Who’s the Major Celebrity Trying to Buy TNA?, More on Corgan & the Carters

Posted by Eric Arrington December 12, 2013 3 Comments

Regarding a potential TNA sale, word is that TNA founder Jeff Jarrett, who has been getting more power internally, has been acting as a liaison for a group considered to be interested into buying into the company. The group, reportedly financed by country music star Toby Keith, is said to be a serious candidate to purchase majority ownership of the promotion from Panda Energy, TNA’s parent company.

According to a source who spoke under the condition of anonymity, Toby Keith’s group feels the asking price, believed to be in excess of $10 million, is too high.

The rumors surrounding Billy Corgan buying the promotion were unfounded but word is that TNA embraced the attention they received from those rumors. It’s said that serious consideration is being given by the Carter family about unloading the company if they are able to land a deal in the low eight figures.

While the talk over the last couple of years was that Jeff Jarrett, who is still a minority owner of TNA, has been that he was looking to bring on a new investor, the Carter family has indeed put a price tag on majority ownership. However, unless the price comes down, a deal is unlikely to get done.

As for Corgan, he’s had nothing to do with the potential purchase of TNA and is actually shopping a reality show about his own Resistance Pro Wrestling promotion. Footage was recently shot for a pilot episode and AMC is a network that is being targeted. The media attention generated by the TNA rumors may be incorporated into the pilot as they did film segments with Corgan where he gave his thoughts on the situation

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There are 3 Comments

  1. Indy Insider
    - December 12, 2013
      -   Reply

    Toby is a wrestling fan and hosted RAW

  2. - December 12, 2013
      -   Reply

    Toby Keith is awesome! Listening to him right now. “Beer for My Horses”

  3. ImpactPlayer
    - December 13, 2013
      -   Reply

    I doubt Toby understands the business that much BUT, he is a good business man in general and TNA could use someone with a good business sense.

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