By Annie Reuter
Billy Corgan has settled his lawsuit against TNA Wrestling and Impact Ventures. The Smashing Pumpkins frontman had worked as the company’s president for three months when he sued the wrestling league over unpaid loans.
The two parties have since come to an agreement and spoke fondly of each other in statements to the press.
“I’m pleased that an agreement is now in place that allows wrestling operations to continue,” Corgan said in a statement. “For my interest from the start was to provide support, be it material or creative, to such a great roster and crew. And as I plan on continuing in the business side of pro wrestling, I look forward to seeing where Anthem’s leadership takes the company in 2017, and wish them the best.”
Meanwhile, Anthem executive vice president Ed Nordholm thanked Corgan for continuing to support the company.
“We are pleased to conclude these arrangements with Mr. Corgan. The events leading to litigation were unfortunate but also reflected all parties’ desire in good faith to support the company. The arrangements we have made with Mr. Corgan respect all parties’ gratitude for his contributions to Impact Wrestling, both creatively and financially. We can now close this chapter and look forward to making Impact Wrestling a leader in the professional wrestling world.”