How Much Is Impact Wrestling Worth?
Impact Wrestling, formerly known as Total Nonstop Action Wrestling (TNA), is a professional wrestling promotion based in Toronto, Ontario, Canada. Founded in 2002 by Jeff Jarrett and his father, Jerry Jarrett, the company has been a major player in the professional wrestling industry for nearly two decades. But have you ever wondered how much Impact Wrestling is worth?
Early Years and Financial Struggles
In its early years, Impact Wrestling struggled to gain traction and faced significant financial challenges. The company was heavily reliant on investors and struggled to turn a profit. In 2014, the company's financial struggles came to a head when it was reported that Impact Wrestling was on the verge of bankruptcy.
Turnaround and Rebranding
In 2017, Impact Wrestling underwent a major rebranding effort, changing its name from TNA to Impact Wrestling. The company also brought in new management, including Jeff Jarrett's departure and the appointment of Ed Nordholm as the new president.
Current Financial Situation
In recent years, Impact Wrestling has shown significant improvement in its financial performance. In 2020, the company reported a revenue of approximately $30 million, up from around $20 million in 2018. The company has also been able to reduce its debt, which was once as high as $10 million, to a more manageable level.
Estimated Net Worth
Estimating the exact net worth of Impact Wrestling is difficult, as the company is privately held and does not publicly disclose its financial information. However, based on reports and industry sources, here are some estimates:
- Revenue: $30 million - $40 million per year
- Net Income: $5 million - $10 million per year
- Estimated Net Worth: $50 million - $100 million
Comparison to Other Promotions
Impact Wrestling's estimated net worth is significantly lower than that of its main competitor, WWE. WWE's estimated net worth is around $5 billion, with annual revenues exceeding $1 billion.
Conclusion
Impact Wrestling has come a long way since its early days, and its financial performance has shown significant improvement in recent years. While its net worth is still a fraction of WWE's, the company is well-positioned to continue growing and expanding its reach in the professional wrestling industry.