Jeff Jarrett wrote the following on Twitter:
Jarrett co-founded TNA Wrestling with his father Jerry in 2002. When Panda Energy purchased majority control of the promotion, Jarrett was retained as a minority shareholder.
His role with the company has varied over the years but he was believed to regained many roles and responsibilities recently after the departures of Hulk Hogan and Bruce Prichard.
The possibility of this being a work exists simply because of the nature of the business, however, the timing would suggest otherwise. Jarrett couldn't have made the announcement at a worse time as this will be more difficult to confirm due to the Christmas holiday. We'll continue to update with the latest information as we receive it.