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TNA hasn't paid Billy Corgan the $1.8 million he is owed from his loans to the company, because, according to The New York Post, Corgan's hasn't asked TNA to give him back the money.
In an article published this morning, The Post's Richard Morgan, who has been regularly reporting on the story, wrote that Corgan would, citing sources, get his $1.8 million investment in TNA back "when he asks for it."
Corgan, after having his departure from TNA publicly announced, took to Twitter noting that he had yet to be paid back despite being told that TNA needed a day to get the money together. Based on his loan agreement with TNA, Corgan was required to be paid back on 11/1.
Attorneys for Anthem, which took over control of TNA management yesterday, stated before the Nashville Chancery Court on 10/26 that they were willing and able to repay Corgan's investment.
The article also noted, "TNA appears to have found that white knight in Anthem Sports. Carter still owns 92.5 percent of the company, TNA production house Aroluxe Marketing, 5 percent, and Anthem’s Fight Network, 2.5 percent."
To read the complete article, click here.
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