Billy Corgan’s Company Acquires Trademark For NWA

NWA - Ron Fuller

PWInsider reports that Billy Corgan’s company Lightning One Inc, which owns everything related to the NWA after Corgan bought it last year, now has the trademark as well. The National Wrestling Alliance trademark was officially registered to Lightning One.

Corgan and NWA Vice President Dave Lagana have been trying to create an audience and restore credibility to the NWA title with their “Ten Pounds of Gold” Youtube series. It has featured current champion Nick Aldis, former champion Tim Storm, Austin Idol and Josephus. It blends the history of the title and character-building while setting up in-ring matches. Aldis is currently on a “crusade” to defend the belt twenty times in sixty days. His next defense is against Tommy Dreamer at the House of Hardcore event on March 24 in Philadelphia.

Lightning One also filed a copyright for The Dumont Network, which once was a rival to ABC and CBS and was the first channel to air pro wrestling. It will likely be used to distribute the NWA online at some point.

Source: 411Mania

NWA – Two Steps w/ Billy Corgan and Nick Aldis – Ten Pounds of Gold

Image result for NWA - Two Steps w/ Billy Corgan and Nick Aldis - Ten Pounds of Gold

2018 sees the return of two iconic brands – Smashing Pumpkins and the NWA. Ten Pounds Of Gold “Two Steps” tells the story of Billy Corgan and NWA Worlds Champion Nick Aldis jockeying for control over the National Wrestling Alliance. The Smashing Pumpkins Shiny and Oh So Bright went on sale Friday on Ljve Nation and at same time – The Aldis Crusade with Ten Pounds Of Gold kicked off with James Ellsworth vs Nick Aldis, new fans are checking out the NWA.

With tickets on sale for the Smashing Pumpkins thirty-six city arena tour; Billy Corgan talks about the importance of this year in his career and future of media. NWA Worlds Champion Nick Aldis lets Corgan know he is taking the lead on the resurgence of the National Wrestling Alliance with The Aldis Crusade with Ten Pounds Of Gold.

Now these two step forward over who is going to take the lead of the NWA in 2018.

NWA posted this below on Twitter last night:

Tickets on sale now for the Smashing Pumpkins SHINY AND OH SO BRIGHT TOUR tour http://www.livenation.com/artists/414…

If this is your first time checking out the NWA, make sure you subscribe – http://www.Youtube.com/NWA

Also the story will be told via the critically acclaimed NWA Ten Pounds of Gold Series. https://www.youtube.com/playlist?list…

Check out the new NWA Network podcast:

iTunes – https://itunes.apple.com/us/podcast/n…

Google Play – https://play.google.com/music/listen#…

Stitcher – https://www.stitcher.com/podcast/nwa-…

Podbean – http://nwanetwork.podbean.com

Soundcloud – https://soundcloud.com/nwanetwork

Billy Corgan On The ‘Backstabbing And Lies’ In TNA, Attempting To Work With Anthem, NWA Purchase

Image result for billy corgan NWA

Billy Corgan spoke with Sports Illustrated‘s “Extra Mustard” section on a number of wrestling topics surrounding his purchase of NWA and his time with TNA. Here are some of the highlights:

Purchasing NWA and taking the long approach with it:

“We want to be part of a new revolution of how wrestling can be consumed by fans and matches can be presented. This NWA brand dates back to 1948. The past few years have not been as kind as we would have liked, but we plan on building this into a powerhouse over time. Our focus is on the NWA plan, and we have a 20-year plan. We’re not going to just come in and throw money around for two years. We’ve learned from the past mistakes of TNA, which we have intimate knowledge of. We’re armed with this knowledge, and we’re setting out to rebuild the brand so a fan that currently doesn’t know anything about the NWA will respect the tradition and also respect what we’re trying to accomplish, like a Ring of Honor or a New Japan. That’s where we are starting, and we’re building from there.”

Trying to work out a deal that would benefit both Anthem and the NWA:

“We’ve made various overtures to Anthem along the way and they’ve made various overtures to me. We haven’t found anything that is ideal, and I’m a firm believer that if a deal doesn’t go both ways, then it’s not a good deal to make. If the NWA was going to be involved in some level with Anthem, we’d want it to be a good way all the way around. We made a very aggressive offer in the last month to go in and help reboot the company. We’d have helped Impact stay more in the lane of the traditional Impact brand, and then set up the NWA as a natural rival, a la Raw versus SmackDown. Unfortunately, we didn’t get where we wanted with that offer.”

Frustration during his time with TNA:

“I was very, very frustrated by the obstacles I faced internally, both culturally and fiscally, at TNA. I dealt with a lot of backstabbing and lies. I was able to push through some things that ended up being successful at TNA, and I was very frustrated because you would think the success would have led to more leverage and further opportunities. But it was exactly the opposite. People were out to get me because I had power. At least now, in this situation, I am my own boss. You have to build your own infrastructure from the bottom up and work with people you really trust. The traditional ‘carny’ aspect of the wrestling business that plagues a lot of companies, and has plagued a company like TNA, are problems that hold the business back. You can’t run an effective business if it’s like Game of Thrones every week.”

You can read the full interview by clicking here.

Source: WrestlingINC

Billy Corgan To Purchase NWA Promotion

Image result for billy corgan nwa

Smashing Pumpkins frontman and former TNA Wrestling President 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.

NWA President Bruce Tharpe took to his Facebook page and wrote the following on the future of the organization:

I am very excited for the future of the NATIONAL WRESTLING ALLIANCE.As everyone knows by now – Billy Corgan and I have agreed on principle regarding his acquisition of the NWA brand. This decision comes after many weeks of negotiation and deep consideration.

Although Billy Corgan may be a fresh face to wrestling – he is an extremely successful businessman and has a deep admiration and respect for the NWA. He is also putting together a very strong team.

With the capital and business acumen that Billy Corgan brings to the table – I am confident that he has the ability to take the NWA to the next level. And I have promised to do all I can to help him succeed. I ask you to join me in supporting the new NWA regime in the future.

I am not leaving wrestling – but after four years at the helm of the NWA – I look forward to stepping back and allowing someone new and passionate to take control of this great and noble organization.

Thank you to everyone who has supported the NWA over the years and during my tenure. I also want to publicly thank Billy Corgan for his confidence and respect for this iconic brand.

The next few months are going to be really exciting for the National Wrestling Alliance – but most of all for the fans!

Source: WrestlingINC

Billy Corgan And Former TNA Writer Meets With ROH

Dave Meltzer noted in the latest issue of The Wrestling Observer Newsletter that Billy Corgan and former TNA head writer Dave Lagana met with ROH three weeks ago in Baltimore, MD. There were no details on what the meeting was about. As noted, Corgan and Anthem Sports & Entertainment reached an agreement last month to pay back Corgan’s loans to TNA and drop his lawsuit against the company. Corgan has expressed interest in continuing to be involved in the business.

Source: WrestlingINC

Billy Corgan Vs. TNA Lawsuit News

Billy Corgan’s lawsuit against TNA parent company Impact Ventures, TNA Wrestling, President Dixie Carter, her husband Serg Salinas and CFO Dean Broadhead was officially dismissed by the Chancery Court in Nashville, TN on December 5th, according to PWInsider. The suit was dismissed at Corgan’s request following the financial settlement with Anthem Sports & Entertainment, parent company of The Fight Network. Chancellor Ellen Hobbs Lyle ruled that Corgan would be responsible for paying all court costs and that the lawsuit was dismissed without prejudice. Corgan is free to re-file the lawsuit at a later date.

Source: WrestlingINC

Billy Corgan Agrees To Settlement With TNA

settlement billy corgan tna wrestling lawsuit

TNA Wrestling is no longer in debt to Billy Corgan … the Smashing Pumpkins frontman released a statement Monday saying he’s agreed to a settlement with the company.

Corgan says, “I’m pleased that an agreement is now in place that allows wrestling operations to continue, for my interest from the start was to provide support, be it material or creative, to such a great roster and crew.”

As previously reported, Corgan was removed as TNA President after losing his fight to obtain ownership. Shortly afterward, he released a statement saying he still hadn’t been re-paid.

Billy adds, “And as I plan on continuing in the business side of pro wrestling, I look forward to seeing where Anthem’s leadership takes the company in 2017, and wish them the best.”

Source: Pro Wrestling Sheet

Billy Corgan Formally Requests Repayment From TNA, Threatens To Convert His Loan To Stock, Auction

Source: WrestlingINC

There was a back and forth on Twitter between Billy Corgan and Anthem Sports & Entertainment yesterday, following the announcement that Corgan is gone from TNA and Anthem has entered into a credit relationship with the company. Dixie Carter is still Chair of the company and will remain the figurehead for the company while Anthem’s Ed Nordholm will essentially be running things. While Corgan is out, he’s still owed money by TNA and his lawsuit is still open.

Corgan returned to Twitter today and isn’t holding back. He corrected one fan meme and said he’s owed $2.7 million, not the reported $1.8 million. Corgan noted that he formally requested repayment of the loan by TNA today and threatened to take what he’s owed to court and convert it to company stock or sell the options to the highest bidder, teasing a “pro wrestling titan,” which could be a WWE mention. Below are Corgan’s new tweets with what was said yesterday for context:

Billy Corgan Removed As TNA President & From Company, Still Hasn’t Been Repaid For Loan

TNA Wrestling announced today that Billy Corgan is no longer President of the company.

Impact Ventures and Fight Network announced their new credit partnership today in a release that states, “The agreement includes the appointment of Anthem Executive Vice President Ed Nordholm to the Impact Ventures Board of Managers.” In the release, it states that Corgan is no longer with TNA.

Here is the statement issued:

Anthem Sports & Entertainment and Impact Ventures Announce Credit Relationship

Toronto, Canada (November 3, 2016) – Anthem Sports & Entertainment Corp. and Impact Ventures, parent company of TNA Impact Wrestling, today announced that Anthem has provided a credit facility to TNA to fund operations.

Anthem Sports & Entertainment Corp. is a global sports media company that operates Fight Network, Impact Wrestling’s exclusive broadcaster in Canada, as well as the exclusive worldwide digital streaming partner for all TNA programming. It is also an equity stakeholder of Impact Ventures.

The agreement includes the appointment of Anthem Executive Vice President Ed Nordholm to the Impact Ventures Board of Managers. The company will be managed by the Board with Mr. Nordholm representing the Board on all major operating and restructuring decisions. Dixie Carter will continue as Chair of the Company, as well as her position on the Board of Managers. Billy Corgan is no longer with the company.

“We have had a successful, long-term partnership with Fight Network as our Canadian broadcaster, and more recently as our global digital partner,” said Dixie Carter. “Anthem’s team has extensive media experience, and I am excited to have that available to us as we plan for the future.”

“We have consistently maintained that investing in content as we grow our distribution is important as a strategic necessity, and working more closely with a strong brand like TNA is in line with that. This financing is an extension of the support we have been providing since the beginning of the year,” said Leonard Asper, CEO of Anthem. “There are tremendous opportunities to support the company’s growth on all platforms and in all media along side Dixie and the incredible talent and staff at TNA.”

Corgan  has NOT  been repaid for the money TNA owes him — the deadline was November 1st — and he was forced out of the presidency position.

Corgan released a statement on Twitter:

Billy Corgan Loses Fight For Control Of TNA, But Lawsuit Will Continue

Source: Pro Wrestling Sheet

Billy Corgan has lost his fight against TNA Wrestling for control of the company, but according to recently filed documents, his lawsuit will continue.

The judge ruled Monday saying Billy was unable to prove the company had become insolvent and the pledge agreement he made with TNA was not enforceable under Tennessee law.

However, the lawsuit will continue on. And if Billy is able to present more evidence moving forward, the outcome of the lawsuit could change in his favor.

The court also ruled saying Dixie keeping Billy out of the loop on discussions with WWE doesn’t necessarily mean she breached their contract — explaining, “The parties have submitted competing and disputed versions of these facts such that the proof is not clear.”

Billy released a statement saying, “For those asking, I’m in no way disappointed in the judges ruling regarding TNA. Rather, I’m grateful the judge considered the case. It’s important to note is these proceedings have brought forth facts which illuminate business practices I have fought against for a reason. And I suggest that a careful reading on the judge’s ruling supports there can be no claim of victory by anyone in a position of authority.”

Read the full ruling below: