Update on the potential sale of TNA
The Wrestling Observer Newsletter reports an interested party has entered into negotiations to purchase TNA Wrestling from the Carter family. The group has been seen visiting the office in Nashville, TN. It is not clear who is the potential buyer at this point, but as noted yesterday, it not believed to be Spike TV (Viacom). Spike TV has a lot of money already invested in Bellator, and while TNA generates better television ratings, the brand doesn’t generate as much ad revenue as mixed martial arts. It is believed the potential buyer wants to purchase the controlling interest in the company.
Talk of a potential sale has been going on for months, but has reached a serious enough point where things are at a significant stage.