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Billy Corgan buys the National Wrestling Alliance  Rate Topic 
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 Posted: Tue May 2nd, 2017 01:35 am
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BuddyPSHayes



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He bought the name and the memories. At best, it'll be just another indy who can claim that their "world championship" can be traced back to Flair, Race, Thezs, etc.



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 Posted: Tue May 2nd, 2017 01:39 am
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Is tharpe still running the NWA classics website?



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 Posted: Tue May 2nd, 2017 11:32 am
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bpickering
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Franchise wrote: Is tharpe still running the NWA classics website?
Yeah it's still running



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 Posted: Tue May 2nd, 2017 12:06 pm
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bpickering
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Bruce Tharpe:

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!



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 Posted: Tue May 2nd, 2017 03:06 pm
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It sounds like all Billy Corgan has bought is the NWA name. I hope he didn't pay more than $10 for it. At this stage, "Billy Corgan presents Wrestling" has more name value than "National Wrestling Alliance"



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 Posted: Tue May 2nd, 2017 03:23 pm
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bpickering
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As PWInsider.com broke yesterday, Smashing Pumpkins frontman Billy Corgan has agreed in principal to purchase the rights and assets of the National Wrestling Alliance.

For those who have asked, PWInsider.com has confirmed that there are zero tape libraries involved in the purchase and that the NWA On Demand streaming website (which utilizes the Boesch family library from Houston) is also not involved. Corgan is not buying any footage as part of this purchase we are told.

We are told that the plan, once Corgan and the NWA finalize the sale and Corgan owns the assets, is for Corgan to evalutate and assess the brand and build a plan for going forward. We are told this is not a situation where Corgan will buy the brand and the next day, start making big moves. This is the first in many, many steps.

Dave Lagana is 100% on board with the project and is working with Corgan. No word yet on Matt Conway. Given that Lagana has been putting so much work into creating documentaries, one would assume that sort of presentation is part of their plan for the NWA as they move forward.

For those who have asked what happens to the NWA members, well, there are no members anymore. Under Bruce Tharpe, the organization was instead selling licenses for promoters to use the NWA initials. We are told that those licenses will eventually expire. Tharpe controls 100% of the NWA brand name, so he would have the complete right to sell the brand and its trademarks without anyone else trying to veto the move.

There has been no talk of talents on board with the Corgan NWA project yet at all. We are told they are focusing on completing the sale and building their plans and strategies for the NWA brand name.



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 Posted: Tue May 2nd, 2017 03:30 pm
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srossi

 

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I'd really love to know how much Corgan paid just to get the NWA letters.  There's nothing included in this deal and I didn't realize that Tharpe was just selling licenses.  I don't see how this could be worth more than a couple thousand dollars, but I'm willing to bet Corgan paid substantially more. 



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 Posted: Thu May 4th, 2017 03:33 pm
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martini
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Wow, he bought the three letters and nothing else. At most, he shouldn't have paid more than $100,000.

I'm betting he did, though, after learning how much he pumped into TNA.



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 Posted: Mon May 15th, 2017 01:28 pm
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bpickering
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Smashing Pumpkins frontman Billy Corgan has officially signed an agreement to purchase the National Wrestling Alliance from Bruce Tharpe, PWInsider.com has confirmed. The deal will see Corgan purchase the name, rights,and trademarks to the NWA as well as the rights and possession of the NWA championship belt.

PWInsider.com has also confirmed that the deal has now been configured to include Tharpe's position in the NWA on Demand VOD service as well as the Paul Boesch wrestling library. The actual ownership of the library remains with the Boesch family, as it had while Tharpe was utilizing it, but now Corgan would have the same rights and responsibilities that formerly applied to Tharpe.

Corgan's purchase would end a five year ownership of the brand under Bruce Tharpe, who gained control after his International Wrestling Corp, LLC, sued the NWA and a number of its banner members in 2012, alleging insurance fraud regarding the liability insurance policy that was shared among NWA members. In a legal maneuver that has yet to ever be explained publicly, Tharpe was able to leverage the lawsuit into gaining ownership of the NWA brand.

Tharpe's role going forward has yet to be revealed but all signs are under Corgan, while all aspects of the NWA will be examined, there are not expected to be any major changes made immediately. We are told that everything is being looked upon as a long-term move, so don't expect any massive overhauls right out of the gate. It will be business as usual for the NWA and promoters who are licensing the name.

Formed in 1948, at one point the National Wrestling Alliance was the largest and most well known governing body in professional wrestling, a group put together by promoters to share one World champion and help share talent and protect each other's interests. The NWA Board of Directors would control who the shared World champion was and winning the belt was legitimately a feat in itself, because the champion was chosen for legitimate toughness, drawing power and the ability to enter member areas and help spark their business. For decades, the NWA champion was considered the most important champion in the business, often touring and traveling the world to defend the belt for member promotions. For older fans, the NWA championship was the belt in professional wrestling and was the measuring stick for greatness and what defined old school professional wrestling.

A lifelong pro wrestling fan, Corgan has flirted with his involvement in professional wrestling for years. In the late 1990s, he made numerous appearances for the original Extreme Championship Wrestling but rebuffed Paul Heyman's invitation to purchase 10% of the company for $1 million, feeling that the company wasn't worth $10 million at the time. At one point, Corgan acquired the ownership of the old Bob Luce wrestling library, comprised of material from the time period Luce was promoting professional wrestling at The International Amphitheater in Chicago.

Corgan would later get involved in Chicago's Resistance Pro, working in creative and acquiring a deal to bring that promotion to AMC as part of a reality series before AMC opted to shut down its reality TV end. Corgan would later pull out of Resistance Pro. He would serve for a time as the President of TNA Wrestling as well as the head of creative, a time period that led to him famously suing to gain control of the company from Dixie Carter. Anthem Media, which ended up purchasing TNA (now Impact) came to a settlement with Corgan, repaying his investment into the company last year.



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 Posted: Mon May 15th, 2017 02:01 pm
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martini
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So, he is leasing the rights to a tape library.

And he bought a dead name and a $1,500 title belt and little else?



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 Posted: Tue May 16th, 2017 01:14 am
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DJP

 

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Corgan's purchase would end a five year ownership of the brand under Bruce Tharpe, who gained control after his International Wrestling Corp, LLC, sued the NWA and a number of its banner members in 2012, alleging insurance fraud regarding the liability insurance policy that was shared among NWA members. In a legal maneuver that has yet to ever be explained publicly, Tharpe was able to leverage the lawsuit into gaining ownership of the NWA brand.

It was explained publicly by Bill Behrens and the interview is on YouTube. The parent organization ran out of money trying to fight the lawsuit, which was filed in Tharpe's home jurisdiction of Brownsville, TX and the court refused to have it moved. The NWA promoters would've had to have gone out of pocket to keep going and since the only asset was the trademark, they threw in the towel and turned it over to Tharpe in the settlement.



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 Posted: Sat Jun 3rd, 2017 12:04 pm
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bpickering
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Last week, Billy Corgan described his purchase of The National Wrestling Alliance as "97%" done during an interview with yours truly, but that last three percent is turning out to be quite the hurdle to clear, PWInsider.com has learned.

Corgan has been in the process of purchasing the NWA from Bruce Tharpe with the deal including the name, rights and trademarks to the NWA as well as the rights and possession of the NWA championship belt and Tharpe's position in the NWA on Demand VOD service as well as the Paul Boesch wrestling library. The actual ownership of the library remains with the Boesch family, as it had while Tharpe was utilizing it, but once the deal was to have been completed, Corgan would then have the same rights and responsibilities that had formerly applied to Tharpe.

Multiple sources have told PWInsider.com that the deal is described as "in jeopardy" due to issues regarding the transfer of the existing copyrights and trademarks for the National Wrestling Alliance.

PWInsider.com research indicates that the copyright and trademark on the brand name lapsed last year with his International Wrestling Corp, LLC applying for it again on March 30th of this year. The trademark has not been officially assigned, theoretically making it impossible for them to be transferred to Corgan.

Should the deal not go through, it remains to be seen what happens short and long term with the Alliance, although one would assume that Tharpe would continue on with the On Demand service and with licensing the name brand out annually to independent promoters interested in utilizing the NWA name.

In recent weeks, Dave Lagana, who has partnered with Corgan on their NWA plans, had been in regular contact with independent promotions that have licensed the NWA name from Tharpe, seeking to build relationships with the different licensees.



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"22 years of my fucking life just got fucking ruined!!!!"---Fan outside Wrestlemania XXX

PRO WRESTLING HALL OF FAME: http://www.angelfire.com/pa5/old (updated December 10 2017)

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 Posted: Sat Jun 3rd, 2017 05:53 pm
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DJP

 

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All of the NWA related trademarks previously registered to Pro Wrestling Organization, LLC with the USPTO that were assigned to Tharpe's International Wrestling Corp., LLC  as a result of the settlement are dead. In addition to the application that is still pending, Tharpe applied for two other trademarks for "National Wrestling Alliance"  that were registered and are still live.

It was also revealed by former NWA President Howard Brody on Jim Cornette's podcast that in 1998 when the NWA was doing business with the WWF that the two entities signed a contract giving Titan Sports (now WWE) the right to use the NWA trademarks in perpetuity whenever they want and is still in effect to this day. According to former NWA promoter Fred Rubinstein, they also signed similar agreements with Zero One in Japan and TNA, but the agreement with TNA was cancelled when the two organizations split in 2007 save for the right to continue airing archival footage containing the NWA intellectual property without having to pay royalties.

Last edited on Sat Jun 3rd, 2017 05:55 pm by DJP



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 Posted: Mon Sep 25th, 2017 01:35 pm
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srossi

 

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PWInsider:

The National Wrestling Alliance era under Billy Corgan's ownership will officially kick off on 10/1.  

All of the member promotions who had licenses to use the NWA initials and branding under the company's Bruce Tharpe ownership will end the day before.  

Going forward as of 10/1, the NWA will be whatever it is deemed to be under Corgan and Dave Lagana's leadership.

As part of that transition, the NWA On Demand streaming service will be shutting down.  This a by-product of Corgan's purchasing Tharpe's interest in the Paul Boesch Houston territory library.  The ownership of the library still remains with the Boesch family but Corgan will have the ability to control the library going forward.

As part of the new regime, NWA champion Tim Storm appeared at last night's Championship Wrestling Hollywood taping in California, doing an angle where Nick Aldis confronted him.  That is the first time the NWA title has been featured in CWH since Tharpe took ownership of the NWA organization.  Marquez had formerly been a huge cheerleader for the NWA brand and title and had been the core promotion that built the Adam Pearce vs. Colt Cabana feud that was chronicled in the Seven Levels of Hate documentary.

Last edited on Mon Sep 25th, 2017 01:35 pm by srossi



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 Posted: Mon Sep 25th, 2017 03:19 pm
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martini
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srossi wrote: PWInsider:

The National Wrestling Alliance era under Billy Corgan's ownership will officially kick off on 10/1.  

All of the member promotions who had licenses to use the NWA initials and branding under the company's Bruce Tharpe ownership will end the day before.  

Going forward as of 10/1, the NWA will be whatever it is deemed to be under Corgan and Dave Lagana's leadership.

As part of that transition, the NWA On Demand streaming service will be shutting down.  This a by-product of Corgan's purchasing Tharpe's interest in the Paul Boesch Houston territory library.  The ownership of the library still remains with the Boesch family but Corgan will have the ability to control the library going forward.

As part of the new regime, NWA champion Tim Storm appeared at last night's Championship Wrestling Hollywood taping in California, doing an angle where Nick Aldis confronted him.  That is the first time the NWA title has been featured in CWH since Tharpe took ownership of the NWA organization.  Marquez had formerly been a huge cheerleader for the NWA brand and title and had been the core promotion that built the Adam Pearce vs. Colt Cabana feud that was chronicled in the Seven Levels of Hate documentary.

So Magnus is going to win the belt in short order from Storm.



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