UPDATED: Billy Corgan Denies Rumor of NWA Shutdown: ‘We Are NOT Shutting Down’

UPDATE: In light of the earlier rumor about Billy Corgan shutting down the National Wrestling Alliance and the report that NWA currently has “no firm plans moving forward,” NWA President Billy Corgan has released a statement on his official Twitter account addressing the situation. In the statement, Corgan denied rumors of a shutdown for NWA. You can read his statement and view his tweet below.

“A quick note about the National Wrestling Alliance, which I fought for, and won ownership of a few years back. We are NOT shutting down. So please disregard any and all rumor to effect. The NWA is not and will not be for sale, and those talent who are under contract remain under contract for a reason: which is that we at the NWA are trying to figure out a way to provide our great fans with wrestling content in a very, very tough environment. And, most importantly, keep our talent safe and the standard of production you’ve come to expect from us at a high level. Anything less, in my opinion, is unacceptable. So yes, appreciate the interest, appreciate the chatter, but don’t appreciate the unsourced rumors and speculation.”

Quick note about the @nwa pic.twitter.com/CDzw6B3XmC

— William Patrick Corgan (@Billy) July 16, 2020

ORIGINAL: Fightful Select has an update on the future of the National Wrestling Alliance (NWA). According to Fightful, NWA has “no firm plans moving forward” at the moment. The news comes not long after Raven stated in an interview with Hannibal TV earlier this week that owner Billy Corgan is planning to shut down the promotion.

NWA is currently on a hiatus due to the COVID-19 pandemic. Additionally, former company Vice President Dave Lagana exited the promotion after allegations of sexual misconduct surfaced against him during the #SpeakingOut movement.

Fightful reports that NWA Worlds heavyweight champion Nick Aldis was considered as a replacement for Lagana’s post, but he doesn’t have Lagana’s particular skill set. NWA roster members are reportedly very fond of Billy Corgan, who treats them with respect, but he’s not been very active lately with the promotion.

Additionally, wrestlers under contract with the promotion found out about Lagana’s exist when the general public did as well. Before that happened, NWA was holding weekly Zoom meetings with about 12 people to go over the direction of Carnyland, which is said to be cancelled for right now. As previously noted, after the company shakeup with Lagana, wrestlers were told that if they didn’t believe in the vision for company going forward they were given the option to leave.