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  NoDQ.com > Indy > Corgan no longer with TNA; Corgan responds
Posted by Aaron Rift on 11/03/2016 at 02:16 PM

The following press release was issued today:

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 of 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. Nordholm representing the Board on all major operating and restructuring decisions. Dixie Carter will continue as Chair of the Company, as well as her position on the Board of Managers. Billy Corgan is no longer with the company.

“We have had a successful, long-term partnership with Fight Network as our Canadian broadcaster, and more recently as our global digital partner,” said Dixie Carter. “Anthem’s team has extensive media experience, and I am excited to have that available to us as we plan for the future.”

Billy Corgan responded on Twitter with the following:

“FACT: TNA was supposed to pay me to 2 days ago, which they swore to in front of a judge,” Corgan wrote. “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 filings with court and converting to 36 pct. equity.”







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