Beltgate Update: Highspots is screwed

Ric_flair_bloody_with_world_ttile-medium_medium

PWSpyware is reporting that it looks like Ric Flair didn't actually have the right to offer his old NWA belt as collateral to get a loan from Highspots because he had already used it as collateral to get a loan from Conbraco Industries, Inc. of Matthews, NC.  In addition to the belt, collateral used to get the loan from Conbraco includes a replica WCW belt, Flair's wrestling gear (robes, trunks, and boots), his WWE Hall of Fame ring, the Rolex watch inscribed with "To Be The Man" that Shawn Michaels gave him, framed magazine covers featuring Flair, an autographed Michael Jordan poster, an autographed posted of Flair and Vince McMahon, "a framed, personalized Kevin Green jersey," "commercial claims arising from a previous lawsuit Flair was involved with," and other "proceeds and products."  Conbraco alerted Highspots to let them know the facts of the situation and asserted that while they haven't claimed possession of the assets yet,  they would go after them for the money that came from the sale of the belt, which they have a legal claim to.  Highspots has, of course, quietly pulled the belt auction from their website.

It shouldn't really surprise anyone that Flair would stoop this low, but it's still messed up.

X
Log In Sign Up

forgot?
Log In Sign Up

Forgot password?

We'll email you a reset link.

If you signed up using a 3rd party account like Facebook or Twitter, please login with it instead.

Forgot password?

Try another email?

Almost done,

Join Cageside Seats

You must be a member of Cageside Seats to participate.

We have our own Community Guidelines at Cageside Seats. You should read them.

Join Cageside Seats

You must be a member of Cageside Seats to participate.

We have our own Community Guidelines at Cageside Seats. You should read them.

Spinner.vc97ec6e

Authenticating

Great!

Choose an available username to complete sign up.

In order to provide our users with a better overall experience, we ask for more information from Facebook when using it to login so that we can learn more about our audience and provide you with the best possible experience. We do not store specific user data and the sharing of it is not required to login with Facebook.

tracking_pixel_5349_tracker