Earlier this week the ruling came in the Billy Corgan vs. TNA case, and the judge did not rule in favor of Billy Corgan. TNA was ordered to pay back the $1.8 million that he loaned the company, and they were ordered to pay the money back on November 1. Earlier today Anthem Sports & Entertainment issued a statement saying that Billy Corgan is no longer with the company.
Related: TNA Confirms Billy Corgan Is No Longer With The Company, TNA And Anthem Announce New Relationship
Now Billy Corgan has issued a statement of his own via Twitter, and according to Corgan, he has not been paid yet. He also says that TNA lied to him once again, and he’s exploring the possibility of turning his debt into equity.
Billy Corgan posted the following:
FACT: TNA was supposed to pay me to 2 days ago, which they swore to in front of a judge. Yesterday they asked for a day to 'get $ together'
— WPC (@Billy) November 3, 2016
Upon which, (yesterday or today) they'd 'reach out directly' to settle ALL claims. So they lied again and have used the time as a weapon
— WPC (@Billy) November 3, 2016
FACT: I have still not been paid, and I'm exploring all remedies including new filings with court and converting to 36 pct. equity
— WPC (@Billy) November 3, 2016