Anthem Media executives are expected to address the release of Scott D’Amore as TNA President tonight at the No Surrender special.
D’Amore reportedly had a dispute with management before his release, and since Len Asper, the head of Anthem, had the final say, the decision was made to release D’Amore. He made an offer to purchase the promotion before last month’s Hard To Kill PPV.
According to Dave Meltzer’s report in the most recent Wrestling Observer Newsletter, the company was offered $10 million. This offer included taking on all of the company’s existing debts and the trade debts with Anthem, who would receive $10 million in return.
The D’Amore group believed that the company’s value ranged between $7 million and $12 million. However, Anthem rejected the offer outright without making a counteroffer.
Anthem Media executives are set to address the release of Scott D’Amore as TNA President during the No Surrender special tonight. D’Amore’s departure reportedly stemmed from a dispute with management, ultimately leading to his release. It is worth noting that Len Asper, the head of Anthem, had the final say in this decision.
Prior to his departure, D’Amore made an offer to purchase the promotion before last month’s Hard To Kill PPV. According to a report by Dave Meltzer in the Wrestling Observer Newsletter, the offer amounted to $10 million. This proposal included taking on all of the company’s existing debts, as well as trade debts with Anthem, who would receive $10 million in return.
The D’Amore group believed that the company’s value fell within the range of $7 million to $12 million. However, Anthem rejected the offer outright without making a counteroffer. This decision suggests that Anthem’s management did not find the offer satisfactory or did not see it as a viable option for the future of the promotion.
The release of Scott D’Amore marks a significant change in leadership for TNA. As President, D’Amore played a crucial role in overseeing the day-to-day operations of the promotion. His departure raises questions about the direction TNA will take moving forward and who will step into the leadership role.
It is important to note that TNA has undergone several changes in ownership and management over the years. The promotion was originally founded by Jeff Jarrett and his father Jerry Jarrett in 2002. Since then, it has changed hands multiple times, with Anthem Media acquiring majority ownership in 2017.
Under Anthem’s ownership, TNA has rebranded as Impact Wrestling and has made efforts to revitalize the promotion. They have focused on building a strong roster of talented wrestlers and producing high-quality programming. However, despite these efforts, TNA/Impact Wrestling has faced challenges in competing with other major wrestling promotions such as WWE and AEW.
The release of Scott D’Amore adds another layer of uncertainty to the future of TNA/Impact Wrestling. It remains to be seen how Anthem Media executives will address this situation during the No Surrender special and what their plans are for the promotion moving forward.
Fans and industry insiders will be closely watching to see how TNA/Impact Wrestling navigates this leadership change and whether it will have any impact on the promotion’s standing in the wrestling industry. As the No Surrender special unfolds, all eyes will be on Anthem Media executives as they provide further insight into the release of Scott D’Amore and the future of TNA/Impact Wrestling.