How Close Impact Wrestling Really Was To Shutting Down

Impact Wrestling has been able to keep their doors open despite years of tribulations. They came close to shutting down on a few occasions, but it was a very real possibility in 2016.

Matt Hardy recently said that he saved Impact Wrestling from going bankrupt in 2016. This is much closer to the truth than fiction.

During Wrestling Observer Radio, Dave Meltzer brought up Impact Wrestling’s woes. He explained the situation in 2016 where Matt Hardy bragged about saving the company. Although Matt Hardy didn’t put any of his own money into the company, he did finance his Broken Universe which became Impact Wrestling’s hottest act.

“Matt Hardy was bragging about how in 2016 he saved IMPACT from going out of business because he was the only thing relevant on their TV. And there is something to that, you know, there’s a lot of things that saved it. They were very, very close to going out of business. They almost did.”

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“They had to get late money for several tapings. And the feeling was if they missed a taping, back then, that would breach the contract with India; and the India contract was really the only thing keeping them alive. It was different people. Billy Corgan put money in as a last minute, once or twice. Finally Anthem bought them, so ever since Anthem bought them, they’ve been okay financially I guess.”

“They are surviving and they are there, but they were very close to going out of business a couple of times. Matt Hardy was the big thing with the ‘Broken’ Matt Hardy character. That was about the only big thing anyone talked about on IMPACT at one point.”

Matt Hardy returned to Impact Wrestling alongside Private Party this time. The two also became #1 contenders for the Impact Wrestling Tag Team Titles. We’ll have to see what’s next for everyone involved, but it appears that Matt Hardy isn’t done helping out Impact Wrestling.

(Thanks to WrestleTalk for the above quotes)