{"id":33747,"date":"2016-10-19T19:38:48","date_gmt":"2016-10-20T00:38:48","guid":{"rendered":"http:\/\/www.pwtorch.com\/site\/?p=33747"},"modified":"2016-10-19T19:40:33","modified_gmt":"2016-10-20T00:40:33","slug":"breaking-tna-financial-update-fight-network-parent-company-anthem-confirms-loaned-tna-working-capital-operations-will-provide-additional-assistance","status":"publish","type":"post","link":"https:\/\/www.pwtorch.com\/site\/2016\/10\/19\/breaking-tna-financial-update-fight-network-parent-company-anthem-confirms-loaned-tna-working-capital-operations-will-provide-additional-assistance\/","title":{"rendered":"BREAKING &#8211; TNA Financial Update: Fight Network parent company Anthem confirms it loaned TNA working capital for operations, will provide additional assistance"},"content":{"rendered":"<div id=\"pwtor-1102956670\" class=\"pwtor-before-content pwtor-entity-placement\"><hr \/><b>SPOTLIGHTED PODCAST ALERT (YOUR ARTICLE BEGINS A FEW INCHES DOWN)... <\/b>\r\n\r\n<iframe src=\"https:\/\/widget.spreaker.com\/player?show_id=3076978&theme=light&playlist=false&playlist-continuous=false&autoplay=false&live-autoplay=false&chapters-image=true&episode_image_position=right&hide-logo=false&hide-likes=false&hide-comments=false&hide-sharing=false&hide-download=true\" width=\"100%\" height=\"140px\" frameborder=\"0\"><\/iframe>\r\n<hr \/><\/div><p>Anthem Sports &amp; Entertainment Corp. issued a press release tonight stating that it has recently loaned TNA funding for operations and offered to replay the loans made to Billy Corgan. The statement adds that it is &#8220;positioned to provide additional transitional assistance to\u00a0the company.&#8221;<\/p>\n<p>Fight Network CEO Leonard Aspert praises TNA as a &#8220;strong property for Fight Network&#8221; and says they\u00a0have &#8220;a keen interest in seeing the company not only survive, but continue to grow and thrive.&#8221;<\/p>\n<p>&#8220;We are hopeful that the company can soon get back to doing what it does best, which is to produce great wrestling content,&#8221; he says in the prepared statement.<\/p>\n<p>TNA has been at the center of an ownership struggle and news of various debtors coming after them in recent weeks. When there was doubt whether Bound for Glory would take place, billed\u00a0annually as their biggest PPV, mystery funding came through at the last moment to produce the PPV and a week of TV tapings in Orlando. Anthem Sports is confirming they have provided vital funding to keep TNA afloat.<\/p>\n<h3>FULL PRESS RELEASE FOLLOWS&#8230;<\/h3>\n<p><b>Toronto \u2013 Anthem Sports &amp; Entertainment Corp. (\u201cAnthem\u201d)<\/b>, the parent company of\u00a0<b>Fight Network<\/b>, today confirmed that it recently made a working capital loan to fund\u00a0the operations of\u00a0<b>TNA Impact Wrestling<\/b>. 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.<\/p>\n<p class=\"p2\"><span class=\"s1\">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\u00a0the company.<\/span><\/p>\n<p class=\"p2\"><span class=\"s1\">\u201cTNA is a strong property for Fight Network and as a licensee and global distribution partner\u00a0we have a keen interest in seeing the company not only survive but continue to grow and thrive, alongside our own growth,\u201d said Leonard Asper, CEO of Anthem. \u201cWe are hopeful that the company can soon get back to doing what it does best, which is to produce great wrestling content.\u201d<\/span><\/p>\n<p class=\"p2\"><span class=\"s1\"><b>About Anthem Sports &amp; Entertainment Corp.<\/b><\/span><\/p><div id=\"pwtor-2501701226\" class=\"pwtor-content pwtor-entity-placement\"><div align=\"center\" data-freestar-ad=\"__336x280 __336x280\" id=\"pwtorchcom_test_300x250\">\r\n  <script data-cfasync=\"false\" type=\"text\/javascript\">\r\n    freestar.config.enabled_slots.push({ placementName: \"pwtorchcom_test_300x250\", slotId: \"pwtorchcom_test_300x250\" });\r\n  <\/script>\r\n<\/div><\/div>\n<p class=\"p2\"><span class=\"s1\">Anthem Sports &amp; 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\u2019s portfolio includes\u00a0<a href=\"http:\/\/t2282958.omkt.co\/track.aspx?id=402%7C22D5CE%7CDE2C%7C8D2%7CF1%7C0%7C165%7C1%7C29F81E47&amp;destination=http%3a%2f%2fwww.fightnetwork.com&amp;dchk=76FE9E97\"><span class=\"s2\">Fight Network<\/span><\/a>, the world\u2019s premier combat sports channel now broadcasting in the U.S., Canada and over 30 other countries,\u00a0<a href=\"http:\/\/t2282958.omkt.co\/track.aspx?id=402%7C22D5CE%7CDE2C%7C8D2%7CF1%7C0%7C166%7C1%7C29F81E47&amp;destination=http%3a%2f%2ffantasysportsnetwork.com%2f&amp;dchk=21C8ED3\"><span class=\"s2\">Fantasy Sports Network<\/span><\/a>\u00a0(FNTSY), the world\u2019s first and only channel dedicated to fantasy sports,\u00a0<a href=\"http:\/\/t2282958.omkt.co\/track.aspx?id=402%7C22D5CE%7CDE2C%7C8D2%7CF1%7C0%7C167%7C1%7C29F81E47&amp;destination=http%3a%2f%2fwww.rotoexperts.com%2f&amp;dchk=2F1B3B40\"><span class=\"s2\">RotoExperts.com<\/span><\/a>, a leader in fantasy sports news and analysis,\u00a0<a href=\"http:\/\/t2282958.omkt.co\/track.aspx?id=402%7C22D5CE%7CDE2C%7C8D2%7CF1%7C0%7C168%7C1%7C29F81E47&amp;destination=http%3a%2f%2fwww.dailyroto.com&amp;dchk=2E8F849\"><span class=\"s2\">DailyRoto.com<\/span><\/a>, the most comprehensive and far-reaching daily fantasy sports website and\u00a0<a href=\"http:\/\/t2282958.omkt.co\/track.aspx?id=402%7C22D5CE%7CDE2C%7C8D2%7CF1%7C0%7C169%7C1%7C29F81E47&amp;destination=http%3a%2f%2fedgesport.ca%2f&amp;dchk=44166DAA\"><span class=\"s2\">Edge Sport<\/span><\/a>, an extreme and action sports network recently launched in Canada in partnership with IMG. Anthem also has a significant ownership interest in\u00a0<a href=\"http:\/\/t2282958.omkt.co\/track.aspx?id=402%7C22D5CE%7CDE2C%7C8D2%7CF1%7C0%7C16A%7C1%7C29F81E47&amp;destination=http%3a%2f%2fwww.pursuitchannel.com&amp;dchk=25C58AA8\"><span class=\"s2\">Pursuit Channel<\/span><\/a>, one of the top outdoor channels in the U.S. available in over 40 million homes, and it owns\u00a0<a href=\"http:\/\/t2282958.omkt.co\/track.aspx?id=402%7C22D5CE%7CDE2C%7C8D2%7CF1%7C0%7C16B%7C1%7C29F81E47&amp;destination=http%3a%2f%2fwww.sportsgrid.com%2f&amp;dchk=29D4B89C\"><span class=\"s2\">SportsGrid.com<\/span><\/a>, a leader in general sports entertainment commentary.<\/span><\/p>\n<div class=\"pwtor-end-article-groups pwtor-entity-placement\" id=\"pwtor-1830936101\"><div id=\"pwtor-900206076\"><div align=\"center\" data-freestar-ad=\"__336x280\" id=\"pwtorchcom_medrec_3\">\r\n  <script data-cfasync=\"false\" type=\"text\/javascript\">\r\n    freestar.config.enabled_slots.push({ placementName: \"pwtorchcom_medrec_3\", slotId: \"pwtorchcom_medrec_3\" });\r\n  <\/script>\r\n<\/div>\r\n\r\nTHANK YOU FOR VISITING<\/div><\/div>","protected":false},"excerpt":{"rendered":"<div class=\"mh-excerpt\"><p>Anthem Sports &amp; Entertainment Corp. issued a press release tonight stating that it has recently loaned TNA funding for operations and offered to replay the loans made to Billy Corgan. The statement adds that it <a class=\"mh-excerpt-more\" href=\"https:\/\/www.pwtorch.com\/site\/2016\/10\/19\/breaking-tna-financial-update-fight-network-parent-company-anthem-confirms-loaned-tna-working-capital-operations-will-provide-additional-assistance\/\" title=\"BREAKING &#8211; TNA Financial Update: Fight Network parent company Anthem confirms it loaned TNA working capital for operations, will provide additional assistance\">[&#8230;]<\/a><\/p>\n<\/div>","protected":false},"author":1,"featured_media":1550,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"episode_type":"","audio_file":"","podmotor_file_id":"","podmotor_episode_id":"","cover_image":"","cover_image_id":"","duration":"","filesize":"","filesize_raw":"","date_recorded":"","explicit":"","block":"","itunes_episode_number":"","itunes_title":"","itunes_season_number":"","itunes_episode_type":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2,4],"tags":[4056,2260,203,120],"class_list":["post-33747","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-prowrestlingnews","category-news_tna","tag-anthem","tag-fight-network","tag-impact-wrestling","tag-tna"],"jetpack_featured_media_url":"https:\/\/www.pwtorch.com\/site\/wp-content\/uploads\/2015\/10\/Impact_3x21.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.pwtorch.com\/site\/wp-json\/wp\/v2\/posts\/33747","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pwtorch.com\/site\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pwtorch.com\/site\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pwtorch.com\/site\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pwtorch.com\/site\/wp-json\/wp\/v2\/comments?post=33747"}],"version-history":[{"count":2,"href":"https:\/\/www.pwtorch.com\/site\/wp-json\/wp\/v2\/posts\/33747\/revisions"}],"predecessor-version":[{"id":33751,"href":"https:\/\/www.pwtorch.com\/site\/wp-json\/wp\/v2\/posts\/33747\/revisions\/33751"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pwtorch.com\/site\/wp-json\/wp\/v2\/media\/1550"}],"wp:attachment":[{"href":"https:\/\/www.pwtorch.com\/site\/wp-json\/wp\/v2\/media?parent=33747"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pwtorch.com\/site\/wp-json\/wp\/v2\/categories?post=33747"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pwtorch.com\/site\/wp-json\/wp\/v2\/tags?post=33747"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}