Photo: TNA Unveils New Championship With UFC Style Rules

New Impact Ventures President Billy Corgan unveiled the TNA Grand Championship at last night's television tapings. A tournament will be held to crown the first champion. Matches for the the title will have rounds, with judges declaring the winner if they go the distance.

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TNA also retired the King of the Mountain Championship, which was won by Bobby Lashley on last week's episode of Impact Wrestling.

You can check out a photo of the new title below:

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