Smashing Pumpkins frontman and former TNA Wrestling President Billy Corgan has purchased National Wrestling Alliance (NWA). PWInsider.com broke the news last week and has confirmed that Corgan owns the name, rights, and trademarks to the NWA as well as the rights and possession of the NWA championship belt.
At one time, the NWA was the governing body of professional wrestling and the NWA championship was the most prestigious belt in the industry. Iconic names such as Lou Thez, Harley Race, Dory Funk, Ric Flair, and others were among its stars.
The group of promoters who governed the NWA and voted on who the champion would be started going out of business by the 1980’s when Vince McMahon’s then-WWF went national, destroying the territory system.