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WWE News: Ric Flair's ex-management firm responds to lawsuit

Johny Payne
SENIOR ANALYST
News
259   //    18 Nov 2017, 18:46 IST

Ric Flair and his ex-managers in currently engaged in a legal dispute
Ric Flair and his ex-managers in currently engaged in a legal dispute

What’s the story?

In a recent interview with TMZ, Legacy Talent And Entertainment have responded to Ric Flair’s recent accusations.

Flair’s ex-management firm has alluded to him being irresponsible with his finances. The company’s comments also provided their side of the story; pertaining to Flair’s lawsuit against them. 

In case you didn’t know…

It was revealed earlier this week, that Ric Flair is suing his former management company Legacy Talent And Entertainment.

Apparently, Flair hired a lawyer to go help him stay in the loop of his personal finances, following which the "Nature Boy" discovered that his now-former managers had allegedly cheated him out of about $46,000; including $25,000 from the recent ’30 for 30’ ESPN documentary on Flair.

The heart of the matter

Ric Flair resultantly filed a lawsuit against the management company, in response to which Legacy Talent And Entertainment provided a brief statement on the ongoing fiasco.

Comments provided by the firm’s representative allege that Flair has always been known to be dramatic, looking desperately for the spotlight; and has left a ‘trail of destruction’, be it his ex-wives, the IRS, State Departments of Revenue, creditors, ex-business partners and/or friends. The rep also asserted that the firm is saddened by how far this dispute has gotten and wishes Flair nothing but the best. Furthermore, the firm also provided an explanation regarding the monetary aspect of the situation—

“Our client provided Flair an accounting of funds as they always did throughout their representation. Flair then demanded funds that belonged to buyers be released from trust that he had not yet earned and our client would not be bullied into doing anything unethical.”
“In reality, the $37,000 in dispute are in his management company’s trust account while we were working out a settlement on the sums of money owed our client from deals and money Flair hid from his management." 

What’s next?

Ric Flair and Legacy Talent And Entertainment are present amidst a legal battle and will have their day in court very soon. Sportskeeda will keep fans updated on the story.

Author’s take

Ric Flair is one of greatest minds the world of sports and entertainment has ever seen.

Although we must refrain from passing judgment on the story unless either side’s case is proven in court, here’s hoping Flair emerges stronger out of this saga.   


Send us news tips at fightclub@sportskeeda.com

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Johny Payne
SENIOR ANALYST
Martial artist and combat Lover from Goa, India. Can be reached at johnypayne121@gmail.com
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