Billy Corgan Negotiating To Purchase TNA Wrestling? - WWE Wrestling News World

Billy Corgan Negotiating To Purchase TNA Wrestling?

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Billy Corgan

Former WWE employee Lou D'Angeli claims his friend Billy Corgan of The Smashing Pumpkins is negotiating to purchase TNA Wrestling. D'Angeli Tweeted:

">@billy is in negotiations to buy

Is @billy set on buying @IMPACTWRESTLING??? I know he is pretty serious in at least partial, if not, majority ownership. #TNA

— Lou DAngeli (@LDAngeli) November 3, 2013

">@IMPACTWRESTLING! I don't know anything else but he was in Nashville last week!

— Lou DAngeli (@LDAngeli) November 2, 2013

">@billy set on buying

Is @billy set on buying @IMPACTWRESTLING??? I know he is pretty serious in at least partial, if not, majority ownership. #TNA

— Lou DAngeli (@LDAngeli) November 3, 2013

">@IMPACTWRESTLING??? I know he is pretty serious in at least partial, if not, majority ownership. #TNA

— 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.

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