Highspots Suing Ric Flair Over Money Owed

Highspots, Inc. and owner Michael Bochicchio have filed a lawsuit against Ric Flair in the Superior Court of North Carolina. The lawsuit stems from $35,000 Highspots claims they are owed from Ric Flair as well as one contracted appearance, interest on money loaned and money spent on photos and other material in conjunction with appearances featuring The Nature Boy.

Flair put up the original NWA Heavyweight championship belt up as collateral on the loan but when Highspots tried to sell it to collect on money owed, they discovered the belt already has a lien on it by Combraco Inc. because of money Flair owes them.

Richard Reacts: This story certainly colors Ric Flair in a negative light. However, with all of the divorces Flair has been through there is really no wonder he has financial problems. Flair has never saved his money which is why he is still working at his age