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#1 |
I'ma gonna win
Posts: 1,743
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Flair
He's such a piece of shit.
Here is the latest on the sale of Ric Flair’s NWA Title. As it turns out, Highspots.com may not be able to sell the belt because of a third party that has the rights to it. It turns out that Flair had previously used the title as collateral on another loan that has not been paid back. Flair and Matthews (North Carolina corporation Conbraco Industries, Inc) jointly filed a secured loan through a Universal Commercial Code (UCC) document. This document created a lien against Flair’s property, which would prevent him from selling it off without first settling the debt with Conbraco. Conbraco contacted Highspots to inform them of their agreement with Flair, and that they could legally pursue any money raised from the sale of the belt to pay off Flair’s debt. Highspots has removed the auction from their website. The following items were listed as collateral in the agreement with Conbraco: * Flair’s NWA championship belt (specifically listed as original) * Flair’s WCW championship belt (specifically listed as replica) * Flair’s “wrestling robes, trunks, and boots” * Flair’s “Wrestling Hall of Fame ring” * Flair’s “Presidential Rolex, inscribed with “To Be The Man.” * Flair’s “framed magazine covers, which include his likeness.” * A 4×3 autographed poster of Michael Jordan * A 4×3 autographed poster of Vince McMahon and Flair. * A framed, personalized Kevin Green jersey. * Commercial claims arising from a previous lawsuit Flair was involved with. * Additional “proceeds and products.” http://www.tpww.net/2009/10/update-o...getting-messy/ ![]() |
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#2 | |
boop/bop/beep
Posts: 38,430
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Quote:
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#3 |
You know that’s right
Posts: 52,757
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Dude needs money. Don't see how it makes him a piece of shit.
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#4 |
Needs an avatar
Posts: 301
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Yeah leave him alone.
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#5 |
The Sellsword
Posts: 307
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He's selling his rolex? What the fuck. On the one hand, its his to do with as he pleases, but on the other, it was a pretty special retirement gift.
Flair needs to grow the fuck up, stop marrying chicks half his age who then dump his wrinkled ass for half his cash (The wallet is getting thinner now, ladies.) and retire with a bit of respect and dignity. He was slow and crappy during his last five years the in the WWE ring, and should have been doing something smart with his paycheques. I just plain pity the guy. |
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#6 |
I'ma gonna win
Posts: 1,743
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#7 |
You know that’s right
Posts: 52,757
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People in debt generally don't keep good records.
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#8 |
I'ma gonna win
Posts: 1,743
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#9 |
You know that’s right
Posts: 52,757
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Yeah that's just what I said.
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#10 |
You know that’s right
Posts: 52,757
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He didn't give the other company the title. He has it held up as collateral. It's not like the other company physically possesses the title and Flair tried to take it back. He probably forgot. People forget things like this.
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#11 |
I'ma gonna win
Posts: 1,743
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You're trying to justify someone pawning off the same item twice. He's obviously blown all the money from his wrestling career, so now he's in debt. He's an idiot for doing so, and deserves everything he gets.
Cocaine costs a fortune these days. |
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#12 |
You know that’s right
Posts: 52,757
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How bout you explain your feelings further. How exactly does this make him a piece of shit?
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#13 |
I'ma gonna win
Posts: 1,743
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#14 |
You know that’s right
Posts: 52,757
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I love that you can't articulate your own thoughts so you have to resort to petty insults. It's cute.
Ok I'll try to break it down for you. We have the facts: 1) Flair took out a loan and put up his wrestling memorabilia as collateral 2) Flair decided to auction off his memorabilia 3) The people who loaned him money said he can't do that 4) He's not doing it Based on these facts, you've concluded he's a piece of shit. All I'm asking is for you to explain how you came to your conclusion. Now wow me, Sophocles. |
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#15 | |
I'ma gonna win
Posts: 1,743
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Quote:
From what I've read, Flair has a debt with two different companies. Conbraco and Highspots. Highspots is selling the belt to pay off Flair's debt, Conbraco told them they can't because Flair has already used that as collateral for a debt he owes to them. He owes two different companies money, and tried to pay them off using the same item. How does that not make him a piece of shit? |
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#16 |
Wraith
Posts: 2,098
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Verbose is correct about the facts - that the item was used as collateral with two companies (as far as we know so far). As for him being a piece of shit, well, that's opinion-based.
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#17 |
You know that’s right
Posts: 52,757
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I understand the facts. The point is there is no indication that he's doing this on purpose. There's nothing that says he's trying to scam anyone. All I see here is a guy who's bad with money.
Look at all the stuff he put up as collateral for his first loan. It's pretty easy to get mixed up and forget that something is indebted to someone else. |
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#18 | |
I'ma gonna win
Posts: 1,743
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Quote:
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#19 |
Posts: 4,834
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Wow... sad.
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#20 |
Over Like Rover
Posts: 38,444
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I think Verbose might have caught his Mother riding Space Mountain. Or he's a bailiff. Or both.
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#21 |
I'ma gonna win
Posts: 1,743
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#22 |
Fuck em' this is The War
Posts: 7,778
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Gonna say it's simply a mistake on Flair's part. He's never been good with money and you can add this on to his list. That makes him careless, not a piece of shit.
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#23 |
You know that’s right
Posts: 52,757
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ok so he put the belt up for collateral twice
still doesn't sound malicious to me. just stupid |
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#24 |
I'ma gonna win
Posts: 1,743
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I'll clarify then. If it was truly a mistake, then yeah. Dumb as it is, he couldn't help it. If he knew that it was already used as collateral, then he is, as I said before, a piece of shit.
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#25 |
Doin' It Right
Posts: 35,460
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I think i missed the part where Ric Flair owed Highspots.com money
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#26 |
You know that’s right
Posts: 52,757
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Yeah it's not mentioned in this article. Had to go read about it meself.
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#27 |
I'ma gonna win
Posts: 1,743
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#28 |
Fuck em' this is The War
Posts: 7,778
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At his age and mental state I don't see him putting together some attempted scheme. I see him making an accident.
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#29 |
Doin' It Right
Posts: 35,460
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#30 |
You know that’s right
Posts: 52,757
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Well either way he's stupid. Either he forgot he already put the belt up which is stupid, or he thought he could get away with it, which is even stupider. Don't fuck with the UCC
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#31 |
EATER OF HOT POCKETS
Posts: 14,340
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#32 |
Posts: 5,629
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So what, he made some bad decisions. Big deal. How many other wrestlers have done stuff like this before? This is like people calling Bret Hart a POS for refusing to do a job, but turning a blind eye when any other wrestler does the same thing. Since when are we supposed to hold professional wrestlers at such high standards?
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#33 |
boop/bop/beep
Posts: 38,430
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It doesn't make him a piece of shit at all, as has been stated about him, it's more sad than anything.
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#34 |
Former TPWW Royalty
Posts: 66,655
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Ric Flair has been known to have money issues. Could make make sense he forgot what he owed or used as collateral based on his past financial history.
Too bad JBL retired or else he could just hire Flair to wrestle for him on RAW. It worked for HBK. ![]() |
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