Fight Network Offers To Pay Off Billy Corgan’s Loans to TNA; Hearing Delayed

The Live Audio Wrestling Twitter account, which is run by John Pollock and part of the Fight Network family, tweeted the following on Wednesday afternoon:

Have confirmed that the TNA / Billy Corgan hearing has been moved to next Wednesday, Anthem will be putting out statement today

— Live Audio Wrestling (@LAWradio) October 19, 2016

Anthem is also offering to fund TNA in order to repay the loans of Billy Corgan

— Live Audio Wrestling (@LAWradio) October 19, 2016

The first tweet alludes to the Davidson County Chancery Court website reflecting a delay in Billy Corgan’s lawsuit against TNA. The first hearing in the case, originally set for tomorrow (Thursday/October 20th), has been rescheduled for next Wednesday, October 26th. The temporary restraining order that Corgan got against TNA last week will be reevaluated at that hearing, and the judge will hear his request for a temporary injunction. With the lawsuit sealed, it’s still unclear what specifically he’s trying to stop.

The second tweet refers to Anthem Sports and Entertainment, The Fight Network’s parent company, who funded the last two sets of TNA both directly and then indirectly through sister company MCC Acquisitions. It appears that Anthem is about to officially announce that it is funding TNA to offset the debts to Corgan. As we’ve reported previously, the state of Tennessee only has a record of Dixie Carter being indebted to Corgan personally, and it’s not yet known if that complicates this deal at all.

More on this as it develops.