Billy Corgan Says He Can Sell Ownership To Highest Bidder, Wants Repaid

Sean Ross SappNovember 4, 2016, 4:21 pm

Billy Corgan isn't going quietly after being denied full ownership of TNA Wrestling.

In a series of Twitter posts on Friday, former TNA President Corgan is demanding repayment of the loans he gave TNA Wrestling to continue operating throughout last summer.

Corgan also said if he's not repaid ASAP, he still retains his option to convert his loan into a 36% ownership stake. One that he said he's able to sell to the highest bidder, even pro wrestling titans. Corgan also claims he's actually owed $2.7 million, not $1.8 million.

Corgan unleashed several tweets trashing TNA, their association with Anthem, and the decisions made in relation to the two companies. You can see the tweets below.

YEP: just-published NY Post article asserts that judge in case ruled against my receiving 2.7 in Anthem swap deal. This is FALSE. Case OPEN

— WPC (@Billy) November 4, 2016

Today, I'm FORMALLY requesting repayment of my 'so-called' loan by TNA, which I'm told stalled because they didn't know where to FIND ME

— WPC (@Billy) November 4, 2016

Laughs aside I'd put up 1.8mil for express purpose of becoming equity stakeholder and helping talented roster. Any other assertion is FALSE

— WPC (@Billy) November 4, 2016

So if I'm not repaid today in full and without conditions attached, I'll be forced to once more pursue remedy by taking TNA stock via court

— WPC (@Billy) November 4, 2016

Remember it was Anthem and not I who stood in open court and told judge they were prepared to PAY and in turn FUND good 'ol, solvent TNA

— WPC (@Billy) November 4, 2016

A company which they claim they have no business deal for behind-the-scenes yet have released 2 press releases saying they are TAKING OVER

— WPC (@Billy) November 4, 2016

So far be it from me to accuse someone I don't know of bending truth to win a case. That just wouldn't be nice, and I believe in being nice

— WPC (@Billy) November 4, 2016

Last thing: despite being called a lender by every arm of TNA propaganda I can still convert to 36pct stock or sell option to highest bidder

— WPC (@Billy) November 4, 2016

And that 'option' if you will to convert my boo-hoo-hoo loan to 36pct stock or auction it off to a PW titan doesn't require a court order

— WPC (@Billy) November 4, 2016