Billy Corgan Purchases Minority Ownership of TNA Wrestling
Smashing Pumpkins frontman and long-time professional wrestling fan and creative mind Billy Corgan has OFFICIALLY purchased a minority share of TNA Wrestling ownership, according to a new report from PWInsider.com. Corgan, 49, has been with the company for a little over a year already, working backstage in Creative and Talent Development.
There have been rumors and speculation for months about TNA looking to sell ownership to keep Impact Wrestling afloat in the U.S. However, persistence from current company President Dixie Carter on maintaining her majority share in the promotion have ultimately materialized nothing – until now. This deal will obviously see Corgan’s decision-making powers within TNA increase dramatically, while Carter retains majority owner.