WWE Thought NWA Was Worthless So Didn't Buy It

During a recent appearance on Chris Jericho's Talk is Jericho podcast, NWA Owner Billy Corgan claimed that WWE thought the NWA was so worthless they didn't want to buy it.

“I’m proud to carry the mantle of the business in this way. It’s a very specific thing, and of course, the business is far different than it was in the heyday of the NWA. There’s no pretend there. When I bought the NWA and that was coming out of the whole situation with TNA and the debacle and lawsuits, and there was a lot of kind of public acrimony there.

“And then I purchased NWA. Crazily enough, it was owned by one person. It was so devalued. He tried to sell it to everybody. Nobody wanted it, as far as I know. He certainly offered it to WWE. They thought it was so worthless that they didn’t even just buy it just to take it off the market.

“Then when I bought it, Jim Cornette and other people, and I loved Jim. ‘What the hell did he buy? He might as well have bought air. He bought three worthless letters.’ A lot of that type of stuff and certainly I sat around at one point and thought, ‘Well, if I started, Billy Corgan Wrestling or SP Wrestling’, and I thought, no, I want the history. I’ll take that history. I’ll take that on. I like the challenge of that.”