Ric Flair Suing Former Management Company; Legacy Talent & Entertainment Issues Statement

Photo: WWE

Ric Flair is suing his former management company, Legacy Talent & Entertainment. According to TMZ, Flair claims that he is owed $25,000.00 for his 30 For 30 documentary, but his manager stole the money. He is also claiming that he is missing a $12,000.00 royalty payment from Jake’s Fireworks.

Flair said that he reached out to his former manager to find out what was going on, and he was informed that they used the money to pay legal fees. Flair says he never authorized them to do this. He’s saying he’s owed at least $46,000.00 in total.

Legacy and their attorneys released a statement this afternoon about the lawsuit, and it was less than flattering when it came to Flair.

“Ric Flair has always been known to be dramatic and looking desperately for the spotlight. That’s fine as a wrestler but it is despicable when he blatantly lies.

“As anyone who read [the Ric Flair Grantland article] knows, Ric has always left a trail of destruction in his wake whether it be from his ex wives, the IRS, creditors, or from his former business partners and friends… the debris is everywhere.

“Our client wishes Flair nothing but the best and is sad that things have come to this after over a decade of hard work and incredible results for their client.

“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.”

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