Billy Corgan Reveals WWE Turned Down Buying The NWA
"They thought it was so worthless that they didn't even just buy it just to take it off the market"
WWE turned down the opportunity to purchase the National Wrestling Alliance, Billy Corgan has revealed.
The Smashing Pumpkins frontman bought the NWA in 2017 and he noted during an appearance on Talk Is Jericho that the person he bought it from "certainly offered it to WWE."
"I'm proud to carry the mantle of the business in this way. It's a very specific thing, and of course, the business is far different than it was in the heyday of the NWA. There's no pretend there. When I bought the NWA and that was coming out of the whole situation with TNA and the debacle and lawsuits, and there was a lot of kind of public acrimony there," Corgan said.
"And then I purchased NWA. Crazily enough, it was owned by one person. It was so devalued. He tried to sell it to everybody. Nobody wanted it, as far as I know. He certainly offered it to WWE. They thought it was so worthless that they didn't even just buy it just to take it off the market," he continued.
"Then when I bought it, Jim Cornette and other people, and I loved Jim. 'What the hell did he buy? He might as well have bought air. He bought three worthless letters.' A lot of that type of stuff and certainly I sat around at one point and thought, 'Well, if I started, Billy Corgan Wrestling or SP Wrestling', and I thought, no, I want the history. I'll take that history. I'll take that on. I like the challenge of that."
Since purchasing the company, Corgan has turned the NWA into its own standalone promotion and their weekly programme 'Power' airs on FITE TV.
H/T to Wrestling Inc.