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Billy Corgan Says The NWA Is NOT Shutting Down

(Photo by Andrew Toth/FilmMagic)

Billy Corgan sets the record straight—the National Wrestling Alliance isn’t for sale.

Corgan posted the following on Instagram, responding to rumors that the promotion would be shut down:

“A quick note about the National Wrestling Alliance, which I fought for, and won ownership of a few years back. We are NOT shutting down. So please disregard any and all rumor to effect. The @NWA is not and will not be for sale, and those talent who are under contract remain under contract for a reason: which is that we at the NWA are trying to figure out a way to provide our great fans with wrestling content in a very, very tough environment. And, most importantly, keep our talent safe and the standard of production you’ve come to expect from us at a high level. Anything less, in my opinion, is unacceptable. So yes, appreciate the interest, appreciate the chatter, but don’t appreciate the unsourced rumors and speculation.”

During a new interview with Hannibal TV, Raven claimed there are rumblings that Corgan may be shutting down the NWA for good. Raven said he heard rumblings that Corgan is shuttering the promotion, noting that he was “disillusioned” about moving forward.

The current incarnation of the NWA has been on hiatus since June 19 after Vice President Dave Lagana resigned from his role after being accused of sexual assault. Corgan has been the controlling owner of the NWA brand since 2017 when he purchased it from Bruce Tharpe.

Related: Raven Claims Billy Corgan Plans On Shutting NWA Down, Says He’s ‘Disillusioned’

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