Posted by David Damage on Thursday, March 29, 2012
Under: News
According to rumours, TNA Wrestling is having financial difficulties as talent and vendors are frequently paid for their services on a delayed basis.
"Vendors and wrestlers are paid late all the time,", the source said. "Janice Carter controls the purse strings. Only a certain amount of money over what they bring in can be spent and it's prioritized where it goes."
Janice Carter, who is the mother of TNA Wrestling President Dixie Carter, gained complete control of the company's purse strings in 2010 to put a stop to her daughter's lavish spending sprees after the company's financial losses were more than parent company Panda Energy International was willing to tolerate.
In January, Carter set a doctrine of only allowing TNA what is "deemed necessary" in terms of funding as a way to keep financial losses to a minimum.
In : News