Billy Corgan talks TNA crisis and Bound For Glory problems

Billy Corgan
 

During an appearance on the Busted Open radio show today on SiriusXM, TNA President Billy Corgan said that while he has the money to make sure Bound For Glory takes place, he doesn’t want to do it if in a few months down the line they will be in the same situation.

From the way he was speaking, while not outright saying it, he was suggesting that he would not be fronting any money unless he takes over TNA completely. This is certainly not good news for the company as it gives Dixie Carter a few days only to try and find a source of cash to go on with Bound For Glory. Corgan said that he was the one who funded the last three rounds of television tapings and it all went down to the wire.

Corgan said that he spoke with most of the TNA talent as well as with POP TV President Bradley Schwartz to outline his vision of what he wants for TNA. His plan all boils down to Dixie Carter selling and buying out Aeroluxe’s share. Aeroluxe does all the production for TNA and since they didn’t get paid, they got a minority stake in the company.

The Smashing Pumpkins frontman also said that he will be in Orlando this Sunday, probably trying to save TNA till the very last second possible.