Update: More Details Behind Carter Family Trying To Sell TNA

Chris Cash

file_277737_0_Dixie_CarterIn a follow-up to the breaking story about the Carter family wanting to sell TNA, Brian Elliot of Fighting Spirit Magazine shared some more details behind the Carters wanting out of TNA. Elliot told WrestlingNewsSource.com that the Carters have been considering this move for several months, and that while they are taking quiet bids from a select group of people right now, the possibility of them going public with the sale at some point is certainly evident.

They would most likely go public once they had a bid already in place. This would raise the value of the company by perception and hopefully start a bidding war between potential buyers.

Elliot said the following about the situation:

"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."

 

Have a news tip? Attended an event and want to send a live report? Submit it now!