It looks out TNA Wrestling has kicked out from bankruptcy once again.
In a statement released by Anthem Sports and Entertainment, the parent company of the Fight Network, they mentioned not only did they pay back the loan from actual TNA President Billy Corgan, but also "is positioned to provide additional transitional assistance to the company".
It's hardly a secret that TNA/Impact Wrestling has been on the rocks lately. From internal lawsuits, to the state of Tennessee putting a lien on the company to the fact that they have defaulted on their American Express bill, things haven't looked great for the wrestling promotion for a while, but this investment could be the start of something that gets them back on track.
TNA recently has made headlines in the wrestling world with the Broken Hardys storyline and how it launched a thousand memes. They recently crowned Eddie Edwards their new World Champion, ushering in a new era of their own.
“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 CEO of Anthem, Leonard Asper. “We are hopeful that the company can soon get back to doing what it does best, which is to produce great wrestling content.”
There's so much money being thrown around that company, and so many fingers in the pie so to speak, it'll be interesting to see how this investor goes with the flow of things.