Billy Corgan addresses the rumors.
Haus of Wrestling reported that NWA was planning to make cuts to their roster and production on November 16.
Speaking with Mike Johnson of PWInsider, Corgan denied the rumor that NWA is planning to make roster cuts.
“None,” Corgan said when asked whether any cuts were planned. “The territorial system being reinstated is partly to make sure that if key roster talents are not in a particular tv taping cycle they keep working in our NWA ecosystem.
“We value everyone that works for us; and some are under contract and some are not, but that doesn’t mean I don’t want everyone working for us all the time. [If I didn’t want them], I would not have invested time (and money by extension) in storylines and promotion of a character they own.”
Corgan also addressed NWA’s financial health and described how he doesn’t answer to anyone about NWA’s expenditures. He explained that he could get additional funding if he had do, as he is having a lot of success elsewhere.
“[The] Financial health is fine. I’m 100 percent owner, still,” Corgan said. “No investors. So I answer to no one on expenditures except myself. For those who have noticed, this has been an incredibly successful period in my musical life; including a massive summer tour in 2023 and two more tours on the books for 2024 with an arena and festival summer run in Europe flowing into stadium tour with Green Day.
“So if I needed additional funding (I don’t currently) I can get it easily, because I also own all my songs as well as my recorded work (what they call ‘masters’) since 2001; and which one could get loans on against future earnings, etc. if needed.”
Billy Corgan Again Says NWA Has Two TV Deals
Additionally, Billy Corgan stated that the NWA has two television deals, but he said how it will plays out remains to be seen.
“As I’ve said I cannot comment on TV deals, but I stand by what I have said previously: which is, we do have two TV deals and nothing has changed in that regard despite countless false reports – and those deals have been in place for a good, good while,” Corgan said. “How that all plays out is yet to come, obviously, and we certainly look forward to that day when the reality (no pun intended) of our situation comes to light.”
NWA will hold the Return to Robarts taping on November 18.
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