In new documents filed by Billy Corgan in his lawsuit against TNA Impact Wrestling, its parent company Impact Ventures LLC, TNA Chairman Dixie Carter, TNA Chief Financial Officer Dean Broadhead and Dixie Carter’s husband Serg Salinas, he claims that Carter misled him when it came to the financial situation the company is in.
Corgan said that TNA’s debts are way more than what they have in assets and if he knew the company is that far down in the hole, he would have never made multiple contributions.
“I did not know that Impact Venture’s debts were that high. I never would have agreed to invest additional capital in Impact Ventures had I known the company’s debts were that high,” the document states. Corgan also found out that he’s third in line in the pecking order with payments, with Aroluxe and Anthem Sports & Entertainment coming before him.
Corgan made his final financial contribution to TNA in August of this year and then refused to put in more money, which led to Anthem giving TNA a capital loan to continue operations. The same documents also reveal that TNA was planning to have more Impact tapings on November 1, 2, and 3 at their usual Universal Studios lot however there is no funds and the decision was taken yesterday, October 25, to postpone them.
Despite being TNA President and supposed to be running day-to-day operations, Corgan also said that it’s Jason Brown from Aroluxe who is tasked with that role and he has been excluded from anything that relates to running the company.