Earlier today, rumors began making rounds that NWA was on the verge of shutting down following the departure of VP David Lagana and the effects of the coronavirus pandemic.
In an update, NWA President Billy Corgan took to social media to shoot down these rumors, noting that NWA “is not and will not be for sale.”
“A quick note about the National Wrestling Alliance, which I fought for, and won ownership of a few years back. We are NOT shutting down. So please disregard any and all rumor to effect. The NWA is not and will not be for sale, and those talent who are under contract remain under contract for a reason: which is that we at the NWA are trying to figure out a way to provide our great fans with wrestling content in a very, very tough environment.
“And, most importantly, keep our talent safe and the standard of production you’ve come to expect from us at a high level. Anything less, in my opinion, is unacceptable. So yes, appreciate the interest, appreciate the chatter, but don’t appreciate the unsourced rumors and speculation.”
— William Patrick Corgan (@Billy) July 16, 2020
This rumor was originally started by Raven, who has worked closely with Corgan. We’ll continue to follow this story as it develops right here at WrestlingNews.com.