Global Force Wrestling is “hemorrhaging funds” according to a story posted by Sports Illustrated’s Justin Barrasso. The story also states that parent company Anthem Sports and Entertainment is looking to sell the pro wrestling company. Read more at SI.com.
Powell’s POV: None of this should surprise anyone. Anthem purchased a company that was buried in debt. They lost their UK television deal and ended up striking a different deal with Spike UK, but there’s no word as to whether that deal is more lucrative than their previous deal with Challenge TV. In the United States, they have what has been described as a barter deal on Pop TV. After searching for a better U.S. television deal, they reportedly have landed back on Pop in 2018. The company has run two house shows since Anthem took over and cancelled a third show. They have boasted about digital media numbers improving, and there has been a renewed emphasis on moving their merchandise. The company presumably has a smaller talent payroll than it did under Carter. Beyond those changes, what new revenue streams has Anthem opened that would make anyone think the company is anywhere close to profitable?