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Saturday, October 22, 2016

CMLL names working ROH next month, Frenchy passes, Corgan lawsuit covered and some documents unsealed, Rock doing WWF-related TV show, TNA viewership, and Questions on why WWE chooses certain PPV markets, how the WCW Invasion would have gone if more big names were signed, talents cutting loose on "Talking Smack," hazing Saxton, and where Father James Mitchell is

CMLL's The Panther (son of Blue Panther) and Misterioso Jr. will work ROH's November events in Texas. If they do well, they could become more regular parts of the promotion. It looks like in some ways ROH is doing what GFW wanted to do: becoming a base for talents from major international promotions.

Frenchy Martin passed away Friday morning at the age of 66 following a battle with cancer. Puerto Rico's World Wrestling Council dedicated their weekend events to him. He had quite the international impact during his career.

- WWE released a statement on his passing and remembered him with a photo gallery.

Billy Corgan's lawsuit against TNA was covered in New York Post:
- Very interestingly, Corgan's minority ownership and presidency are listed in the past tense. That will be something to examine as we enter next week's hearing; certainly there's been no official announcement of him stepping down.

- The piece also suggests Fight Network's parent company has the funds to buy Corgan out completely. Whether they end up becoming majority owners and how Aroluxe fits into all this remains to be seen.

FOX has picked up a pilot for a show based on the relationship between The Rock and WWE writer Brian Gewirtz. Attitude Era backstage: the show? That could be really entertaining.

The Billy Corgan/TNA lawsuit and the exhibits used to support it will be unsealed on October 25, becoming public record. However, sensitive financial information that could fall into the hands of competitors will remain sealed. So, we'll learn a lot about where things stand among all the parties then without knowing every specific detail of how TNA's doing financially, since that could lead to even more negative consequences for TNA's business.

- Billy Corgan's temporary restraining order against TNA has been unsealed. In it, Corgan claimed he is likely to prevail in his claims because TNA is financially insolvent. Furthermore, TNA is unable to take any action without Corgan's consent during this restraining order. This includes selling the company or transferring any of its assets. It's likely this would prevent TNA signing any talents to new contracts without Corgan's approval, as well.

- Corgan's request for expedited discovery was also unsealed. In it, Corgan asks for Dixie Carter to admit (among other things) the company has defaulted on the loan he made them and Corgan has the right to remove the managers of TNA's parent company and replace them with people of his own choosing. Should she not admit this, he wants the company to hand over documents related to TNA being insolvent or unable to pay all of its debts in full, documents sent to and received from WWE since January 1, 2016, and documents related to third parties potentially acquiring TNA or any of its assets.

-- Further, Corgan has requested TNA identify the nature and extent of each member's ownership interest, all of its assets, financial statements going back to Jaunary 1, 2016, and the location of the TNA video library. Related to this last claim, he has requested TNA state the ownership of the library and reveal any negotiations for the sale of the library. So, Corgan wants a complete picture of the financial state of TNA, whom the other owners are and what stakes they have, and what offers have been made to purchase parts of or all of TNA and its assets. It looks like we're in for a big court battle revealing a lot of what's going on in the company.

- Dixie Carter and TNA responded to Corgan's claims, denying the company being insolvent because its assets are greater than its debts. However, since no documents have been presented to prove this, Corgan requested them. Dixie objects to this request, stating the documents involved are either not relevant, overly broad, or difficult/expensive for her to obtain. However, the collective defendants have handed over 17,000 pages (!) worth of documents to be reviewed by Corgan's attorneys. More on this process as it continues.

Impact Wrestling drew 353,000 viewers this week, back up from a disappointing drop the previous two weeks following BFG.

For my take on yesterday's PWInsider.com questions:
1. A lot of times it's a case of having big markets nearby for the weekend live events before the show (possibly including a Takeover special) and the Raw and Smackdown afterward. So, that might be what's going on there.

2. I'm sure a lot of those names would be doing jobs to top WWF names, but at least the Alliance wouldn't contain a lot of WWF wrestlers jumping ship.

3. I'd definitely like to see WWE loosen the reins more on talents, as long as those talents stay more or less on-topic and in-line with their characters. That said, I'm always hesitant to say Vince will one day decide to ease up on the amount of control he has. It's just not in his nature; he's "Type A" to a T. I think it's safe to say that in Vince's mind it was his vision and determination that reformed the business from the territory days, beat Billionaire Ted, etc., so he doesn't necessarily trust anyone else to steer the ship. He's not as in control in some areas of the company (talent relations and development), but he's still the one making final decisions about what happens on Raw and Smackdown. Others can make ideas, but he's the one who signs off on them.
 
4. Without JR or Josh Matthews around, and Cole now in a veteran announcer role, he's the one to get bullied.

5. That sounds AMAZING. I would have loved for him to come into WWE and manage The Ascension; it's really a shame they haven't made use of him given how good he is.

More wrestling tomorrow.

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