Pro Wrestling Since 1997


Report: Toby Keith was close to purchasing TNA


As we previously noted, TNA was for sale and Jeff Jarrett through his connections with the Nashville music industry and Keith in particular, tried to put together a bid to buy the company. The deal was very close at one point. Bob Carter came to Keith to finalize the deal and the two sides were close on a price, although they were not quite there. The belief is they were going to hash it out, but Carter only had one request in selling, which was that Dixie Carter would remain with her title, have some power in the company and remain a television character. Keith said he wasn’t going to buy the company with any creative limitations, so the deal actually fell apart because Bob Carter in the end was going to protect his daughter. Someone in TNA who was aware of how it went down noted to us that, “That’s why we all are still here,” noting if it was about business, TNA would have never survived after the last golden carrots (prime time TV and Hulk Hogan) failed to increase popularity or take the company from losing money. At that point, the feeling was from Keith and Jarrett that they didn’t need to buy the company, as they could start their own company from scratch. The deal falling through would have been shortly before Jarrett quit TNA in December. The other thing noted is when this story got out inside of TNA, those who had tried to believe the Janice Carter memo and thought the idea was that the Carters wouldn’t sell, and the talks were for just a minority investor, realized they’d been had.

Source: The Wrestling Observer Newsletter

Post Category: News

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8 Responses

  1. Scott II says:

    What an effin mess!!!

    Bob, your daughter should not be anywhere near a wrestling promotion. Get that through your skull!!!

  2. LOL says:

    Bob knows the big money is in Dixie remaining in control of TNA FOREVER yeeeeeeeeeeeeeeehaw!!

  3. mackdeezy says:

    Haven’t I said this before? The carters don’t know the first thing about Managing their promotion. If this is true, it only proves that the Carters very well can run TN into the ground.

  4. Really? says:

    Fake story. Not to mention, prime time tv HAS increased their popularity. They went from around 8-900,000 viewers to 1.4 million and up.

  5. Joseph says:

    So first Billy Corgan from the Smashing Pumpkins was in talk to purchase TNA and now Toby Keith was supposedly in talk to purchase TNA. Sounds fake to me.

  6. Scott II says:

    Really, just because they have more viewers, doesn’t mean they are doing better. They just have a bit more attention

  7. T says:

    So the rumor of the Smashing Pumpkins guy buying it were wrong?

  8. Really? says:

    Scott II, the “quote” specifically said it failed to increase popularity. Obviously, that is not true. They may or may not be “doing better” but getting half a million more viewers definitely makes them more popular.

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