Anthem Sports & Entertainment "Hemorrhaging Funds", Possibly Looking To Sell GFW - Wrestle Newz twitter google

Anthem Sports & Entertainment “Hemorrhaging Funds”, Possibly Looking To Sell GFW

Justin Barasso at Sports Illustrated reports that Anthem Sports & Entertainment is possibly getting ready to sell Global Force Wrestling. Sources close to the epicenter of operations state that Anthem has been “hemorrhaging funds” since acquiring the former TNA and may be looking to get out of the wrestling business.

There were apparently a multitude of cutbacks at the last set of TV tapings. A number of talents were left on the shelf, while others were used only sparingly before being sent home again. It is understandable that there would be a conservative approach to the finances of the business, as Anthem had acquired a company that was near-fatally in debt. And despite them negotiating a few new TV deals, other sources of revenue have been few and far between.

On top of these accounting concerns, there has been plenty of undue controversy plaguing them. Namely: the dispute over the “Broken Hardys” gimmick, the Alberto el Patron-Paige domestic incident, the legal battle with former TNA President Billy Corgan, and most recently, Jeff Jarrett taking an indefinite leave of absence from his Chief Creative Officer position. This is just to name a few.

PWInsider reports that multiple meetings took place yesterday afternoon and into the early evening. Those meetings were to discuss no less than the fate of the company itself. And while the future of GFW was hanging in the balance, calls were being made to talents to assure them that everything was fine and that the Jeff Jarrett situation was nothing to be concerned about. No need to cause a stir until it is time to cause a stir…

So, as usual, TNA/IMPACT/GFW is in a state of turmoil and uncertainty. And after all of their projected plans, their resume of mistakes has become simply too numerous to count.

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  • Bite Me You Loser

    Vince will pay $9.99

    • Quote the Ravens, nevermore…

      And they’ll accept it.

  • Omega’d

    I’m not surprised. Damaged goods.

  • jcice13

    well that was quick wasn’t it?

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