Source: The Wrestling Observer Newsletter

The latest news on Jeff Jarrett's new pro wrestling promotion is that it will be financed by a group of partners, not just country music star Toby Keith. Keith reportedly has a net worth of $500 million, which is said to be more than what Vince McMahon was worth before WWE stock shot up. The financial backers for the promotion, when the group was looking at buying TNA, were described as "Nashville music investors."

Jarrett also recently appeared at a sports convention in Nashville on February 22. He wouldn't talk much about the promotion, but he did confirm that it was "a go." He also discussed the idea of doing a weekly Tuesday night TV show.