News broke news last week that TNA Wrestling is being shopped to potential buyers, and according former ECW personality Lou D’Angeli one of these potential buyers is Smashing Pumpkins rocker Billy Corgan.
"From what I understand, (Corgan) is in negotiations to buy (TNA)," said D’Angeli on his Twitter page. "I don't know anything else but he was in Nashville last week!" wrote D’Angeli , adding that Corgan was "pretty serious in at least partial, if not, majority ownership."
Corgan does have a documented history as a lifelong fan of pro wrestling, having attended many WWE, TNA, and ECW shows. Corgan is the owner of Chicago area independent wrestling promotions, Resistance Pro Wrestling. Neither TNA Wrestling or Corgan has not publicly acknowledged this news.
Lending some truth this story, former WWE creative writer Court Baurer revealed last week on the Live Audio Wrestling podcast that his inside sources told him that several potential investor groups are kicking the tires to possibly buy TNA from it's parent company Panda Energy and the Carter family. Though Baurer did not directly name Billy Corgan as a potential buyer, he expressed that Corgan was not out of the question. Baurer said that groups lead individually by former WCW executive producer Eric Bischoff, TNA founder Jeff Jarrett, and Jarrett's founder Jerry Jarrett were all looking in the mix. Baurer noted that an unnamed celebrity was also looking into purchasing TNA Wrestling.