Friday, March 29, 2024
NewsTNA Minority Owner Issues Out Statement On Corgan's Loans

TNA Minority Owner Issues Out Statement On Corgan’s Loans

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Anthem Sports and Entertainment issued a statement in regards to their investment in TNA and offering to pay off Billy Corgan’s loans. The statement says that the company made a “working capital loan” to fund TNA’s operations and is “positioned to provide additional transitional assistance to the company.”

“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.”

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