Despite an active narrative to the contrary, IMPACT Wrestling has been a profitable company.
During a recent edition of his My World podcast, company founder Jeff Jarrett addressed the narrative of IMPACT Wrestling never being profitable during his years with the promotion.
Featured below is an excerpt from the show where he touches on this particular topic.
“When we got the Spike deal, we became profitable that day, we will say that week. The investment that went in, we made it back. When you go from one to two hours, and you don’t double your expenses, so ‘07, ‘08, ‘09; ‘09 was the most profitable year by far. I received those owner checks. Kurt Angle was making great money. There were a lot of guys making really good money.
OK, profit, in 2009, and that’s paying bills, paying investors back, and all kinds of things back, we made 8-10 million. It’s crazy to think back on that. Our investment, and I don’t want to get into hypotheticals and all that, but the Carter’s investment just wasn’t as rich as people seem to think. The Asylum days were about $100,000 a week. That’s what we were spending, so we were making some money.
We didn’t go in that proverbial deep, dark hole that people, I guess, believe. It goes without saying, when we got the Spike deal, we became profitable that day.”
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