More details have been revealed about Tony Khan purchasing Ring Of Honor on the latest edition of Wrestling Observer Radio.

Dave Meltzer noted that the deal was put together two weeks ago, and the following day is when Khan started dropping hints. Both AEW and WWE were contacted regarding the sale, but Khan obviously put together the better offer.

The tape library was mentioned as being important to AEW, and the company does want a streaming service in some form. Ring Of Honor’s old footage is something that can help with that due to having more content. Plus, Ring Of Honor owned the footage for ALL IN, which was a crucial night for AEW’s own history.

It is not believed that WWE would have run Ring Of Honor as a separate brand. However, when the company was hot in 2018, WWE made a pitch, as Triple H wanted to buy the company. There were talks that went nowhere, as Vince McMahon wanted to buy somebody bigger. WWE ended up trying to buy New Japan Pro Wrestling, Stardom, and Pro Wrestling NOAH. The company also tried to buy AAA, but nobody would sell to them for the price that WWE was willing to pay.

In a press release, Tony Khan spoke about acquiring the ROH video library. Khan said he is exploring way to make the library available to fans.

“Ring of Honor’s influence on modern professional wrestling is etched permanently in the history books, and this acquisition ensures that its legacy will be kept alive and treated with the utmost respect,” Khan said. “This deal adds thousands of hours of content to our rapidly growing library and creates new opportunities to expand our footprint on a national and global scale, while having the potential to produce new content under the ROH banner.

“I will immediately begin exploring opportunities to make ROH’s video library available to fans, who’ll have the opportunity to witness the beginnings of the careers of some of AEW’s biggest stars.”

Source: Wrestling Inc.

Throughout the past few weeks, Tony Khan and various AEW stars have hyped a “massive announcement” to be revealed on tonight’s episode of Dynamite. Tony even promised to personally appear in the ring for the big moment, which was a promise he fulfilled at the opening of the show this evening.

After thanking the crowd and promising the get the action going soon, Tony Khan said it would be the biggest night in the history of the company.

It was revealed that the major announcement is Tony Khan signed a deal to become the official owner of Ring Of Honor.

Earlier this week it was reported that sources from multiple wrestling companies say there was a possible sale of ROH and another promotion. It’s clear now that the deal was between AEW and Ring Of Honor.

ROH has been on a hiatus since December’s Final Battle pay-per-view, and Supercard of Honor is scheduled to be their first show back on Friday, April 1. The company announced in the lead-up to Final Battle that they were taking some time off during the first quarter of this year to “work internally to reimagine” the company and return with a “new fan-focused product and provide a unique experience.” You can click here for the updated Supercard of Honor line-up and more news from the company.

Tony Khan previously indicated that the announcement was not related to any individual talent acquisition, and instead, it had to do with a new business deal for AEW. He recently stated that keeping the details quiet was because the AEW legal team had him under NDAs (Non-Disclosure Agreements) until everything was finalized, but assured fans that it would be “huge” for the promotion.

You can see a press release from Tony Khan below:

TONY KHAN ANNOUNCES AGREEMENT TO ACQUIRE RING OF HONOR

— Video Library, Brand Assets, Intellectual Property from Independent Professional Wrestling’s Most Prestigious Promotion Purchased Under New Partnership with Tony Khan —

March 2, 2022 – Moments ago on AEW: Dynamite live on TBS, it was announced that TonyKhan has agreed to acquire the assets of Ring of Honor Wrestling Entertainment, LLC from Sinclair Broadcast Group, including the promotion’s extensive video library dating back to 2002,brand assets, intellectual property, production equipment and more.

Known widely as the independent promotion that birthed some of wrestling’s biggest stars of today, including AEW’s CM Punk and Bryan Danielson, and highlighted dozens of members of the AEW roster, Ring of Honor’s purchase signifies a new chapter in the future of professional wrestling as AEW’s meteoric rise continues to draw the youngest-skewing wrestling audience on television.

“Ring of Honor’s influence on modern professional wrestling is etched permanently in the history books, and this acquisition ensures that its legacy will be kept alive and treated with the utmost respect,” said Tony Khan, CEO of AEW, Chief Football Strategy Officer of the Jacksonville Jaguars and GM/Sporting Director of Fulham F.C.

“This deal adds thousands of hours of content to our rapidly growing library and creates new opportunities to expand our footprint on anational and global scale, while having the potential to produce new content under the ROH banner. I will immediately begin exploring opportunities to make ROH’s video library available to fans, who’ll have the opportunity to witness the beginnings of the careers of some of AEW’s biggest stars.”

More than 40 members of the AEW roster have appeared in Ring of Honor during their careers.The promotion launched the careers of numerous AEW superstars, including CM Punk, Bryan Danielson, Hangman Page, Dr. Britt Baker and Adam Cole. Additional members of the AEW roster have made their mark in ROH, including the late Brodie Lee, The Young Bucks, Kenny Omega, ReDragon (Bobby Fish & Kyle O’Reilly), Best Friends (Chuck Taylor and Trent Beretta), Jay Lethal, Christopher Daniels, Matt Sydal, Mercedes Martinez, Serena Deeb, Frankie Kazarian, Scorpio Sky, Keith Lee, Eddie Kingston, Evil Uno, Stu Grayson, QT Marshall, Danhausen, Lance Archer, Griff Garrison, Thunder Rosa, Wheeler Yuta, Luchasaurus, Orange Cassidy, Ethan Page, Austin Gunn, PAC, Kip Sabian, Jon Moxley, John Silver, Alex Reynolds, Jerry Lynn, BJ Whitmer, and Sonjay Dutt.

“Ring of Honor has produced some of the best professional wrestlers over the past 20 years,but more importantly, it created a family. I will be forever grateful to everyone in the ROH family who has worked tirelessly for the past two decades to take ROH to levels previously unimagined,” said Joe Koff, Chief Operating Officer, Ring of Honor Wrestling. “Tony has the utmost appreciation and respect for Ring of Honor, and I’m truly excited to see how he continues the legacy.”This acquisition will be completed through an entity that is wholly-owned by Tony Khan.

Further details about the extent of this acquisition will be announced in the coming weeks.”

Source: Wrestling Inc.