Backstage Update – TNA’s Pay Issues Now Resolved

Partial Source: The Wrestling Observer

UPDATE: Here is the latest regarding the story about TNA talent having issues receiving their pay. the issue was resolved over the weekend and TNA talents have now started to receive checks. TNA sends out paychecks on the first of the month and employees usually get them several days later around the fourth. After the eighth day and no checks being received by the talent, people were starting to get concerned.

Also, a source in TNA management stated that talents would be receiving their March checks earlier than scheduled to try and make up for the recent delay.

ORIGINAL: Despite settling in on a new channel with Destination America, TNA’s internal issues are far from over. According to reports, TNA Wrestling is currently dealing with some behind the scenes issues with the talent roster. The trouble is that TNA is allegedly behind on paying its wrestlers. According to the reports, many talents have anonymously reached out to several internet sites and claimed that TNA is behind on their payments.

One wrestler went as far as claiming that TNA is behind two pay periods. Another has claimed that there are wrestlers who are still owed money going as far back as February. Currently, TNA does not have any dates scheduled until the next live episode of iMPACT! Wrestling, which is set for May 8. The pay issue is becoming a growing source of frustration for the roster, who are now working more independent wrestling dates in order to supplement their income.

Also, TNA office sources in Nashville, Tennessee are confirming that the pay issues are legitimate. In addition, even though a source allegedly denied that TNA was behind on two periods, the source did admit that TNA has recently been behind on getting paychecks to roster talents. TNA is said to be in the process of trying to get a handle on the pay issue. TNA’s paychecks are sent via Dallas, Texas and not in Nashville where TNA is headquartered. Dallas is the home of TNA’s billion dollar parent company, Panda Energy. Another issue is the result of Panda Energy moving its offices, which is still currently ongoing. However, the Panda department that issues TNA office and roster paychecks was reportedly “completely closed.” This is what apparently led to there being a backlog of checks for TNA in recent weeks. It’s not that the company is having money issues before those rumors begin.

The recent taping of numerous One Night Only PPV events in Orlando, Florida reportedly caused a lot of payroll expenses as well. The company was not getting revenue from those PPV tapings because they were free, since they were taped at Universal Studios. This was another factor for the backlog of checks that have not been paid out to the roster.

tnawrestlingnews.com