-

Panda Energy acquires 100% stake in TNA Wrestling

It is being reported by PWInsider.com that Jeff Jarrett no longer owns a minority stake in TNA Wrestling and his return to the company and the exposure that Global Force Wrestling is getting on TNA television came at a price – his stake in TNA.

Despite leaving TNA a couple of years ago, Jarrett still held a minority ownership in the company that he and his father founded back in 2002. Now Panda Energy, the mother company of TNA Wrestling controlled by Dixie Carter’s family, is the 100% owner of TNA. He left TNA at the end of 2013 to work on GFW, a promotion that has been using past TNA wrestlers and other independent talent as part of its roster.

Jarrett made a surprise return to TNA in June 2014 and the GFW invasion storyline will climax during tonight’s Impact Wrestling show on Destination America as TNA battles GFW in a Lethal Lockdown with the winning promotion taking full control of TNA.


Discover more from Wrestling-Online.com

Subscribe to get the latest posts sent to your email.

Colin Vassallo
Colin Vassallohttps://www.wrestling-online.com
Colin Vassallo has been editor of Wrestling-Online since 1996. He is born and raised in Malta, follows professional wrestling and MMA, loves to travel, and is a big Apple fan!

Stories you might also likeRELATED
Recommended to you

LATEST NEWS

Ilja Dragunov to make AEW in-ring debut on Dynamite

Ilja Dragunov, AEW's latest acquisition, will be making his AEW in-ring debut on Wednesday live on Dynamite. His opponent has...

Street Fighter movie takes top spot with $31 million opening weekend

The Street Fighter movie, with Cody Rhodes and Roman Reigns playing the roles of Guile and Akuma, opened with...

WWE Superstars visit Joint Base Pearl Harbor-Hickam in Hawaii

During their time in Hawaii, WWE Superstars Bayley, Intercontinental champion Chad Gable, and LA Knight visited Joint Base Pearl...