Mike Johnson at PWInsider.com has confirmed that Billy Corgan is in the final stages of purchasing the NWA.
Corgan, current Smashing Pumpkins frontman and former TNA Wrestling President, is setting a deal that would award him the name, rights, trademarks to the company, as well as the rights and possession of the NWA championship belt.
The National Wrestling Alliance carries a level of prestige with it dating back to the 1940s, but it has not felt important in many years. Both WCW and TNA utilized the NWA World Heavyweight Championship for a number of years before ultimately dropping the title and branding their own championships.
Since the NWA and TNA split, the NWA has remained largely independent, forming a collective of indy promotions throughout the United States. Like the territory days, they would share the same main champion, but outside of that would operate independently of each other. Notable recent champions include Adam Pearce and Colt Cabana.
If Corgan is successful in the purchase, it would be his first foray into the professional wrestling world since his public falling out with TNA in the summer of 2016, which resulted in Anthem Sports taking over the company in the end.
There is speculation that former TNA Head Writer Dave Lagana may also be involved in the project, as he has been working with Corgan on tour since their departures from TNA Wrestling. Matt Conway, Lagana’s former creative partner in TNA, is also no longer with the company and may also be available.
If the deal goes through, it will be interesting to see if Corgan attempts to secure national (or international) TV rights for the NWA, or keeps it strictly an indy promotion with local TV exposure.
No official word from Corgan or the NWA at this time, but we will continue to monitor this story closely.