7 Big Questions Raised By GFW's Latest Financial Meltdown

7. Didn't Anthem Know What They Were Getting Into?

Anthem saved TNA from bankruptcy last year. The promotion were set to go bust if they weren't able to secure emergency funding for October's Bound For Glory pay-per-view, but the owl-branded benefactors swept in to save the day, investing enough money to keep TNA going until the year's end.

Their full takeover was completed in January, and it looked like things were going swimmingly. Their public wranglings with the Hardy Boyz aside, it seemed as though Impact finally had the stability they'd been seeking for years, and it coincided with a noticeable increase in their weekly show's all-round quality.

This was a false dawn. If reports of the company "haemorrhaging funds" are true, then the situation is as dire as ever before, begging the question of how much due diligence was done prior to Anthem's takeover.

GFW's long-term financial problems aren't anything new. Even if Anthem didn't know about them prior to the takeover, a quick their pre-purchase appraisal of the business should've flashed a few warning signs. They purchased the most poorly run promotion in the sport's history, and it's unlikely that they'd be looking to leave the business so soon after entering it if they knew the full extent of the task on their hands.