Our buddy Josh Stewart filed a report about the rumors that Billy Corgan is negotiating to purchase TNA Wrestlinghere on Newsday.com.
TNA provided Newsday with a copy of the memo distributed to company employees via email last week. Alex Barie confirmed the memo told talent the company wasn't for sale and the Carter family was in it for the "long haul." The Newsday report added a quoted excerpt from the memo written by Panda Energy's Janice Carter (the mother of Dixie Carter):
“An unfortunate aspect of this business is that there are wrestling ‘reporters’ who consistently post ‘news stories’ without proper facts. I want to assure you these are just rumors and that I am committed to TNA and its future,” she added.
A spokesperson for Corgan told Newsday there was "no reason to comment on rumors" and that Billy was focused on Resistance Pro's upcoming 2nd anniversary show.
The rumor that Corgan was negotiating to purchase TNA was started over the weekend.
Click here for coverage by Newsday.