TNA woes continue to mount
Jul 21, 2013 - by Dr. Jerry Wiseman
With the most recent releases of Tara and Luke Gallows who was involved in a program as DOC and part of the “Aces and Eights” group there is a lot of grumbling that this could be the beginning of the end for the troubled company.
While many dismiss reports that TNA is in trouble the evidence is mounting that there are more problems than are being released at this time. Performers have been weeks getting paid as well as vendors with some waiting six weeks or more for their payments. It has also been reported that TNA is suffering up to $30 million in losses per quarter, something which parent company Panda Energy is growing increasingly unwilling to continue to support.
Officials from TNA have stated that they are merely trimming their roster of lesser used talent in order to make way for “new faces” and expect to introduce new characters soon. Officials at OVW, the development territory for TNA have been tight lipped about whether or not anyone from their roster has been called up but with Taeler Hendrix not having her contract renewed and rumors of discontent between the two companies, there is little in the way of thinking anyone will make the main roster soon.
Bruce Pritchard is said to have refused to rework his contract with TNA and that he is no longer with the company as well and D-Lo Brown was working on a per date agreement which has also been rescinded and he is gone from TNA as well.
The addition of King Mo Lawal was a failure of epic proportions and the recent addition of MMA star Quentin “Rampage” Jackson has not helped the company in the manner they had hoped either. Many critics are saying TNA is spending good money after bad while trying to stay relevant but losing ground quickly.
Hulk Hogan, who has often tried to distance himself from administrative decisions but is an integral part of the process along with Eric Bischoff are getting a lot of the heat from the failure of the company. Ratings have not increased and have dropped to lows never before seen for the group and cutting back on live PPVs in a cost cutting measure may have been counter-productive.
Hogan is another of the performers who is said to have been caught up in the late payment fiasco that has besieged TNA. While sources in the company try to downplay the payment issue by redirecting attention to the vendors and suppliers, there are those who believe the recent troubles experienced by TNA at a house show in Missouri is indication that talent is getting impatient and starting to strike back. This weekend a TNA house show was nearly canceled when a number of performers scheduled to appear could not because they were not licensed. Included in that list was newly crowned heavyweight champion Chris Sabin.
Refunds were offered to fans or they were given the option of staying and participating in an impromptu meet and greet session with the stars. How anyone in TNA, including agent Pat Kenney (Simon Diamond) would be remiss in knowing that the talent was not licensed and could not perform without being licensed is beyond comprehension. Some are speculating that the talent is standing up to management over their missed paydays and treatment. The talent unable to perform are not licensed in Missouri but recently released talent do have active licenses for the state.
The current status of TNA is in influx to say the least and there is a very real concern that the end of TNA is near. If TNA does fail it would be another black eye on the wrestling business and give Vince McMahon and the WWE that much more market share being the only game in town.