More Details On Billy Corgan’s Lawsuit Against TNA, Fight Company Parent Network Issues Statement

PWInsider is reporting that the hearing for the lawsuit TNA President Billy Corgan has filed against TNA Impact Wrestling, its parent company Impact Ventures LLC, TNA Chairman Dixie Carter, TNA Chief Financial Officer Dean Broadhead and Serg Salias has been moved to Wednesday, October 26. It appears that the hearing may have been pushed back to give the defendants more time to prepare their answers for the allegations that Corgan has brought forth.

TNA and the other defendants involved have until 10am, Monday, October 24, to file any “opposition to issuance of a temporary injunction” and Corgan has until 3pm on October 25 to respond.

The temporary restraining order will also stand until the new hearing date. It was noted that there are seven “exhibits” that were filed with the court on October 12, to support the claims of the lawsuit. The lawsuit documents remain sealed, and they were originally sealed at the request of Billy Corgan.

Anthem Sports & Entertainment, the parent company of the Fight Network has also issued a statement about TNA’s legal situation. According to the statement they are offering to repay any loans that Corgan made to the company. You can read the statement below:

“Toronto – Anthem Sports & Entertainment Corp. (“Anthem”), the parent company of Fight Network, today confirmed that it recently made a working capital loan to fund the operations of TNA Impact Wrestling. Fight Network is a licensee of TNA programming for broadcast in the U.S., Canada and other international markets, and is also the exclusive licensee of TNA for streaming Internet-delivered TV.

Fight Network has also offered to provide TNA Impact Wrestling with funding to repay the loans made by Mr. Billy Corgan and is positioned to provide additional transitional assistance to the company.

“TNA is a strong property for Fight Network and as a licensee and global distribution partner we have a keen interest in seeing the company not only survive but continue to grow and thrive, alongside our own growth,” said Leonard Asper, CEO of Anthem. “We are hopeful that the company can soon get back to doing what it does best, which is to produce great wrestling content.”