Former WWE employee Lou D'Angeli claims his friend Billy Corgan of The Smashing Pumpkins is negotiating to purchase TNA Wrestling. D'Angeli Tweeted:
— Lou DAngeli (@LDAngeli) November 2, 2013
— Lou DAngeli (@LDAngeli) November 3, 2013
According to CelebrityNetWorth.com, Corgan has an estimated net worth of $50 million dollars.
I am unable to confirm D'Angeli's claims. I have yet to hear from any of my sources about TNA being for sale and Janice Carter sent out a memo to TNA talent last week, re-affirming the Carter family's commitment to the company. At this point I'll just caution to be careful what you read. We'll continue to research the story but the only thing we know 100% is a memo went out to TNA workers saying the company wasn't for sale and the Carter family was committed to it. Obviously Janice could be telling talent one thing and doing another but at this point, the other stuff has not been confirmed.
Corgan on the other hand is no stranger to pro wrestling. He's a big fan and has promoted his own shows with Jacques and Gabe Baron. Their company is called Resistance Pro Wrestling.