As noted earlier, things are not good between Billy Corgan and Dixie Carter. Things fell apart between the two sides and there is tons of heat on Carter over the way she’s handled the TNA sale talks. According to public records, Corgan filed a lawsuit in Chancery Court in Nashville, TN and Dean Broadhead, Impact Ventures, LLC, Dixie Carter Salinas, Serg Salinas and TNA Entertainment, LLC are listed as defendants.
As of this writing, most of the details of the lawsuit are sealed and a temporary restraining order was approved and Corgan filed a bond to support it on Thursday. According to the filing, there’s a “Temporary Restraining Order and setting Plainitff’s Application for Temporary Injunction for Thursday, October 20, 2016.” Also, Corgan has requested that a six-person jury should decide the case. Filings for the lawsuit have been sealed until further notice.
Corgan was not present at the talent meeting that took place at the Impact Wrestling tapings last week and he did not appear in segments with Dixie Carter at those tapings. Things are very messy with Carter (majority owner), Aroluxe Marketing, Corgan, and The Fight Network all owning shares of the company. The last set of tapings were funded at the last minute and it’s not known who put in the money. They are caught up on tapings for the rest of the year and they won’t need funding until January but the question will always be how will they generate revenue to make the company profitable. There is also the issue of people that are owed money.
If we hear more about the lawsuit then we’ll pass the information along.