More On The Corgan-TNA Decision On Monday
PWInsider.com is reporting that this coming Monday’s Tennessee court decision will determine whether Billy Corgan’s current temporary restraining order against the company is replaced by a Temporary Injunction. If that happens the current stockholders will be unable to sell the company and no major business decisions will be able to be made without Corgan’s input and approval.
If the injunction is declined then things return to the way they were before Corgan filed suit in terms of Carter and other executives making decisions. A decision on whether Corgan indeed gets to take over Carter’s control of the company’s 92.5% voting rights could happen. Based on what PWI has heard the fact Corgan’s attorney was being asked how they were applying TN law to those claims could be a sign the court is not seeing it the same way they are.
Either way Corgan’s loan still has to be repaid by November 1st which is the day after the ruling. The lawsuit that was filed by Corgan can still move forward no matter what decision is made by Chancellor Ellen Hobbs Lyle regarding the injunction.
The other question yet to be answered is whether Corgan not only gets his $1.8 million back but also the “corporate transaction” fee. Which based on what was stated in court earlier this week was 50% of his loan. So, that’s an additional $900,000 he is looking for. Anthem Media’s attorney stated in court they were willing to repay the $1.8 but not the $900,000. It’s possible that should the lawsuit move forward, the $900,000 becomes something that is wrangled in court even if/when Corgan gets the $1.8 million back.
Mick Foley Asks Fans Which Match Is The HIAC Main Event
WWE Hall of Famer & RAW GM Mick Foley has posted the following to his official Facebook page thanking some FOX Sports Mexico hosts he worked with recently as well as asking fans which Hell In A Cell match they think is the main event:
