In an update on TNA Wrestling currently being in talks with outside investors, including Dixie Carter taking meetings to discuss the future of the company, a report from PWInsider.com has provided more details on the talks.

The report notes that in regards to why the company is seeking outside investors, it is simply because TNA Wrestling want to expand and that the current financial situation is not allowing it to do so as TNA had to cut back on office space in recent months and also cut certain talents who were supposed to appear on the most recent tour of the United Kingdom and as the company stands right now, it might be making enough money to keep it afloat, but is not enough money for them to turn a long-term profit, so by partnering up with an investor who could take a percentage of the company might help them realize the 5-year plan that Dixie Carter reportedly has put in place.

The report states that in regards to Panda Energy, who used to fund TNA Wrestling, they might remain the owner in name, but they no longer fund TNA Wrestling and are not actively involved in any aspect of TNA Wrestling’s operations and that all operations and paychecks are coming directly out of Nashville at this point and that Panda appeared to stop funding back when they bought out Jeff Jarrett’s minority stake in the company.

The report goes on the mention that as for whether or not TNA Wrestling is for sale, TNA are being careful to note that the company is seeking investors at this time and that the company is not for sale and that does not mean, however, that Dixie Carter would not at least entertain the idea of selling the company if the right offer was made to them. TNA Wrestling executive John Gaburick has repeatedly stated that the company is looking for a strategic partner and not a new owner and that TNA Wrestling, most specifically, Dixie Carter, has turned down offers to sell the company in the past.