The two biggest issues ROH faces now:
Running as net-negative business and having it be added while the parent company is in a lull, and having any type of marketing structure in place outside of AEW TV making mention.
NXT made that work because they were able to get on USA and recoup a lot of the losses as ad revenue, but now ROH won’t get that, has a smaller audience, and an accessibility problem on top of that.
In the US the exposure is probably slightly above NJPWWorld, and I don’t see how you build something viable long-term. Everybody talks about how the streaming miss sucks, and that’s true, but there are other outlets Tony can go through that he never pursued, and now he’ll have to use Honor Club as a bridge. And that’s perilous at minimum.