More on Ric Flair World Title auction

November 6, 3:04 AMPro Wrestling ExaminerMark Satrang

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Highspots.com has sent out the following statement regarding Ric Flair’s prized NWA World Heavyweight Championship belt would be put on the auction block by pro wrestling memorabilia website. 

It has been accurately reported that, Highspots is one of two companies that Ric Flair pledged his NWA belt to for outstanding amounts owed. To ensure that the eventual buyer has no potential issues, Highspots has continued to work with the other holder of the lien on the title belt at issue.

After speaking with our counsel, Combraco, Inc. has informed us that they decided to give Mr. Flair an additional six months in which to repay the more than $300,000 that he owes to them. While we are disappointed by the delay, we respect the legal process and continue to work to resolve the issues with Mr. Flair's other creditors to protect the interest of our customers.

In the unlikely event Mr. Flair pays these funds owed, we will be the only remaining lien holder on the belt and will place it back for sale. If he does not, we anticipate working with Combraco after the period ends to reach a final agreement to facilitate the sale.

Again, we are sorry for the delay, but Highspots is a long standing and respected company that values its integrity and respect for the legal process. We will continue to hold the belt and will update the situation and contact all individuals who submitted bids again this spring.

It is sad to see THE certifiable legend in pro wrestling (second only to Hulk Hogan) in financial trouble like this. It is hard to see someone you grew up watching not measure up to what you thought he or she were. Ric Flair is starting resemble the story of The Wrestler more and more each passing day.