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More TNA Lawsuit News: Billy Corgan demanded Dixie Carter to be removed from office

1.10K   //    25 Oct 2016, 02:16 IST
CHICAGO, IL - MAY 26:  Singer Billy Corgan watches the Chicago Bulls play against the Miami Heat in Game Five of the Eastern Conference Finals during the 2011 NBA Playoffs on May 26, 2011 at the United Center in Chicago, Illinois. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement.  (Photo by Jonathan Daniel/Getty Images)
TNA President Billy Corgan is putting the company under immense legal pressure

Over the past week, the buzz hovering around TNA has not been positive, which is an unfortunate trend concerning the company as of late. With a slew of lawsuits unveiling over the past few weeks, many wondered whether it was a lost cause of even maintaining the brand.

However, somehow the executives believe that TNA is still viable, as they have denied allegations that the company is insolvable. In other words, TNA still believes that its debt does not surpass its assets. This feeling is despite millions of dollars of public lawsuits exposed and many who were former employees admitting that they are behind in pay.

Ken Anderson admits that TNA owed him money

In a recent interview with the Pancakes and Powerslams Show, former TNA World Heavyweight Champion Ken Anderson stated that, for one talent, the company is behind a significant amount of money. 

“Man. I don’t know anyone who is owed a lot of money from TNA. Like, mid-five figures. There’s this guy that yells and screams his name a lot. I can’t [figure out] who that guy may be.” He added, “there was a time when I did not get paid for three months.”

And, again, that is just for one person.

With the seemingly-insurmountable debt TNA is inundated with, President Billy Corgan is realizing that this was a terrible business decision. Insomuch, that he also pitched his hat in suing the company.

Feeling that he was left in the dark regarding business decisions, especially further negotiations with WWE regarding the tape library, Corgan made a specific request within the lawsuit.

Corgan wants Carter out of office

In section two on page one of the case document, seen above, it states that he requested to “depose Mrs. Carter and a corporate representative of Impact Ventures.” In other words, Corgan wanted Carter out of office. Fortunately, for Carter, the request was denied. 

One could certainly understand the frustration that Corgan is feeling as a result of this corporate implosion. While many felt that TNA was already a sinking ship and was going to dissolve at any moment, Corgan had enough faith to invest in the company, feeling as if he had the tools to turn its reputation around.

Corgan showed this by having the Impact Wrestling weekly show adopt a more theatric tone, which was displayed by the Matt and Jeff Hardy feud, which led to the uber-popular “Final Deletion” match. This also led to the TNA Tag Team Championship feud between the Hardys and Decay (another Corgan creation).

Sadly, these character alterations, which took each person to a positive direction, may be for naught if this lawsuit forces Carter and Corgan to permanently split. 

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Featured Columnist at Sportskeeda|Founder, Pancakes and Powerslams Show|News Writer at The Inquisitr|WWE Contributer at FOX Sports|Sports Columnist at Sports Illustrated
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