Source: Wrestling Observer Newsletter
The Wrestling Observer Newsletter reports that Ring of Honor is currently dealing with a lot of financial issues that basically come from Sinclair Broadcasting, which owns ROH, not getting more behind the company.
COO Joe Koff met with head officials at Sinclair back in December to try and get them to expand the budgets for 2015 and 2016, pushing the idea that ROH could become the #2 wrestling promotion in the country. Koff brought Adam Cole and The Briscoes to the meeting for them to do pro wrestling style promos on how TNA was losing steam moving to Destination America and that ROH could become #2 in the US. The pitch reportedly failed.
ROH’s December pay-per-view, their second show on standard PPV, did just 8,000 buys and that didn’t help things either. The 8,000 number is said to be under the company projections but not by a large number.
Sinclair officials told Koff to be more disciplined with spending this year. There’s a feeling that Sinclair wants ROH for consistent programming on their network but are not interested in investing a lot or taking chances to build them.
These financial issues are the reason why talents like Roderick Strong, Maria Kanellis and Mike Bennett aren’t under contract. As noted before, TNA, Lucha Underground and New Japan Pro Wrestling all have interest in signing the duo of Kanellis and Bennett.
