Billy Corgan — I’ve Seen Proof of TNA’s Sale Discussions With WWE

proof billy corgan tna lawsuit wwe offer dixie carter email

TNA President Billy Corgan claims he’s seen PROOF that the company was in discussions with WWE about a possible sale … even though execs lied to him about it the whole time.

In newly unsealed documents, Billy claims he reached out to Dean Broadhead to ask about the sale rumors and on September 26th the TNA exec assured him that they were false.

However, Corgan says that the defendant’s production documents show that Dean sent a WWE rep “certain due diligence materials that WWE had requested” just one day before.

He also claims to have seen an email from Dixie that minimized his role … explaining “When WWE raised issues relating to Corgan’s note in the course of their negotiations, Mrs. Salinas (Dixie) wrote: ‘I intend to pay the loan back in full plus interest prior to selling the company.'”

As we previously reported, Billy also says a set of Impact Wrestling tapings scheduled for next month were postponed due to company’s lack of funds.

UPDATE: TNA’s legal team also filed a response to Billy’s accusations.  They claim that Corgan used his loan as a way of strong-arming himself into the role of President.

The lawyer’s add, “He then purported to use Ms. Salinas’s own voting power to terminate the individual defendants, including Ms. Salinas, from the company’s Board of Managers and install himself as Impact’s sole manager.”

TNA also claims that Corgan is attempting to “prevent the business from repaying his loan and to prevent Ms. Salinas from selling her controlling interest in the company to anyone else.” Explaining, “If plaintiff succeeds, he will next try to seize Ms. Salinas’s 92.5% interest in Impact and obtain true control of the company at a cost to him far below the amount at which he has recently valued the company and far below the company’s true value.”

Follow Editor-in-Chief @RyanSatin and @WrestlingSheet on Twitter for more updates and pertinent court documents posted throughout the day.