ROH has lost a ton of money...

[Placebo Effect 0]

The $500,000 figure is from the point when ROH opened it's doors in 2002.

 

ROH has Silkin pumping money into the product. They're probably just using the understanding that a more professional product will result in higher attendance, a DVD distribution deal, etc.

 

And RF can drive a Lexus because he's been making money with RF Video for years.

 

The number is likely inflated, but I don't doubt that they've lost quite a bit of money, especially in recent months.,

[Guest Salacious Crumb]

No, it says right in the Observer that Silken became the majority owner because RoH was BROKE and couldn't make payroll sometimes earlier this year. So obviously they weren't making money.

 

Observer also said it was $300,000 from startup costs so I don't know where the other $200,000 came from. But if they hadn't addressed the startup debt then they couldn't have been making any money.

[Tawren 0]

What big international stars has ROH really used?

 

1. Ikuto

2. Tanaka

3. E.Guerrero

4. Super Crazy

 

... thats about it.

Ohtani

[teke184 0]

Im thinking this loss is way overstated, givin the amount of people ROH draws and the number of tapes they sell i dont see it happening

 

and it is very unlikly that they lost 500 since the RF thing broke

 

If the company was in such a cash failure then why would RF be driving a Lexus and there be new belts and such

 

I think its just anther rumor RF has started

$500,000 in three months is probably a stretch, but I can believe that they lost $500,000 in the two years since they've started.

 

 

It doesn't help that RF Video's been fucking up for a while now. RF Video itself has been having serious problems making payroll as of late and they've got a six-figure judgement against them over bootlegging PRIDE tapes.

 

Now that ROH and RF Video are separating, ROH has a better chance at survival although this recent set of revelations will bite them in the ass a bit.

 

 

EDIT- Read the exact info in *MY* copy of the Observer. As of January 2004, ROH had supposedly lost in the neighborhood of $300,000 and was having trouble making payroll. Silkin came in to bail them out on the condition that he get 55% of the company.

 

The losses are supposedly due to startup costs, but something tells me that the company Lexus that RF used to pick up underage ass probably counted towards that as well.

[Epic Reine 0]

NOTE: This was taken from the DVDR board:

 

from Mike Johnson at p w insider.com

 

Sources close to both sides of the Ring of Honor-RF Video split confirmed that the negotiations regarding the settlement appear to be finalized, and it is expected that both sides will sign the agreement this Monday 6/28. One source noted, "It's 98.5% finalized" while another stated, "I am done talking about the situation, as legally I can't from this point on."

 

Although the details of the contract are confidential and both sides declined to discuss them, it is believed that Ring of Honor has agreed it will not sell any independent wrestling videos that are currently filmed by RF Video. That was a major point of contention from Rob Feinstein's side as it would have placed them as a direct competitor to RF Video. In exchange, I believe RF Video has agreed to a no compete in regard to promoting live wrestling events for the term of at least one year.

 

The agreement includes a gag order, which means that no one involved will be able to discuss the terms of the agreement. In other words, until someone decides to violate the settlement, this should be the end of all the internal issues for ROH, publicly and will finally mark the end of Rob Feinstein's involvement once and for all within the promotion.

 

Ring of Honor was formed in early 2002 by RF Video, then owned by Rob Feinstein. Current RF Video President Doug Gentry took over Feinstein's positions in March 2004 after Feinstein was implicated during a Philadelphia NBC affiliate's sting on online pedophiles and stepped down from his positions. Cary Silkin became majority investor for ROH earlier this year and has been investing in the company since March 2003.

 

RF Video was founded by Feinstein in 1995 and remains open for business. Although Feinstein is not back in any official capacity, he returned to work at the RF Video offices after the split took place earlier this month. He has told many within the wrestling industry that he is in the process of pursuing legal recourse against the NBC affiliate that set up the sting in conjunction with website Perverted-Justice.com.

 

The Ring of Honor website is currently down as the promotion is switching servers for the site. They have acquired a new webmaster and I would expect are re-tuning the website as well to accommodate their new in-house merchandise systems. The new ROH office is expected to open for business within the next week.

 

now, several things this says to me.

 

1. the split finally looks legit, instead of the netherworld of uncertainity it was in before.

 

2. Johnson is reporting that Feinstein was not officially involved with RoH since the incident in March. I've known Mike for a lot of years, going back nearly a decade, and if he's reporting Feinstein wasn't involved, i will take him at his word, more than anyone else in the business.

 

3. Feinstein potentially pursuing legal action against the TV station and that website is interesting indeed. it says that there is PLENTY more to this story that we don't know.

 

--------------------------------------------------

 

Well, looks like RF is gone. That's a plus for ROH. And now this settles their contract about what ROHVideos can and cannot sell.

[Guest Salacious Crumb]

Johnson's only telling half of the story here. While what he says is true he's not telling the whole story. Silken became majority owner when he bailed the company out of not being able to make payroll earlier this year.

 

Doug was just holding the stock for RF until he was going to come back in around 2 yrs.

[Guest TDinDC1112]

Doug was just holding the stock for RF until he was going to come back in around 2 yrs.

Oh my god. Not again with the stock. Hasn't it been proven in the last 3 weeks that all you people talking about he "ROH Stock" are completely wrong. There is no such thing.

[Guest Salacious Crumb]

Fine then, Doug was holding RF's part of the company until he comes back. Take a few economics courses and learn what they're referring to when they say stock.

[Guest TDinDC1112]

Fine then, Doug was holding RF's part of the company until he comes back. Take a few economics courses and learn what they're referring to when they say stock.

Why would I go back to school for Economics when I'm already an engineer?

 

Doug was never holding anything. It was RF's, as he's the guy who has to sign on the dotted line. Doug never had anything. They told you he did, but he didn't.

[Guest Salacious Crumb]

Fine then, Doug was holding RF's part of the company until he comes back.  Take a few economics courses and learn what they're referring to when they say stock.

Why would I go back to school for Economics when I'm already an engineer?

 

Doug was never holding anything. It was RF's, as he's the guy who has to sign on the dotted line. Doug never had anything. They told you he did, but he didn't.

That's what I was saying. Doug never actually had possession of RF's shares in the company. He was just a paper president until the 2 yrs. were up and RF came back.

[Guest Man Of 1,004 Modes]

How the hell is an Indy promotion in the red for the sum of $500,000?!

 

And I thought TNA lost a lot of money...

[Placebo Effect 0]

How the hell is an Indy promotion in the red for the sum of $500,000?!

 

And I thought TNA lost a lot of money...

I think TNA is losing 70,000 per week. Dixie Carter would kill to lose $500,000 over a two year period.

[Guest SoCalTF]

I can see why ROH is loosing so much money. Recently they paid 5,000 dollars for a license, 1,200 for new cameras, then having big names flown in from around the country, and attendence being down. If they've been loosing 300,000 so far this year, I don't see them lasting long especialy now since their supposed main money cow(RF Video) is gone.

[Michrome 0]

edit, when I get to a non shitty cpu i will post something. It is worth noting though that Cary is about to spend an ASSLOAD to buy off the remaining 45% of ROH monday, set up a new video company, etc. He is about to majorly invest a ton more money into the company. He is a multi millionaire, and in it for the long haul.

[syxx2001 0]

Did you pull that 70,000 dollar figure out of your ass? If anything they lost that much in their first 10 weeks. They break even with their PPV sales, getting 20-35k per week.

[Guest bort]

TNA loses money with the PPVS, there getting about 6-7 thousand buys a week acording to PWI, there paying somthing like 35 grand for the Tv and then take into acount the losses they suffer from the PPVs,

[stahl 0]

Yes, they don't break even from their PPV's. They would break even if they were getting 25000 buys or so. Not with 5000.

[Michrome 0]

According to Meltz as of 2 months ago, buys were around 7500 a week. They have probably gone up with the TV deal, but 20-35k is just hilarious. Even Ryder would laugh at that.

[syxx2001 0]

I thought I saw 20k in a Observer. Maybe it was 20k for the Jarrett/Raven show.

[Placebo Effect 0]

Did you pull that 70,000 dollar figure out of your ass? If anything they lost that much in their first 10 weeks. They break even with their PPV sales, getting 20-35k per week.

It is believed TNA is drawing about 7,000 buys per week for its Pay-Per-View shows. In terms of doing weekly television, the company is losing at least $70,000 per week.

 

PWInsider.com

 

Yep, right out of my ass.

[Guest TDinDC1112]

They break even with their PPV sales, getting 20-35k per week.

I like TNA, but are you Fucking kidding me? There's a lot of smart people in this forum who know what the Hell is going on, so don't bring that Shit in here.