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Author Topic: Billy Corgan makes case to take over TNA  (Read 398 times)

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jbcarol

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jbcarol

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Re: Billy Corgan makes case to take over TNA
« Reply #1 on: November 01, 2016, 08:08:53 am »

https://twitter.com/sbarchenger/status/793289035812855808

Quote
Nashville judge on Monday rejected rock star Billy Corgan's request to gain the voting rights necessary to take over Nashville-based wrestling promotion TNA.

Chancellor Ellen Hobbs Lyle ruled that a loan agreement between Corgan and TNA chairwoman, Dixie Carter, was nonbinding under Tennessee law and therefore he is not entitled to evoke a clause that would have given him control of TNA. Hobbs Lyle also ruled that it is ambiguous if TNA is insolvent, as Corgan argued.

Corgan is best known as the front man of the Smashing Pumpkins, but heís also an avid professional wrestling fan who has been involved with different promotions in recent years. In 2015, he was hired to the creative team at TNA and became president in recent months.

According to his lawsuit, Corgan gave three loans to TNA this year, the last of which came with strings attached that would allow him to wrestle away Carterís voting rights...
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husker71

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Re: Billy Corgan makes case to take over TNA
« Reply #2 on: November 10, 2016, 04:34:42 pm »

I cannot link it but on youtube  Jim Cornette talks about TNA and Dixie Carter and how Corgan got screwed on the whole deal.
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