Exclusive: Major Update On Billy Corgan’s Rumored Purchase of TNA Wrestling

Exclusive: Major Update On Billy Corgan’s Rumored Purchase of TNA Wrestling

I have heard from a second hand source who is close to a key figure in the rumored TNA Wrestling sales discussions who has verified that Smashing Pumpkins frontman Billy Corgan is far along in his talks to purchase the company. This source went as far to say that he believes it is a “done deal” that Corgan will buy TNA, though the source didn’t know what percentage Corgan will be purchasing or the specifics of the deal. The source also says that Corgan has recently made a connection to somebody very wealthy, though it is not known if this party would have anything to do with the deal. Obviously with professional wrestling, you never know if a deal will actually go through until the ink is dry. Eric Bischoff and Fusient Media Ventures announced their purchase of WCW in early 2001 before TNT and TBS canceled WCW programming, leading to the deal falling apart and Vince McMahon purchasing WCW.

TNA Wrestling’s weekly show ‘Impact Wrestling’ airs on Thursday nights on SpikeTV and features stars like Kurt Angle, Sting, Jeff Hardy, and AJ Styles.