WWE to buy TNA Wrestling with Billy Corgan out of the picture? – Metro US

WWE to buy TNA Wrestling with Billy Corgan out of the picture?

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Another day, and more drama as it relates to TNA Wrestling, Billy Corgan and WWE.

Corgan tweeted out Thursday, “FACT: TNA was supposed to pay me 2 days ago, which they swore to in front of a judge. Yesterday they asked for a day to ‘get $ together.’ Upon which (yesterday or today), they’d ‘reach out directly’ to settle all claims. So they lied again and have used the time as a weapon. FACT: I have still not been paid, and I’m exploring all remedies including new filing with court and coverting to 36 pct. equity.”

Earlier in the day, TNA re-tweeted a press release that read: “Anthem Sports & Entertainment Corp. and Impact Ventures, parent company of TNA Impact Wrestling, today announced that Anthem has provided a credit facility to TNA to fund operations. Anthem Sports & Entertainment Corp. is a global sports media company that operates Fight Network, Impact Wrestling’s exclusive broadcaster in Canada, as well as the exclusive worldwide digital streaming partner for all TNA programming. It is also an equity stakeholder in Impact Ventures.

The agreement includes the appointment of Anthem Executive Vice President Ed Nordholm to the Impact Ventures board of Managers. The company will be managed by the Board with Mr. Nordhold representing the Board on all major operating and restructuring decisions. Dixie Carter will continue as the Chair of the Company, as well as her position on the Board of Managers. Billy Corgan is no longer with the company.”

This news comes a month after pro wrestling journalist Justin LaBartweeted, “Just got a text saying #WWE to buy TNA video library & Billy Corgan is going to be new majority owner of TNA that he’ll likely rebrand. Wow!”

With Corgan out of the picture entirely, it should make it easier for TNA (or Anthem) to sell its library to WWE. Nonetheless, many court dates remain between Corgan, Carter and now Anthem.

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