-

Billy Corgan claims Dixie Carter misled him about TNA’s financial situation

In new documents filed by Billy Corgan in his lawsuit against TNA Impact Wrestling, its parent company Impact Ventures LLC, TNA Chairman Dixie Carter, TNA Chief Financial Officer Dean Broadhead and Dixie Carter’s husband Serg Salinas, he claims that Carter misled him when it came to the financial situation the company is in.

Corgan said that TNA’s debts are way more than what they have in assets and if he knew the company is that far down in the hole, he would have never made multiple contributions.

“I did not know that Impact Venture’s debts were that high. I never would have agreed to invest additional capital in Impact Ventures had I known the company’s debts were that high,” the document states. Corgan also found out that he’s third in line in the pecking order with payments, with Aroluxe and Anthem Sports & Entertainment coming before him.

Corgan made his final financial contribution to TNA in August of this year and then refused to put in more money, which led to Anthem giving TNA a capital loan to continue operations. The same documents also reveal that TNA was planning to have more Impact tapings on November 1, 2, and 3 at their usual Universal Studios lot however there is no funds and the decision was taken yesterday, October 25, to postpone them.

Despite being TNA President and supposed to be running day-to-day operations, Corgan also said that it’s Jason Brown from Aroluxe who is tasked with that role and he has been excluded from anything that relates to running the company.


Discover more from Wrestling-Online.com

Subscribe to get the latest posts sent to your email.

Colin Vassallo
Colin Vassallohttps://www.wrestling-online.com
Colin Vassallo has been editor of Wrestling-Online since 1996. He is born and raised in Malta, follows professional wrestling and MMA, loves to travel, and is a big Apple fan!

Stories you might also likeRELATED
Recommended to you

LATEST NEWS

WWE to hold six Raw and Smackdown shows internationally in March 2025

The road to WrestleMania will have an international flavor as WWE will tape six television broadcasts as part of...

Anna Jay becomes first female to headline all AEW weekly TV shows

Anna Jay became the first female to headline all three AEW television shows Dynamite, Collision, and Rampage along with...

Smackdown brand starts four-day tour in England and Ireland today

WWE kicks off a four-day tour in England and Ireland today following their successful trip to Saudi Arabia. The Smackdown...

Discover more from Wrestling-Online.com

Subscribe now to keep reading and get access to the full archive.

Continue reading