From Wikipedia:
From its formation, TNA lost large sums of money, leading to the initial investor, HealthSouth Corp, withdrawing financial support. In October 2002, Jerry Jarrett sold his controlling interest in the company to the privately-held company Panda Energy International. On October 31, 2002, Panda Energy and J Sports and Entertainment created the limited liability company TNA Entertainment (J Sports and Entertainment was later dissolved). Jeff Jarrett was appointed Vice-President of TNA Entertainment, while Dixie Carter, the daughter of Panda Energy chairman and chief executive officer Robert W. Carter and a former TNA publicist, was appointed President. Panda Energy owns 71% of TNA Entertainment, LLC.