I was at the parent meeting last night and when asked "Why" the sudden decision to merge, it was NOT said that this was because of bankruptcy. Therefore, this tells me one of two things, either it isn't true or this information was NEVER intended for the public. This is NOT a public company so they don't have to disclose their personal financial information. So, since cheerkenfreak just joined Fierceboards the day the news was published, seems like they just wanted to get one last twist to the knife in Misty and James backs.
On a positive note, this is going to be a positive thing for both gyms. They have competed with each other for many years, so instead of cutting each other's throats, why not join forces and combine the teams. This will only make the GT teams stronger in the long run. It is going to take some time, but if the parents of both gyms would be positive about the change, the kids will follow suit. With Angie's business sense and Misty and James amazing abilities to coach, the GT teams will be phenomenal as they always are but with more kids to make more amazing teams. Congratulations on the merge, I think that it will be a challenge to combine these two gyms, but with time and co-operation from kids, parents, coaches and gym owners, this gym will come out stronger and even more of a force in the cheerleading industry.