TNA & Anthem Announce Credit Relationship – Corgan No Longer With TNA

– Anthem Sports & Entertainment Corp. and Impact Ventures (the parent company of TNA Impact Wrestling) announced today that Anthem has provided a credit facility to TNA to fund operations. Anthem Sports & Entertainment Corp. operates Fight Network, Impact Wrestling’s exclusive broadcaster in Canada, as well as the exclusive worldwide digital streaming partner for all TNA programming. They are also an equity stakeholder in Impact Ventures.

Anthem Executive Vice President Ed Nordholm has been appointed 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. Here are comments from Dixie Carter and Leonard Asper, CEO of Anthem…

Dixie Carter: “We have had a successful, long-term partnership with Fight Network as our Canadian broadcaster, and more recently as our global digital partner. Anthem’s team has extensive media experience, and I am excited to have that available to us as we plan for the future.”

Leonard Asper, CEO of Anthem: “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. 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.”