Billy Corgan Has Been Dismissed From TNA Wrestling Due to New Partnership

Billy Corgan’s time in TNA has come to a “smashing” halt.

Anthem Sports and Entertainment has issued the following press release, indicating that they have partnered with TNA:

Toronto, Canada (November 3, 2016) – 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 company also announced who would be in charge of TNA:

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.

It had been previously reported that a Tennessee judge had ruled against Corgan in his attempt to become one of the primary owners of the company.

The frontman for the “Smashing Pumpkins” took to Twitter to voice his opinions on the new partnership, as well as give an update on where he stands with TNA:

httpss://twitter.com/Billy/status/794232124522004482

httpss://twitter.com/Billy/status/794232633207226368

httpss://twitter.com/Billy/status/794233412034891776

Editor’s Note:

It must be the wrestling gods’ wish that TNA will always exist, because they somehow always find a way to come up with the money that they need to continue to operate. In addition, they make stupid decisions like releasing a man who had a personal interest in seeing TNA grow from the company. We’ll see how this all plays out in the next few weeks, but I keep seeing the nails being driven into the coffin based on the new stories that are released every few days.

What do you think of the news that Corgan has been dismissed from TNA? Let us know in the comments below or comment on our Facebook page!

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