Purchase Of The NWA By Billy Corgan In Jeopardy?
Updated: Aug 15
The eventual sale of the National Wrestling Alliance to Smashing Pumpkins Front-man Billy Corgan may be in jeopardy, according to reports. Corgan commented that said sale was 97% completed, in a recent interview with PWInsider.com, but apparently there are underlying issues regarding the transfer of existing copyrights and trademarks of the NWA.
The copyrights and trademarks under NWA President Bruce Tharpe's brand 'International Wrestling Corporation LLC' lapsed last year, but a new application was submitted on March 30th, 2017, so legally the trademark cannot be transferred to Billy Corgan due to the copyrights and trademarks not being officially assigned.
Wrestling fans will have to see what happens with the NWA short term, if this deal does not go through right away.
Follow us on Twitter @PW_Slam, to get the latest news in the world of professional wrestling, like us on Facebook, subscribe to our Official YouTube Channel and follow us on Instagram. To submit wrestling news email email@example.com and be sure to check out our Official Pro Wrestling Tees Store to pick up some Pro Wrestling Slam! Merchandise, also be sure to listen to the Pro Wrestling Slam! Podcast on Anchor.fm.