June 10, 2004
Ring of Honor and RFVideo split
By JASON CLEVETT -- SLAM! Wrestling
Just days before Ring of Honor is set to run a big show in Dayton, Ohio, news has come down of another twist in the roller-coaster ride the company has been on in 2004. ROH is splitting from RFVideo, its parent company and main source of funding.
Reports say that Doug Gentry, currently president of both companies, will be taking full ownership of RFVideo under a new name and leaving ROH. Investor Cary Silken, who owns 55% of the company will buy out Gentry’s 45% and have sole ownership, while Gabe Sapolsky will remain booker for the company.
It’s the third major story to come out of ROH since March, when owner Rob Feinstein, who started the company in 2002, was caught in a sting that alleged he was intending to have sex with a 14-year-old boy. This resulted in his resignation from both companies. In April ROH was hit with another blow as NWA-TNA pulled all of its contracted talent, such as AJ Styles, Christopher Daniels and The Amazing Red, among others, off of all RoH shows. The company has rebounded and continues to promote shows.
The question is up in the air as to how this affects the future of ROH. The promotion relied heavily on RFVideo’s tape sales of Ring of Honor as well as other independent shows and shoot tapes to finance the company. Talk is that ROH will sell their own tapes and DVDs through their website rather then affiliation with RFVideo.
Speculation is running rampant on the Internet as to the reasons for the split, however neither side is commenting on the situation until the terms of the deal is worked out. RoH events will continue uninterrupted, with the exception being that Gentry will not be taping the event.