Billy Corgan lawsuit against TNA hearing postponed, company comes forward about funding for TNA

Billy Corgan lawsuit against TNA hearing postponed

The originally scheduled hearing regarding Billy Corgan’s lawsuit against TNA Entertainment, Dixie Carter (Salinas), Serg Salinas, Impact Ventures and Dean Broadhead has been postponed according to a new report by Prowrestling.net.

A new hearing has been scheduled for next Wednesday (October 26) according to the Nashville Chancery Court records.

Company comes forward about funding for TNA

Anthem Sports & Entertainment, the parent company of Fight Network, issued the following press release confirming that the company was behind the funding for the recent Bound For Glory PPV and the Impact Wrestling tapings to follow.

Anthem Statement on Investment in TNA Impact Wrestling

Toronto – Anthem Sports & Entertainment Corp. (“Anthem”), the parent company of Fight Network, today confirmed that it recently made a working capital loan to fund the operations of TNA Impact Wrestling. Fight Network is a licensee of TNA programming for broadcast in the U.S., Canada and other international markets, and is also the exclusive licensee of TNA for streaming Internet-delivered TV.

Fight Network has also offered to provide TNA Impact Wrestling with funding to repay the loans made by Mr. Billy Corgan and is positioned to provide additional transitional assistance to the company.

“TNA is a strong property for Fight Network and as a licensee and global distribution partner we have a keen interest in seeing the company not only survive but continue to grow and thrive, alongside our own growth,” said Leonard Asper, CEO of Anthem. “We are hopeful that the company can soon get back to doing what it does best, which is to produce great wrestling content.”