Smashing Pumpkins frontman and former TNA Wrestling President Billy Corgan has agreed in principle to purchase the National Wrestling Alliance, a purchase that would see him purchase the name, rights, trademarks to the NWA, as well as the rights and possession of the NWA Championship belt, according to a report from PWInsider.com.

The report notes that once the deal is finalized, the purchase of the National Wrestling Alliance would be Corgan’s first move within the professional wrestling world since departing TNA Wrestling after he failed to purchase the promotion, however if the move goes ahead, it is unknown as to what will happen with current NWA member promotions, the NWA On Demand service and Corgan’s plans for the future of the company.