Raven losing the big title match, "Destiny" as that show was called, happened because he dragged his feet about signing a contract. It was a perfect storm of bullshit (including the "why book the match at all if he wouldn't commit to longer terms" question, because lulzTNA) that was capped off with exorbitantly lousy booking of the finish.
As in, it still pisses me off. Saturn, Sandman, and Credible were all introduced and given pushes as being just outright tougher than almost anybody else, a little more unhinged and dangerous as a result, and they fucking murder Jarrett in the middle of the ring...only for Double J to kick out at 2 and beat Raven CLEAN with the dumbest finisher of the era.
This was SuperCena levels of bad booking that saw the live crowds immediately start to dwindle.