clock menu more-arrow no yes mobile

Filed under:

Ron & Don Harris are reportedly TNA's investors and potential buyers

The rumor mill said we were getting to make or break time for TNA, with Dixie Carter making a last stand but in need of capital to keep the company afloat.

Now, in a special "Breaking News" edition of Wrestling Observer Radio (subscription required but recommended), Dave Meltzer and Bryan Alvarez reveal who the main investors and frontrunners to buy a majority stake are.

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.

Stay tuned.

Sign up for the newsletter Sign up for the Cageside Seats Daily Roundup newsletter!

A daily roundup of all your pro wrestling news from Cageside Seats