Following today’s ruling in Nashville, it seems that Billy Corgan’s role within TNA is effectively over.
TNA announced Corgan’s hiring on April 27, 2015 and was appointed as Senior Producer, Creative and Talent Development. “I’ve known Billy for years and have always been blown away by his musical artistry, as well as his knowledge and understanding of professional wrestling,” said Dixie Carter at the time. “He has always impressed me with his creativity and passion for our business. Billy is truly gifted and understands the emotion tied to the psychology of connecting with an audience. The more we talked, the more I realized his perspective has the potential to make a huge impact on our brand.”
But a year later, things started to get more difficult. In mid June of this year it was reported that Corgan gave his first loan to TNA, one of three loans that in total amount to over 1 million dollars. Two months later, following additional funding from Corgan, Dixie Carter promoted him to TNA President, replacing her while she took the role of Chairman and Chief Strategy Officer.
“Billy is a visionary, an iconic artist and savvy businessman with an incredibly gifted creative mind. He has built a decades-long successful global brand, and also has a deep passion and understanding for professional wrestling,” said Carter upon the appointment.
Corgan’s money is expected to be returned by tomorrow, including interest. Corgan was fighting to get an additional premium fee apart from the money he’s owed but after today it seems that all he’s getting is what he gave to TNA plus a little more in interest.