It's no secret at this point that TNA is currently in dire straits and actively seeking a new buyer or investor in order to remain in business. But their backs may really be up against the wall this time, according to Dave Meltzer of the Wrestling Observer Newsletter.
On Tuesday's episode of Wrestling Observer Radio, Meltzer said the following about the company's current situation:
"They clearly need to make a deal to get some money in, because they don't have any money. That's been obvious for a while ... Financially, 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."
The company is reportedly negotiating deals with several potential buyers or partners at this time, including Aroluxe, a company led in part by the Harris Brothers. Current TNA owner Dixie Carter is reportedly trying hard to maintain 51 percent control of the company, but her defaulting on payment to Aroluxe may have taken that possibility off the table.
Meltzer also discussed on WOR that Aroluxe is the company most serious about purchasing the company at this point and that they financed the last batch of TNA television tapings. He said Aroluxe is not a very big company, so it's unclear whether they'd be able to sustain a wrestling promotion.
He also mentioned the fact that there are a lot of images floating around on social media with the Harris Brothers sporting what appear to be Nazi tattoos, which may not help Aroluxe or TNA with regard to their current POPTV deal.
Certainly there are a lot of elements still at play here, but the main takeaway is that TNA is completely out of money and if a deal doesn't get finalized soon, the company is at risk of folding.