Impact wrestling thread - It's a Don West tribute thread now!

[garynysmon]

I hope he became pally with Pop TV during his time there then. Without TV he's not going to do anything sadly.

[IANdrewDiceClay]

Oh shit, Billy's shooting. He still hasnt been paid.

https://twitter.com/billy

[The Gaffer]

Sod TV. You can do great without it within your own niche, and that's still all TNA is even with TV. Niche. The landscape is littered with indies who all routinely do bigger houses than TNA does now, and aren't riddled with the same insane amount of debt.

 

TV is only important if you want to complete with WWE. Aint nobody doing that. It was the remit of the optimistic in 2006, now it's just batshit.

[WyattSheepMask]

[Buzz Lightyear]

Oh shit, Billy's shooting. He still hasnt been paid.

https://twitter.com/billy

"You just made the list...."

[WyattSheepMask]

Anthem Sports & Entertainment and Impact Ventures Announce Credit Relationship

 

Toronto, Canada (November 3, 2016) - 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.”

 

About Anthem Sports & Entertainment Corp.

 

Anthem Sports & Entertainment Corp. is a global leader in operating targeted specialty video channels on linear, digital and mobile platforms with offices and studios in New York, Toronto, Las Vegas and Los Angeles. Anthem’s portfolio includes Fight Network, the world’s premier combat sports channel now broadcasting in the U.S., Canada and over 30 other countries, Fantasy Sports Network (FNTSY), the world’s first and only channel dedicated to fantasy sports, RotoExperts.com, a leader in fantasy sports news and analysis, DailyRoto.com, the most comprehensive and far-reaching daily fantasy sports website and Edge Sport, an extreme and action sports network recently launched in Canada in partnership with IMG. Anthem also has a significant ownership interest in Pursuit Channel, one of the top outdoor channels in the U.S. available in over 40 million homes, and it owns SportsGrid.com, a leader in general sports entertainment commentary.

[uklaw]

So, Anthem own TNA now? It was all but said (or at least implied) but more pertinently, it would appear Dixie Carter is more than just a named person (a la Cary Silkin) and still has actual say?

 

If so, she's kept control of her toy and got more money? I need some of the survival instincts she has.

[Your Fight Site]

Unbelievable how TNA has managed to shaft someone else and get essentially a new sugar daddy.

[iPumaPants]

So Billy has the right to convert the money owed to him into rights to the company, to the tune of 36%? 

[Daaaaaad!]

So Billy has the right to convert the money owed to him into rights to the company, to the tune of 36%? 

 

No. Think that's what the court case was all about, that Billy couldn't do that. He's being given his money back plus interest.

 

Allegedly.

Edited November 3, 2016 by Daaaaaad!

[Nick Soapdish]

 

 

So Billy has the right to convert the money owed to him into rights to the company, to the tune of 36%?

No. Think that's what the court case was all about, that Billy couldn't do that. He's being given his money back plus interest.

 

Allegedly.

I think it's clear he hasn't been paid AND the deadline has passed. Surely he can take them back to court. Even if it's just Judge Judy or Rinder

[chokeout]

I think the bit the court ruled against was that if the company became insolvent he could claim ownership due to his investment, which was deemed illegal. I don't think they've totally ruled out the claiming a percentage of the company rather than his cash back.

They are currently going back and forth on Twitter and by all accounts the court case is still active.

[WeeAl]

It seems though that if he claims the 36% ownership, that it will be in stake only, with no power for that percentage. He's a lunatic if thats the case and he wants that instead of his money back.

[Jazzy G]

Corgan Vs Carter-Salinas? That'd be a hell of a Judge Rinder.

[Snitsky's back acne]

Billy's still shooting... https://twitter.com/billy