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Anonymous
New Development: Corgan turns the table on Dixie! 2016-10-22 00:29:59 Post No.
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New Development: Corgan turns the table on Dixie! 2016-10-22 00:29:59 Post No.
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> Sources: PWInsider
> Court documents in Billy Corgan's lawsuit against TNA and others were unsealed today. One such document, a temporary restraining order against the defendants (TNA, TNA's parent company Impact Ventures LLC, Dixie Carter, her husband Serg Salinas, and TNA Chief Financial Officer Dean Broadhead), revealed that Corgan claims that Impact Ventures is "insolvent".
> In part, the order provides that Corgan "is likely to prevail on the merits of its claims because Impact Ventures LLC is insolvent, and, as a result, plaintiff is entitled to exercise controlling voting rights in the company."
Also, the order dictates that TNA and Impact Ventures are prohibited from taking any action without Corgan's consent. Essentially, this means that TNA cannot enter into any new business deals without Corgan's approval.
> Additionally, neither side of the litigation may sell TNA or its tape library until ordered by the Court. This development may put TNA in a difficult position; however, it also prevents Corgan from selling his claim to TNA to a third party.
Basically, what this means is TNA can't pay debts off or file for bankruptcy without Corgan's consent. This would give Corgan, due to the money lended and the ownership promised to him originally, power to oust anyone he wants and appoint his own people in the company.
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Original report.
As seen from the highlighted part. it apears Dixie was in secret communication with WWE to sell off whatever they were interested in, while lying to her talents that she would never let it happen. Corgan clearly does not want WWE to be involved.
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BIG
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DICK
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BILLY
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Corgan isn't getting shit except his money back. Fight Network's parent company has stepped in to bankroll TNA and are paying off the debt to Corgan, which basically means he's out. They want Dixie in charge so that they can acquire the tape library when she takes the company under.
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>>1892657
This lawsuit prevents TNA from simply buying out Corgan.
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>>1892657
Billy claims that Dixie owes Billy personally, not the company
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So
Do you guys think that billy will want to keep this thing going or is he just going to sit there,laughing as they flail hopelessly
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>>1892711
he wants to own a wrestling company badly
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>>1892646
I'm trying to hard not to be worked by this but they keep making it harder.
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Ditsy's rebuttal
http://pwinsider.com/article/105518/dixie-carter-responds-to-charge-tna-is-insolvent-and-more.html?p=1
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>>1892662
No it doesn't. This lawsuit is only viable so long as Corgan is owed money. Once TNA offer to pay him in full, it will be dismissed.
>>1892700
Yes, and Anthem have agreed to loan her the money to pay Corgan off, because they're well aware of the fact that she's a complete idiot and want her in place.
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>>1892736
>all these legal experts in /wwe/
You are the same faggots that thought that Miz was retiring because of TV guide.
You are the same faggots that thought Brock randy was a shoot.
You are the same faggots that think Brock vs taker was a shoot.
You are the same faggots that think screw job was a shoot
You are the same faggots that think women's wrestling is good wrestling
You are the same faggots that thought punk was coming back at Chicago
You are the same faggots that though punk could win a fight in the ufc
You are the same faggots that want to profess interstate corporate law
Go on about fourm shopping now
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>>1892874
It's true though, Corgan's lawsuit was based on money he was owed, if someone steps in and pays it his lawsuit is over and he's out of the picture.
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>>1892646
About time.
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Why the fuck do people want TNA to live? It's been a laughing stock for nearly 15 years and there are plenty of indie promotions that are profitable.
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>>1892874
Screwjob was a shoot to Bret
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>>1892646
BASED BIG MUSIC BILLY SAVING THE BUSINESS
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>>1892977
t. children's TV mark
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>>1893481
>alluded to other indie promotions
>S-Stamford Wife
TNAmecca pls
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>>1892874
Fuck off pajeet.
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