Billy Corgan Issues Statement on Lawsuit Against TNA Wrestling

, but beyond that, doubt is still very much planted. While this week is a pay week for talent, [...]

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(Photo: Impact Wrestling)

There hasn't been a lot of details coming from the lawsuit that TNA President Billy Corgan filed against TNA, LLC but he stated via his spokesperson Lissa Druss Christian that he still wants the company to succeed and everything he's doing is in its best interest.

"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."

There was an air of uncertainty going into the Bound for Glory pay-per-view with money running out. TNA received a last-minute investment and was able to produce the event as well as a few weeks of tapings (which saw a new TNA World Champion crowned in Eddie Edwards), but beyond that, doubt is still very much planted. While this week is a pay week for talent, there's a question about whether money will still be there in early 2017.

If not, you could see more than a few members of the roster who will quickly find themselves jumping ship rather quickly, especially the salaried stars who are guaranteed money.

Theories began swirling at a recent taping where a few members' music wasn't played, which caused speculation of the licences pulled because of more money owed. This is utterly unheard of in the world of professional wrestling.

The hearing on Corgan's suit is scheduled for next Thursday, Oct. 20 in Nashville, and hopefully, more will be revealed by then.

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