Report: Is TNA Wrestling Having Financial Problems?
By Ryan Clark | March 26, 2010
One often-overlooked factor in TNA's destiny to compete with rival promotion World Wrestling Entertainment are the added expenses entailed.
Since January, the company has ballooned its roster to over 70 performers with the notable additions of high priced stars such as Ric Flair, Rob Van Dam, Jeff Hardy and the former Mr. Kennedy. Furthermore, the company has added the costly expense of going live every other Monday night and promotion of said move (i.e. airing commercials during Monday Night RAW and running Billboards in Times Square). Other than slight bumps in house show attendance and merchandise sales, TNA has to little to show for its efforts. In fact, ratings are at its lowest levels in four years due to the move to Monday nights.
According to a backstage source, TNA is having bigger financial problems than most realize. One source said: "I'm worried about my friends who work for TNA because they have bigger financial problems than anyone knows".
It should be noted that TNA is far from going under. They are just spending a ton of money these days in hopes of increasing viewership.