Most of their financial problems is related to plans meant to secure a long term future that never really happened after Season 1.
They spent a ton of money on Season 1 under the assumption networks and companies would line right up for the company and it didn't happen. Touring was also meant to be a big plan to generate funds but they only held a few shows at most. El Rey was only meant to be a temporary home till they found a better network but good money in the TV wrestling market has dried up a lot.
They should get a Season 4 but then they'd be right back with the same uncertain future for Season 5.
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