10 People Most Responsible For TNA's Failure
7. Panda Energy
Bob & Janice Carter are both CEOs of Panda Energy International, the company that purchased Jerry Jarrett’s 72% stake in the company in 2002, increased to a 100% share in 2015, and maintain 70% today.
They’re also Dixie Carter’s parents.
We’ll get to the younger Carter eventually, but Bob & Janice have much to answer for themselves. It’s their constant drip of last minute funding that has kept TNA hanging on by the skin of its teeth during the most financially perilous period of the company’s existence, and their steadfast refusal to drop the asking price for their remaining shares that have prevented its salvation.
Bob & Janice Carter have been actively hampering TNA’s growth for years. They invest only enough money to keep the promotion limping towards its next set of tapings, and with them in the picture, there’s no scope for future development.
Most egregious of all, however, are the continuous reports of late talent payments. TNA has been plagued by these reports for years, and while the Carters are always quick to make an excuse for it, there’s no justification. This unfortunate habit has reportedly led directly to the departures of Bobby Roode, Eric Young, and many others, and the investors must be held accountable for that.