Editor of the Fighting Spirit Magazine Brian Elliott spoke with WrestlingNewsSource about the news of TNA being sold by The Carter Family.
Elliott reveals that the Carters have been trying to sell the company for some time and mentioned that they are open to selling it to just a handful of people rather then making the sale public. Here is an excerpt from their story:
“The Carter family has been open to receiving offers for TNA for several months. There are a select number of business people on the inside to whom this has been made clear. You have to understand that it’s not like the company is going to be listed on eBay; keeping the fact that they are open to selling TNA to a small number of potentially interested parties keeps the price that the Carters can get for it at a much higher level than if they went public that the company was for sale. If someone does make a bid, that information will then be leaked in certain quarters, in the hope of starting a bidding war that would raise the price further. Like with Fusient Media’s attempted purchase of WCW, if someone comes in with a bid, we’ll soon know about it.”