TNA Wrestling and Anthem Sports issued the following press release today:
Anthem Sports & Entertainment Corp. and Impact Ventures, parent company of TNA Impact Wrestling, today announced that Anthem has provided a credit facility to TNA to fund operations.
Anthem Sports & Entertainment Corp. is a global sports media company that operates Fight Network, Impact Wrestling’s exclusive broadcaster in Canada, as well as the exclusive worldwide digital streaming partner for all TNA programming. It is also an equity stakeholder of Impact Ventures.
The agreement includes the appointment of Anthem Executive Vice President Ed Nordholm to the Impact Ventures Board of Managers. The company will be managed by the Board with Mr. Nordholm representing the Board on all major operating and restructuring decisions. Dixie Carter will continue as Chair of the Company, as well as her position on the Board of Managers. Billy Corgan is no longer with the company.
“We have had a successful, long-term partnership with Fight Network as our Canadian broadcaster, and more recently as our global digital partner,” said Dixie Carter. “Anthem’s team has extensive media experience, and I am excited to have that available to us as we plan for the future.”
“We have consistently maintained that investing in content as we grow our distribution is important as a strategic necessity, and working more closely with a strong brand like TNA is in line with that. This financing is an extension of the support we have been providing since the beginning of the year,” said Leonard Asper, CEO of Anthem. “There are tremendous opportunities to support the company’s growth on all platforms and in all media along side Dixie and the incredible talent and staff at TNA.”
Smith’s Sentiment: Good lord.
Pretend Pinkman says “she” in that clip and that’d be my reaction. It’s a real shame that Billy Corgan couldn’t end up with the company and make the changes he wanted to make. Maybe then TNA would have had a chance. I question the sanity of any individual or company that can keep injecting money into TNA while letting Dixie Carter have any continued say.
I’ll continue to not watch TNA for as long as Dixie Carter is even remotely involved in the company.
Interestingly enough, it appears Corgan isn’t going to back down without a continued fight:
Corgan’s lawsuit again TNA remains open, and things could be getting messy here soon.