Panda uses TNA as a way to report their only losses. Tax write off, you have everybody looking at one hand while the other is doing something else. Panda Energy itself doesn't report its quarterly losses instead they report TNA losses. Which makes it's billion dollar parent company look stronger.
Didjaknow Turner Sports use to do the same thing with WCW? It was only until AOL and Time/Warner merged is when this was exposed and being a stock company, couldn't continue practicing that way because it would be considered "illegal". At the time anyways. After Bush, not so much against any law anymore.
Didjaknow Turner Sports use to do the same thing with WCW? It was only until AOL and Time/Warner merged is when this was exposed and being a stock company, couldn't continue practicing that way because it would be considered "illegal". At the time anyways. After Bush, not so much against any law anymore.