couple of days.
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http://www.cagesideseats.com/tna-imp...tential-buyers
For some reference, last time the Harris Bros were brought in, they ended up not caring about how late paychecks were and their idea of solving any potential issue was to threaten people with firings.
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A seemingly good week wasn't all sunshine and rainbows for TNA Wrestling apparently, as The Sporting News is reporting that the company is behind on production payments yet again.
During a production meeting on Thurdsay, Ron and Don Harris passed down information that checks for the company's May tapings wouldn't be out until at least July 25. The Harris Twins recently returned to the company and were put in charge of the TNA production team.
The Sporting News says that The Harris Twins said "If you're not happy, just shake our hands and walk away." After a period without payment last year, several production team members refused to work until they were paid.
"I don't blame (the Harris Twins). They're back after 10 years and don't know what's going on," one long-time production employee told the site. Another said "It's the same old TNA bullsh-t."
The standard in the industry is to pay freelance production workers within 30 days of service. This is at least the third time in the past year it's happened with TNA.
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