Updated – Jarrett & Toby Keith to Start New Promotion?

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Take it for what you will based on who leaked the info, but Konnan was on MLW’s podcast yesterday evening and mentioned a conversation he recently had with Jeff Jarrett. As you know Jarrett recently severed ties with the TNA promotion he helped create back in 2002. According to Konnan, Jarrett said that TNA is currently in really bad shape, no surprise there.

What was a surprise is that Konnan claimed that Jarrett stated he’d be making a major announcement in the early part of this week about a NEW WRESTLING PROMOTION he’d be starting up alongside Toby Keith, who would be the majority investor. Konnan said that Jarrett didn’t mention Keith by name, but it was obvious who he was referring to. If you’ll recall, Toby Keith was one of the top names in line to purchase TNA not too long ago.

More rumors have started to flutter about, in regards to Jim Ross coming on in some sort of capacity. It was last week that Ross noted on his Twitter account that he had a meeting “major sports concern”, Ross also mentioned recently that he met with Toby Keith. When Ross was asked about this on Twitter, his simple response was “Hmm”.

Update: Ross has since replied to these rumors via Twitter. In regards to his recent dinner with Toby Keith at the Sugar Bowl, Ross wrote “We did talk the wrestling biz some but that’s not unusual for me in any conversation after a 40 year career within the genre,” he said. “We also talked country music, business investments, OU football and we spent the afternoon together with ESPN’s Brad Nessler who’s another wrestling fan. Yes, TNA came up a time or two but that was really a non issue in our conversations.”

As for whether he would be interested in returning to the wrestling business on a daily basis, he said it would take a “mighty healthy offer” for him to consider it. “The politics and paranoia that go along with today’s rasslin business isn’t healthy for me to be around on a full time basis especially at this stage of my life. Plus, I have a specific philosophy regarding how the business should be presented that doesn’t seem to be in fashion these days. “

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