Billy Corgan Claims He Was “Borderline Criminally” Deceived By TNA


Billy Corgan was recently a guest on Busted Open Radio to talk about his past issues with IMPACT Wrestling. Here are the highlights:

Being deceived by TNA: “Oh yeah,” Corgan said. “To put it simply I was completely deceived by people I thought were my friends. We’re not just talking about people who are business associates, we’re talking about going to people’s houses, playing with their kids. In some cases, [I was] staying in their houses.

“To realize that they have no problem stabbing you in the back, that was pretty shocking to me. You know, look life happens. Things happen, but that was some pretty scummy stuff.”

Feeling wronged to a criminal extent: “The numbers are out there,” Corgan said. “I had put $1.8 million of my own cash into the company. There are literally where if I didn’t put the money in the company would have been shut down. There would be no Impact Wrestling today if I didn’t write a check on that particular day.

“What was weird to me was not only that I was being deceived in my estimation fraudulently, you know borderline criminal. In fact, I even talked to authorities whether there was criminality involved and there were differing opinions about actual criminality. Then once it went into more of a legal process because that was advised by attorneys the most likely way to recover my money which I ultimately did.

“What was even more shocking was watching people that you had considered only months before literally inventing stories out of whole cloth. I mean literally inventing situations and scenarios that didn’t happen. Then you start getting into like, ‘wow, I’m in a bad Vince Russo wrestling angle here, like, did Vince book this s–t?’ It was like ‘you’ve got to be kidding me,’ it was wacky world.”

H/T Wrestling Inc. for the transcriptions

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