Simplify the following text for a Grade 9 native English-speaking person.
Original: She is the current TNA Women 's Knockout Champion in her third reign and a former TNA Knockout Tag Team Champion and was the first Knockout to hold both titles simultaneously .
Simplified: Madison Rayne is a former TNA Knockout Tag Team Champion with Lacey Von Erich and Velvet Sky and is a former two-time TNA Women 's Knockout Champion .