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» WrestlingClassics.com Message Board » Professional Wrestling & General Discussion 2010 - Current » Billy Corgan purchases National Wrestling Alliance (Page 1)

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Author Topic: Billy Corgan purchases National Wrestling Alliance
Matt Farmer from WA
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Billy Corgan just purchased the National Wrestling Alliance as reported by Mike Johnson with PWInsider.com

Besides the name, what are you buying?

Not sure who is the bigger mark, Corgan or the promoters that still pay NWA membership dues?

It's dead people. Let it die.

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Crimson Mask from FL
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Given the brilliant job he did at TNA, I suspect your wish's gonna be granted.

So long from the Sunshine State!

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So long from the Sunshine State!

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Armageddon_T_Thunderbird
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As the long time uncrowned NWA champion, I'd like to welcome our new overlord and hope he gets to see this post and send me the belt so I may begin to defend it all over this great country.

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Your uncrowned NWA Heavyweight Champion of the World.

"One day I was walking and found this big log. Then I rolled the big log over and underneath was a tiny, little stick, and I was like, that log had a child!" - Yoda

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FantasyWrestlerDrew
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Don't really have an opinion of the actual purchase but i would love to know what he paid. I mean he basically bought nothing? A name? Was there an NWA trademark? I am dying to know how much Tharpe got.
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Curt Injurker
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I have a goofball friend who's Dad left him with a pile of Telecom dough.

He's bought game-worn jerseys, a ton of Ali memorabilia, and the car from a very prominent television show from his youth. I think it's goofy, but he likes it.

I lead with that to say that, in a world where people of affluence pay ridiculous amounts of money to own mementos that are valuable to them, I can't think of many things that would be cooler to a wrestling fan of a certain age to say than "I own the NWA."

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sad dog cuzz sawyer from IL
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I hope his tax guy told him he needed a huge write off. Is this the worst wrestling purchase since Lawler sold Memphis in the mid 90's?

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Be yourself and look yourself in the mirror with pride each day. If you were to die today what would your fellow man say about you?? Mark Markley-gone but never forgotten

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gulascantfoolus
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So does he get the footage too?

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gulascantfoolus is the greatest
user name EVER regardless of any silly contest

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DaClyde
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I wonder if that means he owns the bits of the NWA tape library that has slowly been added to NWAOnDemand.com?

Whatever he got, I doubt he's out more than $500K total.

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-JasonP

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Armageddon_T_Thunderbird
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Source: PWInsider

Former TNA Wrestling President and Smashing Pumpkins frontman Billy Corgan has agreed to purchase the historic National Wrestling Alliance. Corgan has a deal that would see him purchase the NWA name, rights, trademarks as well as rights and possession of the legendary NWA title belt.

No word yet on when Corgan will begin running the company or what he has in store for the various NWA member promotions, or the NWA On Demand streaming service, but we will keep you updated.


Possession of the legendary NWA belt? Isn't the old belt in Flair's or HHH's collection?

Back when Anthem bought TNA, everyone was saying to rename it because of the stain of TNA. I thought that Anthem should have also bought the NWA rights and find some big free agent out there (like Ryback) to become the NWA champ, then do an invasion angle (even though it's been done to death) and do a rehash of the USWA vs WCCW angle where TNA loses and becomes the NWA. Then, the NWA would have an actual show and tv deal, so to speak.

[ 05-01-2017, 10:44 AM: Message edited by: Armageddon_T_Thunderbird ]

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Your uncrowned NWA Heavyweight Champion of the World.

"One day I was walking and found this big log. Then I rolled the big log over and underneath was a tiny, little stick, and I was like, that log had a child!" - Yoda

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Tatsuya
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I know The Smashing Pumpkins had a couple of big selling albums but how rich is this dude that he could throw around most likely a not so trivial amount of money at stuff like this and TNA. Does he have backers?
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Shaving Weezie Jefferson
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Tonight he's gonna party like it's "1979."

 -

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"Okay fun is fun but enough is enough, and so on. We do not need half the front page beening Tocus threads. The old ones have been kicked over to the Markley forum...otherwise the whole gimmick can go over there." --Crimson Mask, 3/18/11

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Shaving Weezie Jefferson
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quote:
Originally posted by DaClyde:
I wonder if that means he owns the bits of the NWA tape library that has slowly been added to NWAOnDemand.com?

Whatever he got, I doubt he's out more than $500K total.

Wasn't Bruce just licensing that from Peter Birkholz?

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"Okay fun is fun but enough is enough, and so on. We do not need half the front page beening Tocus threads. The old ones have been kicked over to the Markley forum...otherwise the whole gimmick can go over there." --Crimson Mask, 3/18/11

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TerryR
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quote:
Originally posted by Tatsuya:
I know The Smashing Pumpkins had a couple of big selling albums but how rich is this dude that he could throw around most likely a not so trivial amount of money at stuff like this and TNA. Does he have backers?

I think I read not too long ago he has $20 million.
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mr. disco
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Those celebrity net worth sites, no idea how accurate they are, show Corgan as being worth $50 million. He could drop a couple hundred grand on a trademark.

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"Just because you ain't paranoid don't mean they ain't out to get you." - Steve Earle

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Shaving Weezie Jefferson
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quote:
Originally posted by Tatsuya:
I know The Smashing Pumpkins had a couple of big selling albums but how rich is this dude that he could throw around most likely a not so trivial amount of money at stuff like this and TNA. Does he have backers?

Billy's got a net worth of about $50M. He's made steady bank touring for 25 straight years.

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"Okay fun is fun but enough is enough, and so on. We do not need half the front page beening Tocus threads. The old ones have been kicked over to the Markley forum...otherwise the whole gimmick can go over there." --Crimson Mask, 3/18/11

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sad dog cuzz sawyer from IL
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quote:
Originally posted by Shaving Weezie Jefferson:
quote:
Originally posted by DaClyde:
I wonder if that means he owns the bits of the NWA tape library that has slowly been added to NWAOnDemand.com?

Whatever he got, I doubt he's out more than $500K total.

Wasn't Bruce just licensing that from Peter Birkholz?
If it's 500 k that is still less than the interest money he received when he sued TNA. Some places on the net say he has a net worth of 50 million while others say 20 to 30 million.

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Be yourself and look yourself in the mirror with pride each day. If you were to die today what would your fellow man say about you?? Mark Markley-gone but never forgotten

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Dan P-170
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quote:
Originally posted by Armageddon_T_Thunderbird:
Source: PWInsider

Former TNA Wrestling President and Smashing Pumpkins frontman Billy Corgan has agreed to purchase the historic National Wrestling Alliance. Corgan has a deal that would see him purchase the NWA name, rights, trademarks as well as rights and possession of the legendary NWA title belt.

No word yet on when Corgan will begin running the company or what he has in store for the various NWA member promotions, or the NWA On Demand streaming service, but we will keep you updated.


Possession of the legendary NWA belt? Isn't the old belt in Flair's or HHH's collection?

Flair retained possession of the 70s/80s Domed Globe after the Big Gold was commissioned. He got into trouble some years back when it was revealed that he put it up as collateral for two different companies he owed money too, one of which was Highspots. It was later acquired by Triple H and now sits on display in a glass case at Titan Towers.

[ 05-01-2017, 11:12 AM: Message edited by: Dan P-170 ]

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Dan P-170
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quote:
Originally posted by Shaving Weezie Jefferson:
quote:
Originally posted by DaClyde:
I wonder if that means he owns the bits of the NWA tape library that has slowly been added to NWAOnDemand.com?

Whatever he got, I doubt he's out more than $500K total.

Wasn't Bruce just licensing that from Peter Birkholz?
I believe that's correct.
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chgowolvs44
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quote:
Originally posted by Shaving Weezie Jefferson:
quote:
Originally posted by Tatsuya:
I know The Smashing Pumpkins had a couple of big selling albums but how rich is this dude that he could throw around most likely a not so trivial amount of money at stuff like this and TNA. Does he have backers?

Billy's got a net worth of about $50M. He's made steady bank touring for 25 straight years.
And he dresses like he's got a net worth of about $50.00. Which, in all fairness, may have something to do with why he can whiz money away on wrestling promotions.

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"A spokesman for the NYPD said the police were exercising their right to defend themselves from charging protesters who...were armed with dangerous ideas" Keith Olbermann RE:NYPD over reaction to OWS protests

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White Fang from WA
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quote:
Originally posted by sad dog cuzz sawyer from IL:
I hope his tax guy told him he needed a huge write off.

Tax write offs are one of the main reasons a lot of things get done. Rick Rubin (or even Tom Byron) minus the tax write off = no SMW (or XPW). Plenty of wealthy people are advised exactly how much they need to **** away in order to make their tax bill more palatable.

As Curt Injurker says, if it gives someone like him pleasure it's not so stupid, especially if his lawyer told him he has to lose a few hundred thou to offset some actual profitable investments.

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The reason raindances work is because they don't stop dancing until it rains.

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djkm77
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In the 1970's half the NBA owners had teams for tax write off purposes only. It wasn't until the early to mid 80's that they got their tv deals and made any real money.
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brawler2711
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This just in.

Fleetwood Mac purchases ROH.

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Sir Tojo: "I used Brut in the late '60's-early '70's. Used to splash it all over my crotch area after a shower--no joke.I used to get some funny reactions to that back in my early 20's. Fond memories."

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sad dog cuzz sawyer from IL
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quote:
Originally posted by brawler2711:
This just in.

Fleetwood Mac purchases ROH.

False news. Mac is in to barb wire and are in negotiations to buy Ian Rottens IWA

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Be yourself and look yourself in the mirror with pride each day. If you were to die today what would your fellow man say about you?? Mark Markley-gone but never forgotten

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dthcm
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Ironically, Corgan is or was working with Rick Rubin on a solo record or album or whatever those things are called today.
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Shaving Weezie Jefferson
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quote:
Originally posted by dthcm:
Ironically, Corgan is or was working with Rick Rubin on a solo record or album or whatever those things are called today.

They're still records and they're still albums.

A record being the process of committing something for historical purposes (which can be a written record, an audio record, a visual record, etc).

And an album is a collection of things (a music album, a photo album, etc).

For some reason people think "record" or "album" are synonyms of vinyl. Not the case. The records, or albums, were released on vinyl, then 8-track, then cassette tape, then CD, then digitally. But they're still records and they're still albums.

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"Okay fun is fun but enough is enough, and so on. We do not need half the front page beening Tocus threads. The old ones have been kicked over to the Markley forum...otherwise the whole gimmick can go over there." --Crimson Mask, 3/18/11

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dthcm
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quote:
Originally posted by Shaving Weezie Jefferson:
quote:
Originally posted by dthcm:
Ironically, Corgan is or was working with Rick Rubin on a solo record or album or whatever those things are called today.

They're still records and they're still albums.

A record being the process of committing something for historical purposes (which can be a written record, an audio record, a visual record, etc).

And an album is a collection of things (a music album, a photo album, etc).

For some reason people think "record" or "album" are synonyms of vinyl. Not the case. The records, or albums, were released on vinyl, then 8-track, then cassette tape, then CD, then digitally. But they're still records and they're still albums.

Thanks
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Matt Farmer from WA
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quote:
Originally posted by Shaving Weezie Jefferson:
quote:
Originally posted by DaClyde:
I wonder if that means he owns the bits of the NWA tape library that has slowly been added to NWAOnDemand.com?

Whatever he got, I doubt he's out more than $500K total.

Wasn't Bruce just licensing that from Peter Birkholz?
That's been told before, but Birkholz denies it.
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Crimson Mask from FL
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quote:
Originally posted by Shaving Weezie Jefferson:
quote:
Originally posted by dthcm:
Ironically, Corgan is or was working with Rick Rubin on a solo record or album or whatever those things are called today.

They're still records and they're still albums.

A record being the process of committing something for historical purposes (which can be a written record, an audio record, a visual record, etc).

And an album is a collection of things (a music album, a photo album, etc).

For some reason people think "record" or "album" are synonyms of vinyl. Not the case. The records, or albums, were released on vinyl, then 8-track, then cassette tape, then CD, then digitally. But they're still records and they're still albums.

It is so.

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So long from the Sunshine State!

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Robot Monster
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quote:
Originally posted by Shaving Weezie Jefferson:
quote:
Originally posted by dthcm:
Ironically, Corgan is or was working with Rick Rubin on a solo record or album or whatever those things are called today.

They're still records and they're still albums.

A record being the process of committing something for historical purposes (which can be a written record, an audio record, a visual record, etc).

And an album is a collection of things (a music album, a photo album, etc).

For some reason people think "record" or "album" are synonyms of vinyl. Not the case. The records, or albums, were released on vinyl, then 8-track, then cassette tape, then CD, then digitally. But they're still records and they're still albums.

Seems like this is something that varies by region/generation, i.e. "pop"/"soda" or "sneakers"/"tennis shoes." Where I grew up, people said "album" in reference to cassettes and CDs but NO ONE said "record." There was a local "record store" but it didn't sell (vinyl) records, and no one ever mentioned "records" unless actually saying the name of the store.
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Someone from Rwanda
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Sounds like it's time for Mike Rapada to dust off the boots.
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Shaving Weezie Jefferson
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quote:
Originally posted by Robot Monster:
quote:
Originally posted by Shaving Weezie Jefferson:
quote:
Originally posted by dthcm:
Ironically, Corgan is or was working with Rick Rubin on a solo record or album or whatever those things are called today.

They're still records and they're still albums.

A record being the process of committing something for historical purposes (which can be a written record, an audio record, a visual record, etc).

And an album is a collection of things (a music album, a photo album, etc).

For some reason people think "record" or "album" are synonyms of vinyl. Not the case. The records, or albums, were released on vinyl, then 8-track, then cassette tape, then CD, then digitally. But they're still records and they're still albums.

Seems like this is something that varies by region/generation, i.e. "pop"/"soda" or "sneakers"/"tennis shoes." Where I grew up, people said "album" in reference to cassettes and CDs but NO ONE said "record." There was a local "record store" but it didn't sell (vinyl) records, and no one ever mentioned "records" unless actually saying the name of the store.
Not really a regional thing. And it doesn't matter what they said/say. Simple fact is, a "record" is a record of something. An "album" is a collection of those things. Nothing's gonna change that. Not even God Almighty Hisowndamnself.

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"Okay fun is fun but enough is enough, and so on. We do not need half the front page beening Tocus threads. The old ones have been kicked over to the Markley forum...otherwise the whole gimmick can go over there." --Crimson Mask, 3/18/11

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FantasyWrestlerDrew
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Am I remembering this incorrectly but didn't Tharpe go to WWE HQ and meet with HHH about a potential sale but his price was so high that even WWE wouldn't pay it? I thought it was about selling NWA by I can't for sure remember.
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Shaving Weezie Jefferson
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quote:
Originally posted by FantasyWrestlerDrew:
Am I remembering this incorrectly but didn't Tharpe go to WWE HQ and meet with HHH about a potential sale but his price was so high that even WWE wouldn't pay it? I thought it was about selling NWA by I can't for sure remember.

If "too high" turns out to be some ungodly low number, we'll know the true value of "the NWA."

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"Okay fun is fun but enough is enough, and so on. We do not need half the front page beening Tocus threads. The old ones have been kicked over to the Markley forum...otherwise the whole gimmick can go over there." --Crimson Mask, 3/18/11

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Shaving Weezie Jefferson
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And I've said for years, the value of the NWA name and history is only worth the stories that can be created and marketed around that name and history.

Sad truth is though, every time a Jack Brisco or Dusty Rhodes or Roddy Piper dies, you lose an opportunity to trot out an "NWA legend" and use them to get a younger star over as part of "that tradition." And the people who were fans when the name meant something? Most of them have gone away too.

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"Okay fun is fun but enough is enough, and so on. We do not need half the front page beening Tocus threads. The old ones have been kicked over to the Markley forum...otherwise the whole gimmick can go over there." --Crimson Mask, 3/18/11

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Dan P-170
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quote:
Originally posted by FantasyWrestlerDrew:
Am I remembering this incorrectly but didn't Tharpe go to WWE HQ and meet with HHH about a potential sale but his price was so high that even WWE wouldn't pay it? I thought it was about selling NWA by I can'rt for sure remember.

They had a meeting at the Performance Center but I think it had to do with the Houston library.

Back in 1998 Titan Sports, now WWE, and Pro Wrestling Organization, LLC, then parent company of the NWA, signed an agreement giving the former or any successors perpetual use of the NWA trademark. A similar agreement was made with Zero One in Japan. TNA also had one but agreed to waive that right when the two parties ended their relationship in 2007.

[ 05-01-2017, 07:29 PM: Message edited by: Dan P-170 ]

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CrusherBolo
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I'm thinking about buying the AWA. Can someone borrow me a quarter?
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Robot Monster
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quote:
Originally posted by Shaving Weezie Jefferson:
quote:
Originally posted by Robot Monster:
quote:
Originally posted by Shaving Weezie Jefferson:
quote:
Originally posted by dthcm:
Ironically, Corgan is or was working with Rick Rubin on a solo record or album or whatever those things are called today.

They're still records and they're still albums.

A record being the process of committing something for historical purposes (which can be a written record, an audio record, a visual record, etc).

And an album is a collection of things (a music album, a photo album, etc).

For some reason people think "record" or "album" are synonyms of vinyl. Not the case. The records, or albums, were released on vinyl, then 8-track, then cassette tape, then CD, then digitally. But they're still records and they're still albums.

Seems like this is something that varies by region/generation, i.e. "pop"/"soda" or "sneakers"/"tennis shoes." Where I grew up, people said "album" in reference to cassettes and CDs but NO ONE said "record." There was a local "record store" but it didn't sell (vinyl) records, and no one ever mentioned "records" unless actually saying the name of the store.
Not really a regional thing. And it doesn't matter what they said/say. Simple fact is, a "record" is a record of something. An "album" is a collection of those things. Nothing's gonna change that. Not even God Almighty Hisowndamnself.
Not really looking to get on this, but language isn't a math equation. The meanings of words are constantly changing. In terms of what a word means, what people said/say is the only thing that matters.
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Robot Monster
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I REALLY want to know what Jim Cornette's thinking right now, if hearing about it didn't just make his brain disintegrate.
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mikeyosmond
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It'll be interesting to see what he does w/ it.

quote:
Originally posted by Robot Monster:
I REALLY want to know what Jim Cornette's thinking right now, if hearing about it didn't just make his brain disintegrate.

So would I.
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Shaving Weezie Jefferson
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quote:
Originally posted by Robot Monster:
quote:
Originally posted by Shaving Weezie Jefferson:
quote:
Originally posted by Robot Monster:
quote:
Originally posted by Shaving Weezie Jefferson:
quote:
Originally posted by dthcm:
Ironically, Corgan is or was working with Rick Rubin on a solo record or album or whatever those things are called today.

They're still records and they're still albums.

A record being the process of committing something for historical purposes (which can be a written record, an audio record, a visual record, etc).

And an album is a collection of things (a music album, a photo album, etc).

For some reason people think "record" or "album" are synonyms of vinyl. Not the case. The records, or albums, were released on vinyl, then 8-track, then cassette tape, then CD, then digitally. But they're still records and they're still albums.

Seems like this is something that varies by region/generation, i.e. "pop"/"soda" or "sneakers"/"tennis shoes." Where I grew up, people said "album" in reference to cassettes and CDs but NO ONE said "record." There was a local "record store" but it didn't sell (vinyl) records, and no one ever mentioned "records" unless actually saying the name of the store.
Not really a regional thing. And it doesn't matter what they said/say. Simple fact is, a "record" is a record of something. An "album" is a collection of those things. Nothing's gonna change that. Not even God Almighty Hisowndamnself.
Not really looking to get on this, but language isn't a math equation. The meanings of words are constantly changing. In terms of what a word means, what people said/say is the only thing that matters.
Which is why the dictionary changed the word "literally" to mean "figuratively." Which is still 100% incorrect.

If I start calling my butt a flashlight maybe it'll help me see in the dark.

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"Okay fun is fun but enough is enough, and so on. We do not need half the front page beening Tocus threads. The old ones have been kicked over to the Markley forum...otherwise the whole gimmick can go over there." --Crimson Mask, 3/18/11

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