Breaking News: TNA Names Billy Corgan New President, Dixie Carter Becomes Chairman

TNA has issued the following press release, indicating that there is a change of leadership at the top of the  company:

IMPACT VENTURES NAMES BILLY CORGAN AS ITS NEW PRESIDENT,
CURRENT PRESIDENT DIXIE CARTER BECOMES CHAIRMAN

IMPACT Ventures [IMPACT], the parent company of TNA Wrestling and IMPACT WRESTLING, today announced the appointment of Billy Corgan as its new President. Current President Dixie Carter becomes Chairman and Chief Strategy Officer of IMPACT.

As President, Billy Corgan will be responsible for leading day-to-day operations for IMPACT and its affiliated brands. As Chairman, Carter will focus on long-term planning, strategic partnerships and global growth.

“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. “In working with Billy over the last 16 months, he has impressed me to the point that I’ve been in discussions with him to take an elevated strategic leadership role within the company. The more we discussed our vision for the organization, the clearer it became that position needed to match his commitment.

“We are entering an exciting new era for IMPACT and will be working to continue to define our brand, develop global strategies for success, and structure for future investment and growth,” added Carter. “These moves, effective immediately, signify the team’s determination to work together to effectively cover more ground and capitalize on TNA’s current momentum that has seen ratings rise in recent months.”

Corgan, 49, is an American musician, songwriter, producer, TV writer and poet, best known as the lead singer, guitarist, and sole permanent member of The Smashing Pumpkins, who have sold more than 30 million albums worldwide and won multiple Grammy Awards. Corgan joined IMPACT in May 2015 as a senior producer.

“I believe in this company, its passionate fans, the talented roster and the dedicated staff and crew,” said Corgan. “I am committed to this great opportunity and will use all of my resources and connections to drive the success of this company. This year we have made significant strides in establishing a strong foundation for our future and will be aggressive in continuing to evolve and grow the IMPACT brands.”

IMPACT’s flagship broadcast IMPACT WRESTLING airs Thursdays at 8/7c on Pop, and in more than 120 countries around the world.

TNA has come under a lot of fire over the past few years, due to the mishandling of finances, and talent not being paid on time. This is despite the fact that Carter has recently said that much of the public information about the state of TNA is false.

Editor’s Note:

I don’t know what kind of effect this will have on the company, but it was clear that a change needed to be made. It is also unclear at this point what specific roles both Corgan and Carter will now play, but hopefully this will lead to a jumpstart for the promotion. I just hope that things can turn around, because TNA may have dug itself into a hole that cannot get out of.

Follow @Dericho06