Things appear to have gone from bad to worse as far as Ric Flair’s relationship with his former management company is concerned. Despite Legacy Talent and Entertainment’s best efforts to keep fans updated on the Nature Boy’s status during his recent health scare, the twice-over WWE Hall of Famer fired the company soon after his release from the hospital. That comes even as his name initially remained on their website along with his glowing endorsements of the agency. These days, however, it’s hardly likely Flair would ever want to endorse Legacy Talent to anyone, as he is reportedly suing them for money they allegedly stole from him.
According to a report from TMZ, Flair hired a lawyer after suspecting that things were amiss with regards to his finances. After investigating into the matter, it was found that Flair was missing a large chunk of money including $25,000. That sum is what Legacy Talent allegedly received from First Row Films, which produced Flair’s ESPN 30 for 30 special, and a $12,000 royalty payment from Jake’s Fireworks, a company he had agreed to endorse earlier in 2017.
All in all, Flair believes Legacy Talent owes him at least $46,000. He also accused the company of shady business tactics as he had been told by Legacy Talent that they needed the money to shoulder legal expenses. That excuse didn’t fly with the 16-time world champion who was quoted by TMZ as saying he had not authorized his management company to use these payments for legal fees.
Currently, Flair is being represented by an Atlanta-based management company called Get Engaged. He announced his signing with the company in September and mere days after he confirmed he was no longer with Legacy Talent. Not long after that he underwent emergency bowel surgery and survived what was described as a life-threatening medical situation. Flair has since sworn off alcohol and is continuing to make a successful recovery. He appeared on the aforementioned 30 for 30 special and made a surprise appearance on SmackDown Live on Tuesday to congratulate his daughter, first-time SmackDown Women’s Champion Charlotte.
As Flair isn’t too far removed from his health scare, it goes without saying that he doesn’t need such stress in his life. And while $46,000 doesn’t sound like much when compared to what today’s main event-caliber wrestlers make, it all boils down to the principle behind the Nature Boy’s allegations – there’s no excuse for management companies not being transparent about their financial dealings with their clients.
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