Anthem Wrestling Received PPP Loan From The Government
Anthem, the parent company for IMPACT, was able to save jobs during the COVID-19 pandemic thanks to a Paycheck Protection Program (PPP) loan from the government.
According to a Department of Treasury Filing, Anthem Wrestling Exhibitions, LLC. was one of the many sports organizations that received a PPP loan from the government. Theirs was in the amount of $150,000- to $350,000. The loan was requested the same day as WWE WrestleMania 36 (April 5). According to the filing, 106 jobs were retained as a result.
IMPACT Wrestling had to cancel its There’s No Place Like Home event in Florida, which was scheduled for WrestleMania week. The promotion has continued to run empty arena events in Nashville during the pandemic and will present Slammiversary on pay-per-view on July 18.
IMPACT Wrestling hasn’t made any reported cuts or talent releases that were related to the pandemic.
Floyd Mayweather Promotions, MLS teams, NASCAR, and more also received PPP loans.
