Anthem Sports & Entertainment issues statement on TNA investment

 
 

Anthem Sports & Entertainment Corp., the parent company of Fight Network, issued a statement yesterday confirming the recent cash injection in TNA, funding the Bound For Glory pay-per-view and subsequent television tapings that took place for a week after the PPV.

“Fight Network has also offered to provide TNA Impact Wrestling with funding to repay the loans made by Mr. Billy Corgan and is positioned to provide additional transitional assistance to the company,” the statement said.

Their acknowledgment of repaying the money that TNA President Billy Corgan made over the last several months is a clear indication that Corgan is nowhere close of getting the company and with that wording it looks like Carter is not even considering selling the company to him.

“TNA is a strong property for Fight Network and as a licensee and global distribution partner we have a keen interest in seeing the company not only survive but continue to grow and thrive, alongside our own growth,” said Leonard Asper, CEO of Anthem. “We are hopeful that the company can soon get back to doing what it does best, which is to produce great wrestling content.”

TNA has wrapped up filming Impact for this year and has TV covered up until the end of 2016. The next set of tapings – if the company is still alive by then – will have to be done in the first week of January 2017.