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The mystery as to who finances The Bound for Glory PPV and the subsequent TV tapings appears to have been solved. A report on SEScoops.com notes that Tennessee Secretary of State website has a filing on 9/30 that MCC Acquisitions Corp. in Canada, listing them as a secured creditor for Impact Ventures, LLC. MMC's address is exactly the same as another listed secured creditor, Anthem Sports and Entertainment Corp, the parent company of The Fight Network. So, the tapings were financed by a corporate body related to the Fight Network, which is a minority owner in TNA. Another secured creditor listed is Aroluxe. What those listings mean in layman's terms, it was explained to me, is that should a company go bankrupt, the secured creditors would be the first who are taken care of in any potential bankruptcy proceedings.
Interestingly, according to the report, Billy Corgan is not listed as a secured creditor to Impact Ventures, but is listed as one to Dixie Carter personally on the Tennessee Secretary of State website. Whether that is part of the lawsuit Corgan filed on 10/12 remains to be seen. PWInsider.com is still working on acquiring a copy of the lawsuit.
Neither TNA nor Corgan's attorney have returned requests for comment and there is good reason - the Judge presiding over the case has order all parties to maintain silence.
The Corgan lawsuit was picked up by a number of mainstream outlets after PWInsider.com broke the story yesterday, including on TMZ, Spin Magazine, Pollstar, TheWrap.com and other outlets. A thank you to those outlets that credited and linked back to PWInsider.com's articles.
In an odd side note, there's been no article in The New York Post about the lawsuit, despite reporter Richard Morgan writing a number of articles about the company of late.
Jeremy Borash appeared this morning in studio for CBS Radio's "The Taz Show" -
The Total Nonstop Deletion episode at the Hardy compound will be a three or four day shoot over the first week of November, PWInsider.com has confirmed.
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