TNA Wrestling sources deny that the company is up for sale

Mike Johnson of PWInsider.com is reporting that recent online claims about TNA being up for sale are inaccurate. According to Johnson, PWInsider spoke with multiple sources within both TNA and its parent company, Anthem Media, who stated that the company is not currently on the market and that Anthem has not been seeking a buyer.

Anthem sources also denied reports claiming TNA was being valued at $30-$50 million, describing that figure as “undervaluing” the company in its current state.

Additionally, sources refuted claims that WWE holds a right of first refusal to match any offer for TNA. They also noted that Anthem previously declined an offer from Scott D’Amore to purchase the company several years ago.

Johnson stated the following…

“One source claimed the timing of the stories appeared to be aimed at ‘hurting the company’ as it headed into Slammiversary and bemoaned the fact that ‘a social media account with no track record or real following threw out grandiose statements and everyone parroted it for no reason other than to grab attention for themselves.'”