According to Dave Meltzer, the investment group that is in the running to buy into TNA is Aroluxe, a Tennessee-based marketing company. Two of the main officers are Ron and Don Harris, who have worked with TNA in some capacity since the beginning of the company.
Aroluxe put up the money for the last set of of TV tapings and probably this week’s tapings. They believe that they’re buying the company. Dixie Carter reportedly does not want to sell a majority stake, instead preferring to keep 51% and sell 49%. In Meltzer’s words, “We are closing in on the moment of truth.”
TNA is out of money after Panda Energy pulled funding after about 13 years, and has a number of outstanding debts owed.
