The future of TNA has been up in the air for what feels like forever but over the past few months there’s been an internal struggle between Dixie Carter and Billy Corgan over ownership of the company itself. Just one week ago the word going around was that a sale is imminent and it could include the tape library going to WWE and Corgan getting full ownership and re-branding the promotion.
He’s certainly been trying his damnedest to make the purchase a reality, as he’s detailed time and time again. But when he last made mention of it, he made clear he wants a long-term solution instead of a temporary fix, which is why he wouldn’t provide financial assistance to fund the Bound for Glory pay-per-view.
Corgan admitted he was hoping for a miracle but it would seem that did not come. Now, PW Insider is reporting Corgan has filed a lawsuit against TNA, its parent company Impact Ventures LLC, Dixie Carter, her husband Serg Salinas, and TNA Chief Financial Officer Dean Broadhead. Details on the exact nature of the lawsuit are not available at this time.
TNA is still making plans for future shows, but it’s unclear what the future holds in 2017 and beyond.
Update: PW Insider reports that Corgan also filed for a temporary restraining order, which was approved, and a hearing for a temporary injunction has been set for Oct. 20, 2016. Further, Corgan has requested a six-person jury to decide the case.