Global Force Wrestling Reportedly In Trouble, Parent Company Ready To Sell

Global Force Wrestling is in a state of jeopardy, and things seem to be getting worse.

After Jeff Jarrett took an indefinite leave of absence as Chief Creative Officer to focus on personal matters, Sports Illustrated‘s Justin Barrasso reports today that GFW’s parent company, Anthem Sports and Entertainment, is ready to withdraw itself from the wrestling industry and sell GWF.

Barrasso states that GFW is “hemorrhaging funds” and Anthem needed to “gut the Fight Network” just to finance GFW. It was reported earlier this year that Anthem acquired the company after GFW’s merger with TNA Impact Wrestling. Barrasso reports that since Jarrett technically owns the name of Global Force Wrestling, Anthem would technically be selling Impact Wrestling.

PWInsider.com also reports that “multiple meetings” were held Tuesday afternoon to discuss the future of GFW. Members of the roster were called to reassure them of the company’s stability in the wake of the Jarrett announcement. But with these latest reports, it seems that Anthem is looking for suitors to get rid of GFW. Barrasso reports that among the potential suitors are WWE, Ring of Honor and former TNA investor Billy Corgan.