The Fight Network’s parent company Anthem Sports & Entertainment Corporation owns a stake in the financially failing TNA wrestling organization. A lot of drama involving law suits, the wrestling promotion’s future, and the ownership of the company have been out there on dirt sheet sites recently. Today a statement was issued on The Fight Network website to the surprise of many.
Anthem Statement on Investment in TNA Impact Wrestling
Toronto – Anthem Sports & Entertainment Corp. (“Anthem”), the parent company of Fight Network, today confirmed that it recently made a working capital loan to fund the operations of TNA Impact Wrestling. Fight Network is a licensee of TNA programming for broadcast in the U.S., Canada and other international markets, and is also the exclusive licensee of TNA for streaming Internet-delivered TV.
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.
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.
There hasn’t been a lot of hope in the company for a while in terms of its staying around. Maybe this will change things for the better?