The NWA is not shutting down.
Raven made headlines on Thursday when he stated that he had heard through the grapevine that NWA President Billy Corgan would be shutting down the promotion, saying Corgan had become "disillusioned."
Addressing the rumors that NWA would be shutting down, Corgan took to Instagram to clear things up.
He wrote, "A quick note about the National Wrestling Alliance, which I fought for, and won ownership of a few years back. We are NOT shutting down. So please disregard any and all rumor to effect. The @NWA is not and will not be for sale, and those talent who are under contract remain under contract for a reason: which is that we at the NWA are trying to figure out a way to provide our great fans with wrestling content in a very, very tough environment. And, most importantly, keep our talent safe and the standard of production you’ve come to expect from us at a high level. Anything less, in my opinion, is unacceptable. So yes, appreciate the interest, appreciate the chatter, but don’t appreciate the unsourced rumors and speculation"
NWA suspended its live event operations due to the COVID-19 pandemic.
The company cut ties with Vice President David Lagana after he was accused of sexual assault and reportedly offered releases to anyone who wanted one. The promotion had gone silent on digital platforms, not tweeting since June 24 and uploading nothing to its YouTube channel since June 18.
NWA has not announced any future plans or shows.