Backstage Update On TNA’s Financial Issues, Mickie Note

Partial Source: The Wrestling Observer Newsletter

— A photo of Mickie James kicking Gail Kim at TNA Genesis is featured on the cover of the newsstand magazine Inside Wrestling. The magazine levies criticism towards TNA having the Knockouts Division revolve around Mickie James and Gail Kim as the headline reads: “Has The Knockouts Division Become The Mickie-Gail Show? It’s Time To Open Things Up – BFG Style!”

— According to a source, 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 reportedly as 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. It was reported in January that Carter has set a doctrine of only allowing TNA what is “deemed necessary” in terms of funding as to keep financial losses to a minimum.

PHOTO: Dixie Carter On The Beach This Past Weekend (>>)!