Tate
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Post by Tate on Jun 15, 2016 3:31:10 GMT
Rumors have been flying for days concerning the possible sale of GroundZero Wrestling 2K1, and a new development has occurred, which has put the owner of local independent wrestling company, Pure Amusement Wrestling, in play.
According to Madison Sinclair on Real Wrestling Radio, P.A.W. has been rumored to show interest in acquiring GZW2K1, but there are a lot of things in involved. The main attraction as it pertains to GZW2K1 for Munin (besides the fact her in-ring career is heavily connected) is that GZW2K1 have a large tape library and have international television deals already in place.
A big hang up on the sale continues to be that Logan Corzair, CEO of Ground Zero Enterprises, the parent company of GZW2K1, is still hoping to retain majority ownership in the company. There have also been negotiations with an as yet named buyer, but no sale has been completed as of yet.
Taken from GZW2K1Fanz.com
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Tate
PAW Cub
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Post by Tate on Jun 17, 2016 2:25:42 GMT
According to Nicole Myers of TinyChicksLoveWrestling.com, Pure Amusement Wrestling is not interested in buying GroundZero Wrestling 2K1, but a relatively new investment group linked to them, Iconic Strategic Investments, is negotiating with Logan Corzair to invest in wrestling promotion.
Several of GZW2K1's international broadcast partners, including Sony Six in India, Challenge TV in the U.K. and Canada's The Fight Network, were all offered the opportunity of purchasing a 10% stake in GZW2K1, which would have allowed Logan Corzair to keep a majority share in the company, whilst guaranteeing the future of GZW2K1 programming on these stations. Unsurprisingly, they all turned Corzair down.
Clancy McClean, who had shown interest in buying GZW2K1 in late 2013, apparently now has no interest in getting back into the wrestling business, whilst Sir Chris Cairns on Twitter scoffed at the idea he would want to save the company.
Myers plausibly claims that Lady Munin is NOT in talks to buy a stake in GZW2K1. Clearly, however, Joshua Samson would be the conduit to negotiations between I.S.I and GZW2K1 being initiated. Samson is a party that has an invested interest in seeing the wrestling company stay in business as GZW2K1 is one of his main clients as a color commentator and executive representative for several of it's wrestlers.
Take from GZW2K1Fanz.com
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Tate
PAW Cub
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Posts: 7
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Post by Tate on Jun 18, 2016 2:29:18 GMT
The professional wrestling landscape has changed. Iconic Strategic Investments announced June 17 that it had reached an agreement to purchase GroundZero Wrestling 2K1 from Ground Zero Enterprises. Under the agreement, I.S.I. would take control of GZW2K1 with former GZW2K1 color commentator Joshua Samson in charge of the federation. GZG agreed to keep a minority interest in GZW2K1 along with programming rights. I.S.I. co-founder Brian Tredol became the chief executive officer of the new GZW2K1 Inc.
"We’re going to re-establish GZW2K1 as the champion of professional wrestling entertainment," Tredol said. "There is huge untapped potential for the franchise, and with Joshua Samson on board, we will crank everything up to make the GZW2K1 franchise bigger, better, stronger and more entertaining."
Samson, Tredol and Cedric Southern, Ground Zero Global President of General Entertainment Networks, would not disclose the price of the sale but Wit Soundview media analyst Jordan Rohan told Variety that GZW2K1’s value was between $10 million and $15 million.
Samson said he is focused on turning GZW2K1’s fortunes around.
"Wrestling fans can rest assured that we will give GZW2K1 the adrenaline shot it needs to once again become the most exciting brand of wrestling in the world," he said.
Tredol said GZW2K1 fans would not notice immediate changes, noting that "some changes will be evolutionary, some changes will be revolutionary." He also hinted at a relaunch of GZW2K1 programming and storylines, probably after the deal is finalized in July or August.
Taken from GZW2K1Fanz.com
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