New TNA Heavyweight Champion, Matt Hardy, has relinquished the TNA World Heavyweight Championship in a video released on Tuesday.

    Matt won the Championship at Bound for Glory on Sunday, after the odds were stacked against Ethan Carter. TNA started the storyline on Monday, when EC3 filed an injunction against the outcome of the match through legal means to prevent Matt from appearing on TNA TV as the Champion.

    On Tuesday, Hardy decided to surender the title to make the injunction go away and ensure that TNA has a champion.

    TNA will be following up on the events Wednesday night on Impact.