Deathwatch thread #657,890 (Op updated)

[r.]

“GFW is hemorrhaging funds, and sources close to the situation have confirmed that Anthem is ready to withdraw itself from the wrestling industry and sell GFW. Anthem even needed to gut the Fight Network in order to finance GFW.” (SI.com)

www.sescoops.com/report-global-force-hemorrhaging-funds-anthem-wants-out/

Sept 6, 2017 11:46:42 GMT -5 Captain Stud Muffin (BLM) said:

Global Force Wrestling is in a state of jeopardy, and things seem to be getting worse. After Jeff Jarrett took an indefinite leave of absence as Chief Creative Officer to focus on personal matters, Sports Illustrated's Justin Barrasso reports that GFW's parent company Anthem Sports and Entertainment is preparing to sell the wrestling commodity.

Barrasso states that GFW is "hemorrhaging funds" and Anthem had to needed to "gut the Fight Network" just to finance GFW. It was just earlier this year that Anthem acquired the company after GFW's merger with TNA Impact Wrestling. Barrasso reports that since Jarrett technically owns the name of Global Force Wrestling, Anthem would technically be selling Impact Wrestling.

Also, PWInsider reports that "multiple meetings" were held Tuesday afternoon to discuss the future of GFW. Members of the roster were called to reassure them of the company's stability in the wake of the Jarrett announcement. But with these latest reports, it seems that Anthem is looking for suitors to get rid of GFW. Barrasso reports that among the potential suitors are WWE, Ring Of Honor and former TNA investor Billy Corgan.

www.wrestlinginc.com/wi/news/2017/0906/631905/anthem-reportedly-ready-to-sell-gfw/

Holding meetings to reassure the roster sounds all too familiar. Also F****ing Billy Corgan might get to buy the company after all

Sept 6, 2017 17:45:30 GMT -5 Captain Stud Muffin (BLM) said:

- It was noted during today's GFW conference call with Johnny Impact that the future of the company will be discussed on next Wednesday's call. The guests for next week's call will be Sonjay Dutt, Scott D'Amore and "Big" John Gaburick, who are leading the creative team with Jarrett's absence.
- Alfred Konuwa's latest blog at Forbes looks at GFW's problems and why WWE should avoid buying it.

"All Impact Wrestling really has to offer are tape libraries, which very well could be an overrated commodity in and of itself, especially when it comes to solving WWE's looming problem of attracting subscribers beyond its currently low ceiling of hardcore fans," Konuwa wrote. "As WWE goes through several cutbacks in order to rally its profits, all while trying to figure out how to make WWE Network more mainstream after it seems to have peaked at 1.6 million subscribers, spending money to acquire a damaged product with a minuscule audience would defeat the purpose of its mission statement in 2017."

- Former TNA World Heavyweight Champion Bubba Ray Dudley tweeted the following words of encouragement to the GFW roster today:

www.wrestlinginc.com/wi/news/2017/0906/631912/gfw-execs-to-discuss-future-of-the-company/

In regard to the Justin Barrasso report on Sports Illustrated's website that Anthem is seeking to sell off GFW, we are told that in meetings this week, all discussion was about plans going forward and there was no inkling of plans to shut down or sell off the video library. We've heard nothing from the WWE end that such discussions are underway and they would be the most likely buyer. Although any discussions would be attempted to be kept under wraps as long as possible, my personal belief is that with WWE in cost-cutting mode and having slowed down other aspects, such as original WWE Network programming, they likely aren't looking to rush into a major acquisition

www.pwinsider.com/article/112170/gfw-creative-update-correction-from-a-few-days-ago-and-more-news.html?p=1

Impact Wrestling Planning to Stop Taping TV In Orlando & Focus On New Locations

411mania.com/wrestling/impact-wrestling-tv-new-locations/

[eJm]

I know there are people who say that having a company like GFW around is good for business and good to keep a 'number two' of sorts around for talent to go to and all that sort of thing and I really do feel for the people still there who aren't the dingbats on top trying to make it all work somehow...

This company just needs to go. And yeah, Vince buying a major tape library isn't IDEAL for the long term but we've reached the point where there are so many promotions chomping at the bit to grow (some are being offered major TV deals potentially or getting things set up for stuff to happen) where GFTNAWImpact just isn't needed. Never mind the negative publicity, the incompetent ownership, the don't-give-a-damn attitudes to employees etc.

[A Platypus Rave]

TNA have had so many chances and poisoned so many wells it's amazing that they are still around.

and I mean eventually they gotta run outta miracles.

[Ben Wyatt]

Just feels like for the chances they get they're never able to make enough positive changes to make the slightest bit of difference

[Deleted]

MGM scoop in buy it cheap take the best of the roster ...Eli , Rosemary etc and then let the rest go wherver they want.

I have clamored for Rosemary in LU and looks like the best chance for it is here.

[chrom]

So has the statements of it's all lies and people are making stuff up and we're gonna sue them started yet?

[eJm]

Sept 6, 2017 10:28:35 GMT -5 chrom said:

So has the statements of it's all lies and people are making stuff up and we're gonna sue them started yet?

Shockingly, no. But I guess this story came out a few minutes ago so I guess by 30 minutes past that time the 'LIARS!' and 'MORALE IS HIGH!' tweets should come out.

[A Platypus Rave]

as I said in the Jarrett thing... I bet they expected more people to take the 10% thing

[This Player Hating Mothman]

[J Lee O'Brien]

Sept 6, 2017 10:31:15 GMT -5 eJm said:

Sept 6, 2017 10:28:35 GMT -5 chrom said:

So has the statements of it's all lies and people are making stuff up and we're gonna sue them started yet?

Shockingly, no. But I guess this story came out a few minutes ago so I guess by 30 minutes past that time the 'LIARS!' and 'MORALE IS HIGH!' tweets should come out.

This one might also be a lot harder to deny, what with Jarrett's situation and the sources being closer to Anthem than DNR.

[EoE: Well There's Your Problem]

Sept 6, 2017 10:24:12 GMT -5 A Platypus Rave said:

TNA have had so many chances and poisoned so many wells it's amazing that they are still around.

and I mean eventually they gotta run outta miracles.

The Miracle ran out on them, too.

[Dub H]

[r.]

Sept 6, 2017 10:24:12 GMT -5 A Platypus Rave said:

TNA have had so many chances and poisoned so many wells it's amazing that they are still around.

and I mean eventually they gotta run outta miracles.

Inb4 PBS announces a partnership with GFW, Where the matches are paid for by the Corporation for Public Broadcasting and viewers like you.

[Facetious]

TNA Roster on Twitter



Does this image show that we're hemorrhaging money? Stupid marks that is a sellout crowd! Oh, and Charlotte walks to the ring... I did that first.

[eJm]

Sept 6, 2017 10:35:36 GMT -5 J Lee O'Brien said:

Sept 6, 2017 10:31:15 GMT -5 eJm said:

Shockingly, no. But I guess this story came out a few minutes ago so I guess by 30 minutes past that time the 'LIARS!' and 'MORALE IS HIGH!' tweets should come out.

This one might also be a lot harder to deny, what with Jarrett's situation and the sources being closer to Anthem than DNR.

That hasn't stopped them in the past.

'No, we can pay everyone and pay them on time'

*Few weeks later*

'That's Bobby Roode, everyone wants to be here at NXT!'

[This Player Hating Mothman]

There is a very real chance this company doesn't make it to Bound for Glory and that's the most TNA possible way to go out honestly.

[A Platypus Rave]

Sept 6, 2017 10:43:13 GMT -5 r. said:

Sept 6, 2017 10:24:12 GMT -5 A Platypus Rave said:

TNA have had so many chances and poisoned so many wells it's amazing that they are still around.

and I mean eventually they gotta run outta miracles.

Inb4 PBS announces a partnership with GFW, Where the matches are paid for by the Corporation for Public Broadcasting and viewers like you.

"viewers"

[Dub H]

the reason they are losing so much money is because Josh just gets too many buckets of cash.

[This Player Hating Mothman]

If ousting Jarrett yesterday is possibly a move to help make any ensuing sale smoother/potentially put Gaburick back in a major role so he can get them on the line with WWE and orchestrate the sale that almost happened last year, then this would actually make the second time that the owner of TNA used Jarrett's personal life as an empty excuse to kick him out in a power play. And I think there's something poetic about that. Time is a flat circle.

[Captain Stud Muffin (BLM)]

We talked up a death thread so much it came true