Tony Khan announces the purchase of Ring of Honor

In less than three full years, All Elite Wrestling has had quite an impact in professional wrestling. With massive signings, exceptional cards, and focus on the action, AEW has pushed expectations for what fans see week in, and week out. AEW president and CEO, Tony Khan promised a major announcement on the March 2 edition of AEW Dynamite and the news he broke lived up to that hype. Khan purchased Ring of Honor.

Khan opened the night to give this huge announcement from Daily’s Place in Jacksonville, Florida.

“I have a huge announcement tonight, it’s something big,” Khan said. “17 years ago, another company started known as ROH. Today I signed a deal and just became the new owner of Ring of Honor.”

Ring of Honor is one of the most important wrestling organizations in professional wrestling. The promotion helped play a vital role in the careers of many top names today including Bryan Danielson, The Young Bucks, CM Punk, Samoa joe and others.

Ring of Honor ran into serious issues in late 2021 when the company was forced to shutter its doors. There was hope that the company would return in April of this year, but that was uncertain. Some members of the talent were allowed to pursue other opportunities while others remained a part of the company in name, while competing for other promotions.

“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 via press release.

This deal also includes a tape library that features some of the best matches known to wrestling fans. It creates the opportunity for AEW to expand its operations with the content that it delivers both on television and potentially via a streaming platform.

“Ring of Honor has produced some of the best professional wrestlers over the past 20 years, but more importantly, it created a family,” Joe Koff, COO of Ring of Honor said. “Tony has the utmost appreciation and respect for Ring of Honor, and I’m truly excited to see how he continues the legacy.”

For more news about Ring of Honor and this massive purchase, stick with Daily DDT.