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Legal Feud Between Smashing Pumpkins' Billy Corgan And TNA Wrestling Heats Up On Twitter

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billycorganTaking to the medium most suited for conveying important, nuanced information about his ongoing legal battle with pro wrestling company TNA, Smashing Pumpkins vocalist Billy Corgan blasted TNA and business partner Anthem Sports & Entertainment over $1.8 – $2.7 million allegedly owed to Corgan by TNA. Former TNA President Corgan recently tried to gain control of the company using a clause in his contract related to the company's financial insolvency, but a judge ruled that the finances of TNA are so murky, it was impossible to tell if they were any worse off than when Corgan signed the deal. Anthem then released a statement claiming Corgan was no longer with the company, and they would be financing operations from now on. You can read Bleeding Cool's earlier report for more details.

With his attempt to gain control over TNA in court thwarted, Corgan took his fight to Twitter on Thursday…

https://twitter.com/Billy/status/794232124522004482

https://twitter.com/Billy/status/794232633207226368

https://twitter.com/Billy/status/794233412034891776

…which prompted a response from the twitter account of Anthem's Canadian TV channel, Fight Network:

 

Corgan was undeterred, however, taking the fight to the network via its @mentions:

https://twitter.com/Billy/status/794275341325864960

https://twitter.com/Billy/status/794276142849003520

https://twitter.com/Billy/status/794276469836902400

Things quieted down for a day or so before new Corgan Twitter offensive was provoked by a New York Post article claiming Corgan lost a second legal battle with TNA, which would have added a $900,000 to Corgan's $1.8 million credit, based on Anthem's claim that they are a creditor of TNA and not new management. Corgan contests that Anthem is now running TNA, representing a change in management that would trigger the premium, and threatens further action if he isn't paid.

https://twitter.com/Billy/status/794568002553413632

https://twitter.com/Billy/status/794569232289853440

https://twitter.com/Billy/status/794569782184071168

https://twitter.com/Billy/status/794570172610859009

https://twitter.com/Billy/status/794570457466990593

https://twitter.com/Billy/status/794570729979346945

https://twitter.com/Billy/status/794571368494956544

https://twitter.com/Billy/status/794572818654629888

https://twitter.com/Billy/status/794573291029692416

Corgan's threat to sell his stock to a "PW titan" is a likely reference to Sports Entertainment company WWE, formerly known as Titan Sports Inc. WWE has long been rumored to have interest in purchasing TNA's tape library at the right price, but is likely to have little interest in owning a non-controlling share of the beleaguered company. Rumors that TNA majority owner Dixie Carter was negotiating to sell the company or tape library to WWE behind Corgan's back were a factor in Corgan's original lawsuit.

With both the legal and social media platforms being thus far unable to solve this dispute, it seems there's only one logical place left to settle it… in the steel cage.

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Jude TerrorAbout Jude Terror

A prophecy once said that in the comic book industry's darkest days, a hero would come to lead the people through a plague of overpriced floppies, incentive variant covers, #1 issue reboots, and super-mega-crossover events. Sadly, that prophecy was wrong. Oh, Jude Terror was right. For ten years. About everything. But nobody listened. And so, Jude Terror has moved on to a more important mission: turning Bleeding Cool into a pro wrestling dirt sheet!
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