SPOTLIGHTED PODCAST ALERT (YOUR ARTICLE BEGINS A FEW INCHES DOWN)...
TNA announced Friday a major executive shake-up, removing Dixie Carter from her long-held position as TNA president.
Billy Corgan will now take over as TNA president. Carter will move into a business consultant-type role as “Chairman and Chief Strategy Officer.”
Corgan is taking over day-to-day operations, essentially following through on investing money in TNA to keep the company going under its new business name of “Impact Ventures” that PWTorch reported on earlier this summer.
In a press release, Carter noted that the more they discussed Corgan’s vision for the organization “the clearer it became that position needed to match his commitment.”
Carter’s new role will “focus on long-term planning, strategic partnerships, and global growth,” with the changes taking place “effective immediately.”
“Billy is a visionary, an iconic artist and savvy businessman with an incredibly gifted creative mind. He has built a decades-long successful global brand, and also has a deep passion and understanding for professional wrestling,” said Carter. “In working with Billy over the last 16 months, he has impressed me to the point that I’ve been in discussions with him to take an elevated strategic leadership role within the company.”
“I believe in this company, its passionate fans, the talented roster and the dedicated staff and crew,” said Corgan. “I am committed to this great opportunity and will use all of my resources and connections to drive the success of this company. This year we have made significant strides in establishing a strong foundation for our future and will be aggressive in continuing to evolve and grow the Impact brands.”
TNA had been looking for an outside investor throughout 2016, but they were unable to secure an investor while Dixie Carter retained control of the company as president.
Now, Carter has removed herself from the president’s role, but she is still remaining in a high-level business strategy role. It remains to be seen if this is the final executive move with Corgan essentially taking over the company’s direction, or if it leads to a follow-up investment deal with an outside party along with Corgan.
Seems more like a reward for Corgan since he is now a minority owner and bailed them out in June for Slammiversary to broadcast on time.
The fact that TNA sent this out as a press release and Dixie seems to remain in charge basically promoted herself to a new title. I can’t make much of this myself.
I remember an episode of Taxi where a top level movie studio executive was removed and ended up at Burger King. Dixie belongs at Burger King as well. Nobody will miss her at all and TNA will still suck no matter what they do. Even this new guy as President won’t be able to help TNA. Who gives a rats ass at all about TNA? The only good thing they did recently was bring in Sandow.
That is where you are wrong. A lot of people care about TNA and want it to prosper. Nobody cares if YOU like it or not. That’s on you. Bottom line–ever since they got rid of Hogan and Bischoff the program has gotten better and better. Even though they let some long time talent leave, they have done great at making a good show with a smaller roster and new additions,
WWE sucks–not TNA.
As a pro wrestling fan, I look forward to the change. But then again, I’m not the type of schlep that thinks they should share their negativity because their life sucks. Perhaps if I weighed 300 lbs. and sat behind a computer eating potato chips for entertainment, I’d feel like some wrestling fans. Not here. As a business owner myself, I tip my hat to Billy for putting his money where he mouth is. But then, unlike you negative posters, he’s using real money. How about taking your negativity, go to the local park and play Pokemon?
Thumbs up to this comment!!!
Keep pushing Dixie as far away as possible and they may have a chance to make it. Hopefully they will pay all of the outstanding invoices soon, many lawsuits are pending for work in March that has been unpaid.