In the 90s, Corgan was present at ECW shows and ended up appearing on ECW TV in 2000. Corgan is currently the owner of NWA.
Speaking to Ariel Helwani, Corgan recalled a meeting with Paul Heyman where Heyman offered him part ownership of ECW.
“The backstory is, I was friendly with a lot of the wrestlers, so I knew how much money Heyman owed the wrestlers. Somebody who was my go-between for Heyman and I said ‘he wants to have dinner with you.’ He took me out to a deli in New York. I got the whole vintage Paul Heyman cutting promos to little ol’ Billy Corgan at the deli counter, basically saying, ‘how would you like to be an investor in ECW?’ I said, ‘How much?’ ‘A million dollars.’ ‘What do I get for my million dollars?’ ‘10%.’ ‘Paul, I can do math, and I know ECW is not worth $10 million.’ Of course, I didn’t tell him I knew how much debt ECW was in. The only thing I look back on that story on is, it wasn’t too long after that where ECW went out of business and the McMahons took it over. It would have been funny if I had actually bought 10% because I would have been in a position to negotiate with the McMahons at that point,”
Billy Corgan to Ariel Helwani
ECW would close its doors in April of 2001 with WWE acquiring the assets of the company in 2003.
H/T to Fightful for transcription
Follow Corey at @CoreyBrennanBS on Twitter
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