TNA’s situation has become so ridiculous that I’m now convinced it’s a Broken Matt Hardy storyline. The latest person to be deleted? Only the President of the company.
But first, the context: Billy Corgan loaned TNA money multiple times to save them from extinction. He was convinced by Dixie Carter to loan them more money in exchange for becoming President of the company. But, in reality, he was President only in name, and Carter and TNA management continued to run the promotion behind his back, even lying to Corgan about trying to sell to WWE – which they’re no longer doing. Because, as the UK broadcaster of TNA showed on Tuesday by dropping Impact Wrestling, anyone with any sense is getting the hell away from TNA.
Well, everyone apart from Anthem Entertainment.
The equity stakeholders in TNA revealed in a press release that “Anthem has provided a credit facility to TNA to fund operations” and that “Dixie Carter will continue as Chair of the Company, as well as her position on the Board of Managers. Billy Corgan is no longer with the company.”
It’s official: the lunatics have regained control of the Asylum.
The ‘Asylum’ is where TNA used taped their shows. It’s a good joke.
This comes after Corgan’s lawsuit against TNA where he tried to acquire all of Dixie’s shares in the company. It didn’t work out.
TNA still owe Corgan $2.7 million by his count, though, which they were due to pay back on the 1st November. It’s now the 4th, and this is what Billy tweeted about Anthem’s announcement:
FACT: 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’
FACT: I have still not been paid, and I’m exploring all remedies including new filings with court and converting to 36 pct. equity
FACT: Curt Hawkins can slam a revolving door.
DAMMIT CURT HAWKINS. Get out of my Billy Corgan tweets.
The Fight Network, which is owned by Anthem Entertainment, have rejected these claims on Twitter, but it’s hard not to be on Team Billy when TNA’s side of the story keeps contradicting itself.
TNA’s backstage issues are inevitably going to affect the talent, and it just so happens that two have announced their plans to retire from wrestling all together this week.
First was Maria Kanellis, who tweeted:
News, any news doesn’t ever tell the whole story. It will be an interesting next couple months.What I know is I am leaving wrestling soon.
She went onto say that she plans to complete her bachelor’s degree and then go onto do her masters.
And then Davey Richards also tweeted his retirement plans:
2017 is the last year. Been incredible and wouldn’t change a thing. Get at me for one last time.
Although Richards has teased his retirement several times in the past.
But the real tweet of the week goes to Joey Styles, in response to TNA’s tweet, ‘Which Title Match are you looking forward to most tonight on #IMPACTonPOP?
Joey Styles: TNA Ownership On A Pole Match
OH MY GAWD!
How would you book Billy Corgan starting up his own wrestling promotion? Tell us in the comments below.