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Ohio Valley Wrestling sold, new owner(s) announced Wednesday

Ohio Valley Wrestling, the brainchild of Danny Davis, which produced many of the biggest stars of modern wrestling including Brock Lesnar, Randy Orton, and, to a degree, John Cena and Dave Bautista, is being sold.

Davis, who started the promotion in 1993, announced the company was being sold to a private investor, who was not named. Several years after the company was founded, it became the main developmental territory for WWE with the help of Jim Ross and Jim Cornette.

"I have been searching for the perfect person to carry on OVW's legacy and I believe I've found them," Davis said in a post on their website Tuesday. The new owners will be announced at the company's television tapings Wednesday night at the Davis Arena in Louisville.