In an update on the status of Billy Corgan and his attempted purchase of the National Wrestling Alliance, PWInsider.com reports that Corgan is indeed the new owner of the company now but he's going to wait until licensing agreements with other companies expire before he starts to take control over the promotion. This should happen some time in October, although Corgan will also be busy preparing for an upcoming music tour.

Still no word on what exactly Corgan might have planned for the NWA.