WARNING: We have detected your browser is out of date. For both performance, security and a better web experience you should keep up to date to avoid viruses, malware, hijacking and stay on top of compatibility features.
RSS Feed


WNS Home

Home ⚡ DISCORD ⚡ Podcast ⚡ X


Judge Denies Billy Corgan's Request For A Temporary Injunction

Posted By: Dustin Frisch on Oct 31, 2016

Judge Denies Billy Corgan's Request For A Temporary Injunction

Nate Rau, a reporter for The Tennessean had tweeted out that judge Hobbs Lyle has ruled against Billy Corgan's request for a temporary injunction. This is considered a serious win for Dixie Carter as Corgan will not be gaining control of the company. Dixie Carter and TNA will now be able to make business decisions without his approval from this point forward. 

However, TNA will still have to replay Corgan's $1.8 million dollar loan or Corgan can convert the debt into a 36% ownership stake in the company.

David Bixenspan is reporting that the current thing is that TNA will be sold to Anthem Sports and Entertainment, the parent company of The Fight Network. Aroluxe Media, which is a minority shareholder, will possibly still be able to be involved in producing future television shows.  Jason Brown could end up as Chief Executive Officer. with this potential sale, Dixie Carter would still be able to retain a title in the company as well.


Source: Nate Rau
Tags: #tna #billy corgan #dixie carter

⚡ Explore WNS

Jump To Comments

Popular Tags

Popular Articles

Share Article

Follow WNS


 Follow us on X @WNSource 

 Follow us on Instagram & THREADS

 LIKE us on Facebook 


⚡ News tip? Email ben@wrestlingnewssource.com 


Adding comments is disabled due to age of article.

© 2006-2024 wrestlingnewssource.com

All rights reserved. All other trademarks, logos, video, likeness and copyrights are the property of their respective owners.
Terms of Service · Privacy Policy · Π