Earlier this month we reported here on WrestlingNewsWorld.com Premium that Jeff Jarrett was actively trying to bring on new investors to TNA Wrestling and was talking with a restaurant chain.
I’m now being told the name of the company Jarrett is talking with to purchase part or all of TNA is called Royal Capital Corporation and are actually based in Georgia (we originally reported they were Nashville-based but that was because one of their subsidiaries is Shoney’s North America Corp.).
My source, speaking to me under the condition of anonymity, says Jarrett is hopeful they’ll end up with controlling interest which will lead to him re-gaining power of the company. However, I’m told that “could be a long shot.”
As things currently stand, Dixie Carter won’t want to give up control but if things don’t turnaround, Janice could be tempted to sell. The Carter family is currently looking for a minority partner.