Billy Corgan spokesperson comments on TNA lawsuit, TNA reportedly owes unpaid taxes to state of Tennessee.
To follow up on reports yesterday regarding TNA President Billy Corgan filing a lawsuit against TNA Entertainment, Dixie Carter (Salinas), Serg Salinas, Impact Ventures and Dean Broadhead, a spokesperson for Corgan issued the following to Prowrestling.net today.
“As president, Billy is looking out for the long-term interest of the company, its employees, its talent, as well as its stakeholders and contractors.”
To make matters worse, a new report on Thursday by David Bixenspan of SEScoops.com revealed that the state of Tennessee issued a tax lien against TNA Entertainment back on September 18 stating the company owes the state in taxes. This means the state of Tennessee would be in the right to seize TNA property if the debt was not repaid. It was also noted in the report that Tennessee tax law covers successor companies, or Impact Ventures in this case.
The Wrestling Observer/Figure Four Online also revealed this week that MCC Acquisitions Corporation may have been the company that provided the latest round of funding for tapings dating back to September. MCC Acquisitions Corporation holds the same physical address as Anthem Sports and Entertainment, the parent company of The Fight Network. The debt TNA currently owes to Aroluxe Marketing, Anthem Sports and Entertainment and MCC Acquisitions is estimated to be in the range of $3.4 million.
We will continue to follow this situation as it develops.