Not many people are aware that even though TNA isn't a publicly traded company they still do have ownership of the company split trough percentages or they did. Until recently the Robert Carter was majority owner of TNA wrestling and Jeff Jarrett was still a minority owner of the company. A little history of the situation, when TNA was founded Jerry & Jeff Jarrett split the ownership of the company one can imagine because Jeff was still a fully active wrestler at that point; so his dad would be majority owner and Jeff would have a smaller stake. However, due to unforeseen medical reasons Jerry had to step away from the wrestling business for good and here is where the Carter's enter the picture.
Fast forward to the end of 2013 and the day that Jeff Jarrett steps down and leaves TNA the only thing was he never gave up his stake in the company. I do believe if I am correct Jeff had always had a 20-25% stake in the company since the day it was founded. Even after Jeff announced the formation of Global Force Wrestling he still had a percentage of ownership in TNA. Then you think how much power did he have in the company at this point, well I can answer that because he had no power in the company.
Once again let's jump ahead to the early part of the summer when TNA shocked the world with Jeff & Karen Jarrett showing up on Impact. Later we found out the specifics of the deal which included:
- Jeff Jarrett getting inducted into the Hall of Fame
- GFW was allowed to book contracted TNA wrestlers on their events
- Jarrett would allow Dixie to buy him out for his minority stake in the company
Now you might wonder why did Jeff give up his minority stake in the company he helped found. Well he founded a new company and for him to really have a new start he needs to move away from his past to focus 100% on his future. Jarrett has a great mind for the business and without him TNA wouldn't be were they are today and for that we are grateful and hope that GFW will eventually be in the same position someday.