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>He was expecting, or at least hoping that the traditionally strong shows would enable him to begin paying off debts which reportedly had mounted to about $29,000, including $22,500 in television production costs. He had fallen behind in paying the wrestlers over the past few weeks and cancelled the scheduled shows the weekend prior to Thanksgiving. His main backer, music executive Rick Rubin, had decided in August not to send more money to fund the company because the company had ceased making any forward progress. Without the backer, the company couldn't keep up on its bills, even though Cornette had become almost legendary in his ability to run on a shoestring.
https://www.reddit.com/r/TheDirtsheets/comments/2x7zco/smokey_mountain_shuts_up_shop_won_4121995/
https://www.reddit.com/r/TheDirtsheets/comments/2x7zco/smokey_mountain_shuts_up_shop_won_4121995/
