Republished from Rollingstone
According to filings released to the public this week, TNA President and Smashing Pumpkins frontman Billy Corgan's lawsuit against the company has revealed that TNA wrestling is unable to pay back debts and is apparently in talks to be sold to WWE. Corgan filed an injunction arguing that he should be granted full control of TNA, saying that he made a loan agreement to TNA chairwoman Dixie Carter, who in turn pledged 100 percent of her equity interest in the company.
According to filings released to the public this week, TNA President and Smashing Pumpkins frontman Billy Corgan's lawsuit against the company has revealed that TNA wrestling is unable to pay back debts and is apparently in talks to be sold to WWE. Corgan filed an injunction arguing that he should be granted full control of TNA, saying that he made a loan agreement to TNA chairwoman Dixie Carter, who in turn pledged 100 percent of her equity interest in the company.
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