ROH Parent Company Sinclair Broadcast Group Reports Millions Of Dollars Of Debt
The third quarter financials have been released
The Sinclair Broadcast Group, the parent company of Ring Of Honor, has revealed millions of dollars of debt in their third quarter financials.
The Group posted their Third Quarter Financial results on Wednesday 3 November, which states that the company is currently carrying a debt worth a total of $12.530 million.
Of that $12.530 million, it is noted that $8.124 million comes from the Diamond Sports Group LLC, which is the over the top streaming service that the Sinclair Broadcast Group has been trying to launch.
Diamond is still expected to launch in mid-2022, despite the finances. It should be noted that the Third Quarter Financial Results make no mention of Ring Of Honor in the statement.
The full financial statement, via Fightful, can be viewed here.
As previously reported, ROH announced on October 27 that the promotion would be undertaking a hiatus throughout the first quarter of 2022 as the company undergoes a deep re-think of the strategy going forward. All talent will be released from their contracts at the end of the year, with those on contracts running past the end of 2021 being paid through March 31 2022.