A year after stepping down as president of TNA Wrestling, Smashing Pumpkins frontman Billy Corgan is reportedly close to purchasing the National Wrestling Alliance, according to PWInsider. The deal in would see Corgan purchase the name, rights and trademarks of the NWA as well as the rights and possession of its championship belt.
Corgan, a lifelong wrestling fan, began investing in TNA in June 2016 and helped to finance several of the company’s televised matches. After investing more and acquiring a larger share in TNA, Corgan was named president in August 2016 and announced his intentions to purchase the company. But Corgan was denied the opportunity to buy TNA, after which he resigned from his presidency and sued TNA.