Billy Corgan Set to Assume Ownership of NWA in October

– As previously reported, Smashing Pumpkins frontman Billy Corgan had made a deal to purchase the National Wrestling Alliance (NWA) and assume ownership. PWInsider has a new report out today on the future of NWA, the transition of ownership from Bruce Tharpe to Corgan, and when Corgan will take over.

According to the report, the new era under Corgan is slated to start on October 1. All the member promotions who had licenses to use the NWA initials and branding under previous owner Bruce Tharpe will expire the day before on September 30, which is this upcoming Saturday. Moving forward, the future of the NWA will be based on the new leadership of Corgan and Dave Lagana.

Additionally, the NWA On Demand video streaming service will be shut down during the transition. This is a result of Corgan purchasing Tharpe’s interest in the Paul Boesch Houston territory library. The ownership of said library will reportedly remain with the Boesch family, but Corgan will have the ability to “control” the library moving forward.

At last night’s Championship Wrestling Hollywood TV taping in California, NWA champion Tim Storm filmed an angle where Nick Aldis confronted him. This was the first time the NWA world title was featured on Championship Wrestling Hollywood since Tharpe had taken ownership over the NWA.