Huge Backstage Update On The TNA Sale

Posted by Matt Boone November 21, 2013 0 Comment

According to sources, one group that was rumored to be looking to buy TNA, which was a company that circulated online but never the lead candidate, has pulled out.

A different group, which met with TNA executives a few weeks ago and has been the key party still interested, is still in play. While it may seem on the surface that the TNA sale is a non-issue at this point because nobody seems to know anything, and nothing new has popped up online about it, the main company is still in the mix and are talking positively about making the deal. This group is looking for complete and total ownership and apparently the key in finalizing the deal is whether or not they feel the asking price is fair.

There has been some talk that the Carter family is wanting to raise capital by selling a percentage and retaining a majority ownership of the company, but the aforementioned group still in the running is apparently not interested in a minority ownership.

Jeff Jarrett, who has reportedly picked up a considerable amount of power in TNA lately, would be expected to gain even more power if the sale takes place, since he’s more than likely a big factor in getting the deal going.

[Credit: Wrestling Observer Newsletter]

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