The real TNA Board of Directors?

[corndog]

I was just wondering who was really on the Board of Directors for TNA, who are the major stockholders in this company? Obviously Dixie Carter and Spike televsion company. But who else? Did Hogan and Bischoff invest into the company? Is Jarrett still on the board?

[saintturgeon]

TNA doesn't have a B.O.D. Because their a private company, in which Panda Energy is the majority owner.

[corndog]

I forgot that they were a private company, but I just keeping hearing that Foley bought partially into the company, Jarrett still has part ownership, Hogan and Bischoff probably bought into the company, I am guessing Spike TV owns a certain amount of the company. So instead of stock shares it's percentage.

[Mayonnaise]

Jarrett still has three percent since he started it but, the rest is soley owned by Panda Energy/Dixie Carter. Hogan, Bischoff and Foley are just employees and Spike is a partner.

[Red Impact]

They might still have a dedicated board as a subsidiary of Panda, despite being a private company. I'd wager that they keep TNA monitored as it's own separate thing rather than with the rest of their holdings.

[@TenaciousBe]

Despite the rumors, the TNA Board of Directors is still just Dusty Rhodes in the back of a pickup with his countrified hoochies.

[GaTechGrad]

TNA is an LLC (limited liability company) and not a corporation. Therefore, they have "members" instead of stockholders or a board of directors.

This may be way more information than people would want to know, but with a quick search on the Tennessee state government website, I found this:

tnbear.tn.gov/ECommerce/Common/FilingDetail.aspx?FilingNum=000434684

Notice that the current "member" count is 2. I'm sure Dixie is one, but not sure who the other is (Hogan?). The member count was changed from 3 to 2 on January 21st of this year. Maybe this was when Jarrett and Foley were forced out of ownership of the company. I'm really unsure of how much of their ownership was kayfabe or real.

[Kris Kobain]

Hmm hte menber count changed in 2003 also but it doesn't say how many.

Also found it interesting that it was formed in Deleware and the address has changed a few times. Does the Deleware formation have anything to do with the NWA?

A poster above said Jeff still has 3% so I'm guessing he is one member and Dixie is the other.

[TOK Hehe'd Around & Found Out]

I'm 99% sure Foley's involvement was just a kayfabe way to explain his authority role.

[Jay Peas 42]

Delaware is a corporate haven, about half of the businesses in America have incorporated their, so they may be governed by Delaware law, which is very favorable. For example, Lawsuits against corporations are not heard by juries, relaxed usury laws exist, shareholder privacy is provided for, and the state does not tax out of state profits. So it means nothing.

In all likelyhood, TNA is owned by some combination of the Carters, the Jarretts, and Spike TV.

[Bram wants to 'urt you]

For some reason, when I read the thread title, I automatically assumed someone would post something like this (and since nobody has, I guessed that I was supposed to ):

[rusty]

I think its Matt Morgan who are the board of directors. They already have the tag titles.

[Deleted]

It has to be a giant fish tank full of dolphins and balls with various gimmicks written on them.

[SAJ Forth]

It's just Hogan and Russo in a room with a table, 2 chairs, and a bag of Doritos.