It was pretty obvious based on Foley's Twitter comments (referring to TNA house shows as "Empty Arena Matches", among others) that he likely knew he was towards the end of that run.
While it was never spoken publicly, there was a sense of disenchantment and frustration from both sides about the relationship. TNA never really tapped into or promoted many of Foley's outside passion projects, while some within the company dismissed him as being hard to work with.
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