I played Special Guest Referee a few times. Most of the time I'd call it down the middle.
What I'd actually like from an online game Would be to be able to set up a private league that runs as a Company or Brand.
So then you & any number (minimum 10) of friends could join & compete as if it's a proper promotion.
Ranked games outside of the "promotion" would take on a new twist, particularly if you were to have Champion vs Champion from different promotions.
Allow rankings & also, would allow the ability to have "run ins" so if you see friends of yours in your promotion online fighting one another, you could "jump in" to the match & choose to disrupt it should you wish.
Might be your connection, yeah. Mine's great. I can just tell when I've got a player on the other end with a shitty connection, the lag goes up huge. Doesn't happen too often thankfully but it's there.