New TNA Minority Owner Revealed

Smashing Pumpkins frontman and TNA's Senior Producer of Creative & Talent Development Billy Corgan is set to be TNA's new minority owner.

Corgan started working with TNA in April 2015 but is now moving into a new role after purchasing a minority stake in the company. PWInsider notes that some sources say the deal is done while another says it's moving in that direction but not 100% complete.

Dixie Carter will retain majority ownership, something that she did not want to budge on during negotiations.