Billy Corgan has not given up on his dream to run his own wrestling promotion. Corgan has agreed in principle to purchase the National Wrestling Alliance, according to PWInsider. The deal would see Corgan getting the rights to the name, trademarks and the NWA Championship.
If you are wondering if this is the same NWA that was home to wrestlers like Ric Flair, Ricky Steamboat, Terry Funk and Harley Race then you would be correct. Jim Crockett Promotions was the largest member of the NWA in the late 1980’s but they faded away once Ted Turner purchased it and WCW was formed. The NWA continued on but on a much smaller scale. They got a bit of national exposure during the Attitude Era when they brought in Jeff Jarrett, Barry Windham, and The Rock ‘n’ Roll Express to represent the NWA but it was a short-lived partnership and the company would continue on a very small scale until the Jarretts formed NWA-TNA in 2002. The agreement to use the NWA name and championship on TNA TV ended in 2007 and that was the last we would hear of the promotion on a national scale, although they continued on smaller scale.
Bruce Tharpe took over ownership in recent years and he’s been working on getting the NWA On Demand streaming service off the ground. The service features some rare and never-before-seen matches in excellent quality. There’s no word on if this deal would include that library.
Corgan has contacts in the television industry so this could lead to the NWA getting back in business and in competition with the likes of Impact Wrestling and ROH. Following his exit from Impact Wrestling last year, he had hinted that he would continue pursuing something in the wrestling business. It doesn’t shock me because he’s a lifelong fan and his involvement in the business dates back to his appearances in ECW during the dying days of the promotion and he worked behind the scenes for Chicago’s Revolution Pro.
Corgan has not commented on the story so we’ll just have to wait and see what his plans are for the company.