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GFW/ Impact Wrestling News: Josh Matthews rubbishes reports of Anthem wanting to sell GFW

1.25K   //    29 Sep 2017, 23:37 IST

Josh Matthews appears to believe that GFW is moving forward
Josh Matthews appears to believe that GFW is moving forward

What's the story?

In a recent interview with Brian Fritz of the Sporting News, Josh Matthews played down any reports suggesting that Anthem Sports & Entertainment was looking to jettison GFW. The announcer stated that everybody was fully invested in the Nashville-based promotion and that all the momentum was heading in the right direction.

In case you didn't know...

On September 06, 2017, Sports Illustrated released a report which stated that Anthem Sports & Entertainment was considering its desire to remain in the professional wrestling industry because GFW was "haemorrhaging funds."

It should be noted that this story coincided with Jeff Jarrett's departure from the company.

The heart of the matter

Josh Matthews said that the reports about Anthem Sports & Entertainment potentially selling GFW couldn't be further from the truth. "They're fully invested. We're doing 'Bound for Glory' on November 05 and all this momentum is going forward. Then one story and one thing and one negative piece of journalism comes out and it kind of puts you eight steps back and it's really difficult," he added.

GFW doesn't possess any substantial streams of revenue outside its international television rights deals. However, the company possesses a significant asset in the form of its tape library, which contains many hours of marketable content.

What's next?

Bound for Glory, one of GFW's biggest pay-per-views, will air on November 05, 2017, from the Aberdeen Pavillion in Ottawa, Ontario, Canada. The show is reportedly set to feature the return of Alberto El Patron and could provide GFW with a shot in the arm.

Author's take

If Anthem were to sell GFW, WWE would head the list of suitors as the tape library would add a great deal to the Network.

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