WWE Hall of Famer who is also a four times WCW World Heavyweight Champion recently talked about the narrative that the Total Nonstop Action Wrestling was never a profitable and how the narrative was wrong.
Jeff Jarrett formed TNA Wrestling in 2002 after one year of WWE buying WCW. The project became quite successful as the WCW fans and the ECW fans mostly did not like WWE and they wanted and alternative from the promotion which was offered by TNA.
Jeff Jarrett On How TNA Was Profitable
Besides, TNA was doing really good. They were able to sign some of the biggest names in the world of professional wrestling including the likes of Kurt Angle, AJ Styles, Hulk Hogan, Booker T, Kevin Nash, Scott Hall, Scott Steiner and of course, Sting. Sometimes, it did even better than WWE.
But after some of the terrible decisions made by the promotion, it could not stay in competition with WWE anymore. Currently Jeff Jarrett is out of the promotion and it is not as good as it was before. Surely it has shown some prospects but it is far from what it used to be.
WWE Hall of Famer Jeff Jarrett who is a producer in WWE right now recently spoke on his My World podcast where he talked about the narrative that the Total Nonstop Action Wrestling was never a profitable and how the narrative was wrong. He said;
“When we got the Spike deal, we became profitable that day, we will say that week. The investment that went in, we made it back. When you go from one to two hours, and you don’t double your expenses, so ‘07, ‘08, ‘09; ‘09 was the most profitable year by far. I received those owner checks. Kurt Angle was making great money. There were a lot of guys making really good money.
“OK, profit, in 2009, and that’s paying bills, paying investors back, and all kinds of things back, we made 8-10 million. It’s crazy to think back on that. Our investment, and I don’t want to get into hypotheticals and all that, but the Carter’s investment just wasn’t as rich as people seem to think. The Asylum days were about $100,000 a week. That’s what we were spending, so we were making some money.
“We didn’t go in that proverbial deep, dark hole that people, I guess, believe. It goes without saying, when we got the Spike deal, we became profitable that day.”