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Billy Corgan Responds to TNA/Anthem Press Release; Claims He has Not Been Paid

And just that quickly, Billy Corgan has responded to the press release from TNA and Anthem Sports and Entertainment regarding their funding agreement.

Corgan, who was named as “no longer with the company,” took to Twitter to address the situation.  He claimed that he was not paid the $1.8 million he was due by Anthem on November 1, as was agreed to.  The cause was that the company needed a day to get the money together, but the company has not since followed through.  He noted that he is exploring his options, including converting his debt into 36 percent equity ownership.  The tweets are shown below.

Bill Says:  Interesting development.  Apparently he still holds a key with being able to convert his debt into equity in the company, so maybe he’s not out as president.  Obviously, more to come.

 

About Bill Wentz (1487 Articles)
Ring-Rap.com's Senior Columnist, writing with the site since 2009 and a lifelong wrestling fan dating all the way back to the early Wrestlemania years. As a strongly opinionated fan, you can get my thoughts regularly on Ring Rap Audio and Around the Ring on Thursdays, as well as in "Wentz's Blog" in print. Look for my live show reports as well for MMA, WWE, ROH, and more. Outside of wrestling, I have a strong obsession with trucks, winning awards statewide with a truck dubbed the "Brahma Bull Edition." Interact with me on Twitter @Bill_SoonerFan or by email at bwentz@ring-rap.com

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  1. Online Spat Between Anthem Sports and Billy Corgan Continues; Corgan Demands Immediate Payment – Ring-Rap.com

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