Magic Baltimore Listen Live
Magic 95.9 Featured Video
CLOSE

"A Streetcar Named Desire" Opening Night - Arrivals & Curtain CallPrime Prep Academy, the school founded by Deion Sanders in 2012 is in danger of losing its charter.

According to members of the former administration, the Charter is said to be in a serious financial crisis. According to The Dallas Morning News, it’s not certain if the school can survive until the end of this school year. The school paid it’s employees a week and a half late because it couldn’t make the December payroll. Prime Prep also defaulted on paying employee health insurance premiums, Teacher Retirement System of Texas contributions and unemployment insurance.

The financial crisis problems in the past including Sanders being fired — then rehired the next day for choking the school’s chief financial officer. Last year, Prime Prep lost its eligibility to be part of the National School Lunch Program.

Per KERA News, managers installed by the Texas Education Agency (TEA) have called a meeting Friday to discuss when they might shut down the school for good.