WWE placing bids to buy out TNA?

TRIPLE M

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russo on his chicken necks podcast today said wwe bought the library and billy corgan is the majority owner and is going to rebrand tna and reeboot the company
 

Roman Brady

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That's what all the utube nerds reported yesterday, glad they are finally doing away with that trashy name, wonder what corgan calls it though? Grunge world wrestling :dame:
 
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Man I'm starting to think Dixie really started all the rumors to get people interested in TNA for a little while. Who would say "there are rumors of WWE wanting TNA's tape library but I would never sell to them...but they definitely want it"? Her dad or Corgan put up the money for the ppv and tapings and she's just trying to do a Paul E "us vs them" psychology on the wrestlers
I really don't think Welfare Check Dixie is that bright to do something like that
 

mr heyzel

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Billy Corgan Files Lawsuit Against TNA & Dixie Carter
October 13, 2016 | Posted by Larry Csonka
Billy-Corgan-Dixie-Carter-TNA-645x370.jpg

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According to Pwinsider.com, TNA President Billy Cogan filed a lawsuit against TNA Impact Wrestling, it’s parent company Impact Ventures LLC, TNA Chairman Dixie Carter, TNA Chief Financial Officer Dean Broadhead and Carter’s husband Serg Salias. The case was filed on October 12th in the Chancery Court of Nashville, TN. Requests for comment from Corgan’s attorney and TNA’s Public Relations were not returned, and there are no official details regarding the lawsuit as of this writing. We can speculate that it is over Corgan’s bid to purchase the compay.

Corgan began investing in TNA Wrestling over the summer, and was the person that financed the Slammiversary PPV as well as the following TV tapings. He then invested further and that led to him acquiring a larger share in the company. In August, he was named President of the company and it was announced that he would be handling the day-to-day operations.

Corgan had wanted to buy TNA, but noted that he wouldn’t by the company unless he could secure its future. He had not been able to close a deal, as things reportedly became “complicated.” The site also adds that TNA personalities noted over the course of the PPV and October TV tapings that there was obvious tension between Corgan and Carter.

Buckle up kids.
 
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