As many TNA fans know, Billy Corgan was battling with Dixie Carter and TNA for control of the company. It appears as if we finally have a resolution to the conflict that has been going on for the past few weeks. Billy Corgan is officially OUT of TNA.
Anthem Sports & Entertainment released a statement on Thursday:
“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” (Source: Fight Network).
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Sad news for fans of TNA and Corgan. He was a large breath of fresh air to the company and it looks like it was all for nothing.
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