Scott D’Amore Offered $10 Million to Buy TNA

Join us at the Fifth Annual 80s Wrestling Con on Saturday, May 4th, at the Mennen Sports Arena in Morristown, NJ, featuring The Four Horsemen, Jake Roberts, and More! 80sWrestlingCon.com.

Fans and wrestlers are still coming to grips with the fact that Scott D'Amore is out as the TNA President and Anthony Cicione is replacing him, leaving talent upset with management to the point where they sent Anthem, the parent company of the promotion, a letter urging the company to bring him back.

Departure

It all started when D'Amore had a dispute with management before his release, and since Len Asper, the head of Anthem, had the final say, it was D’Amore who was going.

The wheels were in motion for D’Amore’s termination a month before it was announced.

D'Amore went to Anthem with an offer to buy TNA outright with the backing of a major banking institution before Hard To Kill, TNA’s most successful pay-per-view event in several years, but it was rejected.

Attempt

In the latest edition of the Wrestling Observer Newsletter, Dave Meltzer reported that two sources close to the talks and one who was involved said the offer was $10 million for the company.

Meltzer wrote, “One noted for clarity that it was $10 million plus assuming all existing debts the company had as well as the trade debts so that Anthem itself would walk away with $10 million in the bank out of the deal. The D’Amore group believed the company value was between $7 million and $12 million. Anthem turned down the offer cold without a counteroffer made.”