-

TNA has not paid off Corgan yet, now wants to convert loan in 36% stake

Billy Corgan’s ugly fight with TNA continues despite Anthem Sports & Entertainment announcing his departure.

Writing on Twitter, Corgan said that he has still not been paid by TNA, two days after their loan agreement expired. “TNA was supposed to pay me to 2 days ago, which they swore to in front of a judge. Yesterday they asked for a day to ‘get $ together’ Upon which, (yesterday or today) they’d ‘reach out directly’ to settle ALL claims. So they lied again and have used the time as a weapon,” Corgan wrote.

Corgan added that since he has not been paid, he’s exploring all remedies including new filings in court to convert his loans into a 36% equity in the company. Corgan had the option to get a 36% stake in the company before November 1 but since he has not been paid and the agreement has expired, he now doesn’t want the money and wants a minority ownership, obviously creating big problems for Anthem Sports & Entertainment as well as Dixie Carter.


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

Mike Tyson to appear at WWE World on WrestleMania Sunday

WWE today announced that Hall of Famer Mike Tyson will be appearing at WWE World on Sunday, April 20. Tickets...

The Rock holds 25-minute press conference after Smackdown

Dwayne Johnson spent around 25 minutes talking to the press after Smackdown ended, fielding questions from local media about...

Carmella no longer under WWE contract

Fightful is reporting that Carmella is no longer under a WWE deal as her contract recently expired without renewal. Carmella...

Discover more from Wrestling-Online.com

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

Continue reading