A recent report from the Wrestling Observer newsletter has unveiled specifics about the business ties between WWE and TNA Wrestling. The partnership reportedly includes a clause granting WWE an option to purchase TNA, as well as an initial right to veto any other purchase offers made to the company.
According to the latest newsletter by Dave Meltzer, WWE insiders have confirmed that their agreement with TNA resembles deals previously made with independent European wrestling promotions. These arrangements provide WWE with a “fixed-term option to acquire TNA.”
The report further highlights that WWE holds the right of first refusal on any other bids for TNA. Essentially, this means that any potential buyers need to be agreeable to WWE, as WWE can simply match any offer to buy the company.
This news follows recent speculation that former UFC owner Lorenzo Fertita might be interested in acquiring TNA. WWE’s objective appears to be maintaining a strong and cooperative second wrestling promotion in the U.S., which would enhance the overall value of the televised wrestling market.
The two companies officially announced their working relationship earlier this year. For a more detailed account, readers can refer to the most recent edition of the Wrestling Observer Newsletter.
Fan Take: This development is crucial for TNA fans as it suggests WWE is safeguarding its influence over the company’s future, potentially stabilizing TNA’s position in the wrestling landscape. If handled well, this could lead to enhanced collaboration and greater visibility for TNA, benefiting the sport as a whole.
