Paid Members Hannibal Scorch Posted May 8, 2024 Paid Members Posted May 8, 2024 2 minutes ago, SuperBacon said: Progress Wrestling Chapter 138: Yes, But Have You Looked At The EBITDA? 139: Financial Survival Series. Quote
RoryT Posted May 8, 2024 Posted May 8, 2024 (edited) Just posted it as I remembered reading one of his posts about it a while back so thought id ask him about it. Also says they bought DEFY wrestling this year. Make of it what you will Im just a casual fan and know nothing of indies nor am i a financial expert - just thought you might be interested to hear what he has to say... can't guarantee he isn't lying but he was posting about buying the promotion a couple of months (or more i cant remember) back, on a non wrestling forum. Edited May 8, 2024 by RoryT Quote
HobowithaShotgun Posted May 8, 2024 Posted May 8, 2024 Yeah they apparently bought or merged with Defy which was quite random. Defy sells out here in Seattle regularly and prices are high enough but the shows are stacked. Makes me wonder how well Defy are truly doing then based on all of this. Quote
andrew "the ref" coyne Posted May 8, 2024 Posted May 8, 2024 22 minutes ago, HobowithaShotgun said: Yeah they apparently bought or merged with Defy which was quite random. Defy sells out here in Seattle regularly and prices are high enough but the shows are stacked. Makes me wonder how well Defy are truly doing then based on all of this. What did that merger actually mean? As far as I am aware Progress and Defy still run I'm there own markets and very little has changed from a fans perspective. Quote
HobowithaShotgun Posted May 9, 2024 Posted May 9, 2024 27 minutes ago, andrew "the ref" coyne said: What did that merger actually mean? As far as I am aware Progress and Defy still run I'm there own markets and very little has changed from a fans perspective. Baffled myself honestly and no clue what it means. There's talk of pooling resources and they ran a joint show at the collective but not sure what it means beyond that. Not like they're shipping rings across to each other or anything I'd imagine. I can't really fathom why Defy would merge with a UK company that's seemingly deep in the hole financially, can't imagine there's a lot to gain from it. Quote
Paid Members air_raid Posted May 9, 2024 Paid Members Posted May 9, 2024 A British company with a load of debt buying an overseas company? Well, I’m no expert, but some combination of money laundering and/or tax evasion. Chapter 140 : Bringing In Surprising Amounts Of Turnover For A Car Wash Next To A Polski Sklep Quote
Paid Members mim731 Posted May 9, 2024 Paid Members Posted May 9, 2024 15 hours ago, SuperBacon said: Progress Wrestling Chapter 138: Yes, But Have You Looked At The EBITDA? Headlined by Enzo Amore-tisation. Quote
Paid Members air_raid Posted May 9, 2024 Paid Members Posted May 9, 2024 5 minutes ago, mim731 said: Headlined by Enzo Amore-tisation. He'll definitely be coerced into returning for Unboxing 7 : Baby It's Cold Outside. Quote
Paid Members herbie747 Posted May 9, 2024 Paid Members Posted May 9, 2024 17 hours ago, andrew "the ref" coyne said: What did that merger actually mean? As far as I am aware Progress and Defy still run I'm there own markets and very little has changed from a fans perspective. In Britwres, a merger means: "Shall we just say we merged so we seem bigger and more international, and maybe we can run some shows together sometime? "Yeah okay". I doubt there was anything more to it like money changing hands, change of company directors, updating the articles or memorandums, asset handovers - it was all just fluff. Quote
Daddymagic Posted May 9, 2024 Author Posted May 9, 2024 Lee McAteer is a prize idiot but I don't see even him either a) having half a million to throw around or b) divulging how he runs his business on a random forum. Quote
andrew "the ref" coyne Posted May 10, 2024 Posted May 10, 2024 11 hours ago, herbie747 said: In Britwres, a merger means: "Shall we just say we merged so we seem bigger and more international, and maybe we can run some shows together sometime? "Yeah okay". I doubt there was anything more to it like money changing hands, change of company directors, updating the articles or memorandums, asset handovers - it was all just fluff. This was my presumption too. It's the way the original press release was very "OH MY GOD THIS IS MASSIVE FOR FANS" and led to nothing. Had something similar here; two training schools merged, but really one was closing up shop and was a way to save face. Quote
Paid Members air_raid Posted May 10, 2024 Paid Members Posted May 10, 2024 10 hours ago, Daddymagic said: Lee McAteer is a prize idiot but I don't see even him either a) having half a million to throw around or b) divulging how he runs his business on a random forum. You’d be surprised what people admit on a random forum. Quote
RoryT Posted May 10, 2024 Posted May 10, 2024 (edited) Pretty sure whoever I have spoken to is NOT Lee Mcateer as he isn't a wrestling fan and I think he's US based. Maybe he's just some weird guy on an obscure forum who made it up for clout, considering most people on that forum think wrestling is shit it would be a weird flex. The numbers are out there and people were speculating - why not clear things up like he did. Could easily just be mates with this other guy etc. We shall see. Edited May 10, 2024 by RoryT Quote
Paid Members air_raid Posted May 10, 2024 Paid Members Posted May 10, 2024 1 hour ago, RoryT said: Maybe he's just some weird guy on an obscure forum who made it up for clout, considering most people on that forum think wrestling is shit it would be a weird flex. Not sure it's any weirder than people who hate wrestling coming to a wrestling forum to talk about virtually anything BUT wrestling. Quote
RoryT Posted May 10, 2024 Posted May 10, 2024 48 minutes ago, air_raid said: Not sure it's any weirder than people who hate wrestling coming to a wrestling forum to talk about virtually anything BUT wrestling. Is this a thing? Quote
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