Former TNA Wrestling President Billy Corgan has agreed in principle to purchase the National Wrestling Alliance; the purchase will include the name, rights, trademarks to the NWA as well as the rights and possession of the NWA championship belt. Back in 2002, the Jarrett’s licensed the rights to the NWA Championships for the first few years of the company before transitioning to TNA branded championships.
Under Bruce Tharpe’s leadership the NWA changed from a group that allowed members to join to a promotion that instead licensed the NWA letters out to those willing to pay to use them. They also worked with NJPW from time to time. This purchase is Corgan’s first move back into pro wrestling since his failed bid to purchase TNA Wrestling, which led to a court battle between the two sides.
Corgan has teased getting into wrestling for years, almost buying into ECW in the late 90’s, and later worked with Chicago’s Revolution Pro in creative role and acquiring a deal to bring that promotion to AMC as part of a reality series before AMC opted to shut down its reality TV end.
At this time, no one knows what Corgan’s ownership means for the current NWA member promotions and what would this mean for the NWA on Demand Video service.