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Smashing Pumpkins' Billy Corgan New Owner of TNA Wrestling? Can Singer Compete with WWE?

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Nov 06, 2013 12:49 PM EST | James Knight

Billy Corgan

Billy Corgan of The Smashing Pumpkins (Photo : Wikimedia commons )

Billy Corgan has gone from The Smashing Pumpkins to smashing skulls with steel chairs. The rocker currently owns his own independent Chicago-based wrestling organization, called Resistance Pro. Now reports are surfacing that the singer is thinking of buying TNA Impact Wrestling, the second-largest wrestling organization, behind only WWE.

On November 2, Lou D’Angeli, a former WWE employee and a close friend of Corgan's tweeted:

"Is @billy set on buying @IMPACTWRESTLING??? I know he is pretty serious in at least partial, if not, majority ownership."

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TNA might be the second largest wrestling organization in America, but the company has fallen on some hard times lately. TNA has has to let go of talent and reduce it's Pay Per View events to account for its plummeting fiances lately. TNA's current owner, Panda Energy CEO Janice Carter, released a memo to the press that calls the reports “false rumors.” The memo also adds:

“An unfortunate aspect of this business is that there are wrestling ‘reporters’ who consistently post ‘news stories’ without proper facts. I want to assure you these are just rumors and that I am committed to TNA and its future.”

Billy Corgan currently owns his own independent wrestling organization, Resistance Pro, in Chicago. Corgan started Rpro in 2011 after making several appearances in other organizations. The Rpro roster includes former WWE star Colt Cabana and former ECW pro Rhino. Resistance's current heavyweight champion is aptly named "The Ego" A spokesperson for Corgan released a statement to Newsday, saying:

"There is no reason to comment on rumors. Billy is completely focused on Resistance Pro's upcoming 2nd anniversary [show on Nov. 23].”

Do you think Corgan would be a good owner for TNA? Do you think that the rocker could successfully compete with WWE? Let us know your thoughts in the comments section below.

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