TNA Wrestling recently announced that Scott D’Amore is out as the TNA President. Anthony Cicione will be replacing him.
D’Amore has been terminated by TNA’s parent company, Anthem Sports and Entertainment, with the belief that the decision came from Anthem owner Len Asper. D’Amore had made an offer to buy TNA outright with the backing of a major banking institution, but it was rejected.
Sean Ross Sapp from Fightful Select revealed that the process of terminating D’Amore had already begun a month ago. Anthem expressed their intention to portray it as a mutual departure, something D’Amore was against.
Although D’Amore preferred not to label it as such, the wording was chosen by company executives for D’Amore’s benefit. Before the public announcement of his termination, D’Amore had made an offer to purchase TNA.
TNA Wrestling, also known as Impact Wrestling, has recently made headlines with the announcement that Scott D’Amore is no longer the President of the company. He has been replaced by Anthony Cicione, leaving fans and industry insiders curious about the reasons behind this sudden change in leadership.
D’Amore’s termination came as a surprise to many, as he had been with TNA for a significant period of time and was considered an integral part of the company. The decision to remove him from his position was made by Anthem Sports and Entertainment, the parent company of TNA, with the belief that it was initiated by Anthem owner Len Asper.
One of the key factors leading to D’Amore’s termination was his attempt to purchase TNA outright. He had secured backing from a major banking institution to make this offer, but unfortunately, it was rejected by Anthem. This move may have strained his relationship with the company and ultimately led to his departure.
The process of terminating D’Amore had actually begun a month prior to the official announcement. Sean Ross Sapp from Fightful Select revealed that Anthem had expressed their intention to portray it as a mutual departure, something D’Amore was against. This suggests that there may have been some disagreement or tension between D’Amore and Anthem leading up to his termination.
It is worth noting that D’Amore preferred not to label his departure as a termination, but rather as a mutual decision. However, the wording chosen for the public announcement was decided by company executives for D’Amore’s benefit. This raises questions about the true nature of his departure and whether there were any underlying issues that contributed to this decision.
Despite the circumstances surrounding his exit, D’Amore had shown a strong interest in acquiring TNA. This indicates his dedication and passion for the company, which may have made his termination all the more difficult for him to accept.
As TNA moves forward under the leadership of Anthony Cicione, fans and industry insiders will be watching closely to see how the company evolves. The departure of Scott D’Amore marks a significant change for TNA, and it remains to be seen how this will impact the promotion’s direction and future plans.
In conclusion, the termination of Scott D’Amore as the President of TNA Wrestling has caused a stir in the wrestling community. With his attempt to purchase the company and the subsequent rejection of his offer, it appears that tensions between D’Amore and Anthem Sports and Entertainment may have played a role in his departure. As TNA moves forward with new leadership, the wrestling world eagerly awaits to see what the future holds for the promotion.