NY Post Reports Very Odd Reason for TNA Not Repaying Billy Corgan Loans

By Nick Paglino

As we noted moments ago, The New York Post has picked up on yesterday’s announcement of the new “credit partnership” between Anthem Sports & Entertainment and TNA.

Of note in the report is the reason why TNA has yet to pay back the $1.8 million in loans owed to Billy Corgan, who has been ousted from TNA following yesterday’s announcement.

Richard Morgan, who penned the Post article, noted that Corgan would, citing sources, get his $1.8 million investment in TNA back “when he asks for it.” As noted, Corgan has publicly stated, via Twitter, that he has yet to be paid back, and is demanding that he receive the money or he will take TNA stock via court.

Read Also: NY Post Claims Judge Ruled Against Billy Corgan Receiving $2.7 Million From TNA, Corgan Refutes Claim, Threatens to Take TNA Stock Via Court

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.

Nick Paglino
Nick Paglino

Nick was born and raised in Detroit, Michigan, and lived there until the age of 18, when he decided to pack his flack jacket and move to New York City.

Nick attended New York University and graduated in 2001 with a degree in Drama.

Nick first entered the internet wrestling community back in 2004 when he became the co-host of The Voice of Wrestling Radio Show. From there, Nick made the transition from radio personality to editor when he began working with WrestleZone in 2008.

Nick is a member of two Off-Broadway theatre companies, Another Urban Riff, and the Drama Desk Award winning Godlight Theatre Company. Nick has appeared in over a dozen Off-Broadway plays since he moved to New York City, and has shot several short and feature length films. In 2010, he completed principle photography on a film titled "How to Score Your Life," which also features TNA Knockout ODB.

Inspiration in his life has come from many people including his family, Woody Allen, Steven Spielberg, Jack Nicholson, The Beatles, and of course, Lassie.

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