Posted by TNA Wrestling News Staff on Sep 5, 2013
Backstage Update – TNA’s Current Financial Situation

Backstage Update – TNA’s Current Financial Situation

Source: The Wrestling Observer Newsletter

There is still a high level of concern backstage over TNA’s long-term future. Many have been comparing things to original ECW in its dying days. Many employees, especially on the production side, are still waiting to be paid for past work.

Many questions were raised last week when Dixie Carter missed the iMPACT! Wrestling tapings to attend a college football game.

It should be noted that TNA’s main financial backer – Panda Energy – still has billions but they are now putting TNA on a very strict budget. That is the reason for the current re-structuring of the company.

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32 Responses to “Backstage Update – TNA’s Current Financial Situation”

  1. HolsG says:


    • nwoforlife says:

      ditch your self hater wwe kiss my ass member

      • tna24 says:

        nope he right ditch hogan, we dont need to pay hogan top dollar just to be a lame duck GM. hogan was a bad ass as a wrestler not so much as a GM

        • Philly_Cheese says:

          I have to agree, they need to drop HH. In the 90's he was great, but now he's not. He's outlived his glory days several times over. He's done nothing to draw attention to TNA, and really he's done a lot more damage than good.

    • PennyAnd1 says:

      Seriously I don't understand why many are hating on Hogan. I don't like Hogan myself, he sucks as a wrestler and all, but if the Cleveland crowd haven't gave you guys any clue, Hogan still brings in the crowd due to his name alone. He is an Icon, along with Sting, other wrestlers don't get that kind of ovation that old dogs like Hogan & Sting still gets. They make impact legitimate in a way because of their legacy. So quit the whining, because i'm pretty sure TNA won't be as attractive without these guys.

      I also agreed with Hogan in a recent interview that Bischoff should be given the key. Bischoff was the only guy to stick it to Vince McMahon. He knows entertainment.

    • ricky_No1 says:

      I said from day one hogan was a waste of time but if people think letting Hogan go will solve all TNAs problems. Well it wont, but that said, It would be a good start to say the least.

  2. tna4life says:

    Im really tired of reading or seeing a damn article saying TNA is in trouble or are in its dying days. Unless u work for TNA and no the facts please shut the hell up

    • NonameMcgee says:

      Does "many employees are still waiting to be paid for past work" not mean anything to you. I mean how many people in the WWE are stil waiting to be paid for past work? There has to be problems or trouble with TNA finances, and things like people waiting to be paid for past work are signs of companys in their dying days. So you many wanna just get used to the idea that Vince and the E just might end up buying out TNA, it has happend before. I mean i'm just saying……………..

  3. Whatever says:

    I’ll start the bidding

    $100 – Cause I don’t feel the company is worth more than that.

    $50 – If Hogans contract is not up.

    • nwoforlife says:

      careful hogan could be your daddy a cording to Source your mom was on him all nite long

      • Whatever says:

        Who are you. Oh that’s right it doesn’t matter who you are. You’re just an 8 year old retarded fan boy wanting to live in the past. So go play with your dollies and and when your mom gets home from my house she can braid your hair and smack you for being an idiot. Slap nut

    • NonameMcgee says:

      I'll give $101.00 – The companys not worth much more but I will give an extra doller.

      I will only go $1.00 – If I have to take F'N Hogan and Biscoff, because it is definetly not worth anything more then that with those guys involved. LOL

  4. Cezar_TheScribe says:

    "Many employees are still waiting to be paid for past work."

    Not good at all.

    TNA needs a new or additional financial backer.

  5. brahbrah69 says:

    Hogan and bish are gonna buy it

  6. jbcissom says:

    Guys, please consider the source… and their history with "reporting news with TNA". Take it with a grain of salt.

  7. godoftna says:

    While Panda Energy may be worried about TNA's finances, and while it's a good idea to keep the company on a budget, they need to expand that budget a bit to eliminate these types of problems. Just like with any company, if there are doubts about the companies future, people will be reluctant to invest in it, whether financially or time wise. If people think that TNA is on the verge of closing down, they won't bother watching. To make money you need to spend money, and if done wisely, you can make a lot of money.

  8. Bruce says:

    Did someone working for TNA report this?!? Damn people believe anything…

  9. tna24 says:

    not gotta lie, but what happen to tna, i dont think i heard problems like this before hogan and co came along. dump them and you save your self alot of money. it not like they are helping tna much.

    • Whatever says:

      What happened was your mom charged Dixie Carter too much for just a blow job and now tna can’t afford anything.

    • Philly_Cheese says:

      Actually the rumors of TNA closing up and having severe financial problems have been around for a very long time. TNA is making a very wide variety of mistakes, first being HH… He does very little for the company, never mentions them during any appearances he does, and costs the company quite a bit. Second biggest mistake was not exchanging talents with other companies… Yeah they have to pay them (very little probably), and you can never be to short on jobbers to put someone over. Also the ability to exchange talent allows you to sample a wide variety of wrestlers and find out what draws and what doesn't. TNA has a really bad problem of doing the same thing and expecting different results.

  10. birdmantd says:

    Comparisons to ECW's dying days are a reach. In ECW the talent wasn't getting paid… some of them not for several months. Also ECW knew they were the odd man out at the old TNN network which eventually became Spike. At least TNA has the support of Spike this time around plus the whole Bellator relationship. At the end of the day only those with access to TNA's books know the true story and it's silly to speculate too much.

  11. RavenNevermore says:

    This site just wants to stir the pot. We do not know what is going on. They do not either since Panda Energy is a private company. So all of you TNA haters get your hands off your junk and stop being so gullible.

    • Jon says:

      It's naive to think that even the most tightly held private companies can't/don't have leaks about all sorts of information.

  12. Jon says:

    If anyone was to buy someone out, Panda Energy could easily buy out the E. Obviously Vince would never sell.

    • Bigmike885 says:

      that's a lame argument..TimeWarner could also have bought out WWE..but they didn't want to lose any more money on WCW..same deal here. Sure Panda COULD buy WWE, but do they really want to lose any more money on TNA?

  13. whatsup121 says:

    they always post that TNA is in financial trouble at least once a year

  14. stevontte1 says:

    When you post shit like this first know your labor laws. It's a federal offence to withhold someone's pay for more than two weeks, so the crap about still waiting to get paid is what it is crap. Second we want names not a bunch of so called sources that's saying this stuff.

  15. JoeWrestling says:

    ECW wasn't going on a strict budget, it was going out of business, and had no TV deal. TNA's situation is no different than any company doing cutbacks. It's not like they would just fold, if anything they would look to sell the company while they still had a Spike deal. There is really no business reason to criticize them if their ratings are the same after they reduce costs.

  16. litweav says:

    is this site for or against TNA,i can never tell.And why would TNA tell go around and release info like this site says it does.who owns this site the WWE?

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