TNA is reportedly flat out of cash. Dave Meltzer offered another update on TNA’s financial woes on Tuesday morning’s edition of Wrestling Observer Radio, saying “it’s really bad. You wouldn’t believe how bad it is. When I say they’re out of money – they’re out of money.”
It was added that Aroluxe is the only company seriously looking at buying TNA, and they’re probably funding the next set of TV tapings even though TNA hasn’t paid them for the previous set. TNA has reportedly made presentations to other people to get funding, but haven’t garnered any interest. Since the news broke of a possible takeover by Aroluxe, which Ron & Don Harris are employees of, fans have been tweeting Pop TV executives with pictures of The Harris Brothers in a shirt with the Nazi SS bolt logo on it, in addition to their SS tattoos they got covered up.
TNA talent has been told that this week’s TV tapings in Orlando are still on, and not to believe things on the internet. There’s also concern that TNA’s brand may be damaged beyond repair, as their ratings are down 31% despite Pop TV being in many more households than their previous cable home on Destination America. TNA could be considered a bad fit with Pop TV, because their programming is generally geared toward the female demographic.
Meltzer commented on the story by PWInsider claiming if TNA doesn’t repay Aroluxe the company will take over majority ownership, saying it’s inconsistent with things he’s heard.
* PHOTOS: The Harris Brothers’ Nazi tattoos & shirt