Scott D’Amore was willing to pay big money to purchase TNA Wrestling and save his role with the promotion in the process.
D’Amore was fired as TNA President by Anthem Entertainment, TNA’s parent company, earlier this month. The Team Canada alum has been replaced by Anthony Cicione, Anthem’s President, in an effort to strengthen ties between the two parties. The decision to cut D’Amore has been met with backlash. TNA’s roster has issued a letter to Anthem, expressing their views on the matter.
Purchasing TNA Wrestling
Shortly before his exit from TNA Wrestling, D’Amore attempted to purchase the company from Anthem. While the figure was not disclosed at the time of his departure, it was said to be a serious offer with the backing of a major financial institution.
D’Amore offered $10 million to acquire TNA Wrestling, Dave Meltzer of the Wrestling Observer Newsletter reported this week. In addition to this, Scott offered to take on all existing debts. Anthem turned down the offer out-right without a counter offer being made. The D’Amore group believed the company value was between $7 million and $12 million.
What’s Next?
A meeting will take place at this week’s tapings of TNA Wrestling and it is believed the D’Amore situation will be addressed. Some in TNA believe that Len Asper, the head of Anthem, will be at the meeting.
With or without D’Amore, TNA will move on ahead with its weekly entertainment. On March 8, the promotion will host its Sacrifice pay-per-view from Windsor, Ontario, Canada. The show will be TNA’s second PPV since relaunching at last month’s Hard to Kill show.
