This means that Corgan will not gain control of TNA and that the current management can move forward to make plans and choices for the company without his approval.
The site also reports that TNA will still have to repay Corgan’s loan of $1.8 million. That is unless Corgan chooses to convert that debt into a 36% ownership stake in the company.
Opinionated View- Well that doesn't mean it's over. It just means Corgan isn't being handed the control right now. He could still wind up buying it.
No comments:
Post a Comment