Billy Corgan, who was officially named the new TNA President back in an announcement on August 12, was described as definitely being the “man in charge” according to a new report by The Wrestling Observer Newsletter. Former TNA President Dixie Carter, who has taken on the new title of Chairman and Chief Strategy Officer of TNA, did not stay in Orlando for a majority of the Impact Wrestling tapings last month and could be on the way out.
This same report indicated that the same challenges Carter was facing will now be the same problems for Corgan in regards to turning a profit without any live events and PPV being decreased. IMPACT Ventures is now the official parent company of TNA after Panda Energy (the former financial backer of TNA) slowly phased itself out last year.
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