Bret Buchanan of AlternativeNation.net reports that the frontman of the rock band Smashing Pumpkins & Resistance Pro Wrestling owner Billy Corgan is the potential TNA buyer. Buchanan wrote that he heard from a second hand source that Corgan is far along in his talks to buy TNA. This source went as far to say that he believes it is a done deal that Corgan will buy TNA.
Dave Meltzer of The Wrestling Observer Newsletter stated that there’s not much to the rumors because Billy Corgan wouldn’t have the money needed to buy TNA & carry it.
F4Wonline.com said that Corgan was not the leading candidate to buy TNA as of a few days ago.
Wrestling News Blog 
I think Billy Corgan would be a great choice to buy TNA. If he doesn’t have the money maybe he could find some partners or backers to make it happen.
Interesting info John….. Billy has wanted to start a bigger wrestling company for several years. He has even considered taking a small promotion he started and pitching a show idea to NBC at one point. I think he would be a good choice to take the reigns of TNA. Already having the established relationship with Spike TV might prove to be useful.