This highlights a financial vulnerability I'm sure is inherent in many ballet institutions. As best as I can tell from the article, the school was doing well; and schools are generally not the money-losers that professional ballet companies are. However, this school was tied to a professional company that was going financially downhill fast (as professional companies do from time to time). A certain degree of financial and organizational separation between school and company can probably help prevent these kinds of catastrophes.
I also notice that not once were any boys mentioned in this article.