|TNA Chairman Dixie Carter vs TNA President Billy Corgan|
When I’ve read it I first thought of the wrestling gimmick we see on-screen. But it seem that the on-screen struggle between TNA Chairman Dixie Carter and TNA President Billy Corgan is all too real!!
|Billy Corgan vs Dixie Carter
Judge decision: Monday, October 31, 2016
In fact, Billy Corgan, yes the Billy Corgan from the Smashing Pumpkins, filed a lawsuit claiming that “Impact Ventures is insolvent… Its liabilities exceed the value of its assets, and Impact Ventures is unable to pay its debts as they come due in the ordinary course of business.”
In new court documents, Dixie Carter responded to the lawsuit stating that Billy Corgan was furthening his own interest as TNA President instead of helping the company.
The control and ownership of TNA Impact Wrestling is at stake. And the winner/owner will be determined by the settlement of the Corgan’s lawsuit. The judgment will take place this Monday, October 31, 2016.
Two possible scenarios.
- Dixie Carter wins the court case and can sell the struggling company to whoever she wants.
- Billy Corgan wins, gains control and rebrands the company as he please. While Dixie Carter is still responsible for all the company’s debts. A win-win situation for Corgan.
Dixie Carter is likely to win the lawsuit.
|Vince McMahon owns TNA Wrestling…|
Nonetheless, WWE Vince McMahon wants to buy TNA Wrestling eyeing its video library. The only problem is that Vince McMahon wants it for pocket change.