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Author: Subject: A Sad History of Ric Flair's Money Troubles
JMD
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posted on 8-25-2011 at 07:55 PM Edit Post Reply With Quote
A Sad History of Ric Flair's Money Troubles

I think we all knew the Nature Boy liked to spend money and go through expensive divorces, and that he didn't like to pay taxes, but over at Grantland there's an extremely depressing article detailing in full the extent of Flair's financial problems and his professional, personal, and financial slide over the past 20 years.

quote:
The story of Ric Flair was once about a college dropout who rose through the ranks of professional wrestling to become a legend. It was about his nickname, "The Nature Boy," and his signature figure four leglock, both lifted from an older wrestler named Buddy Rogers. It was about his multiple championships, his bleach-blond hair, his fast-talking patter (by his own reckoning, Flair was a "stylin', profilin', limousine-riding, jet-flying, kiss-stealing, wheelin'-n'-dealin' son of a gun!"), and his signature, trademarked cry: "WOOO!"

Today the story is about a man known in the court system as Richard Morgan Fliehr, 62, born in 1949 and adopted by parents who raised him in Minnesota. That's what he was called this past April, when a judge ejected Fliehr from his Charlotte home because he couldn't pay his rent. That's what he was called in May, when he faced an arrest order for an unpaid $35,000 loan. That's what he's called on the paychecks from Total Nonstop Action, a second-tier outfit where he's still compelled to perform despite suffering from alcoholic cardiomyopathy, and where almost everything he earns goes toward old debts: lawyers, ex-wives, the IRS, former business partners, and anyone who made the mistake of lending him money.

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punkerhardcore
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posted on 8-25-2011 at 08:19 PM Edit Post Reply With Quote
I just read this article too, and came here to post it. Absolutely staggering how much money he has consistently owed for a solid twenty years. And it's not only how much he's spent, but how much of it ended up having to go through the courts because he didn't (or just couldn't) pay his bills.





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C.MontgomeryPunk
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posted on 8-25-2011 at 08:36 PM Edit Post Reply With Quote
He left the wwe because he wasn't getting paid enough. I think his retirement plan is to die in the ring.





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budpaul
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posted on 8-25-2011 at 09:03 PM Edit Post Reply With Quote
I just read it as well. The guy is just pathetic. He still drops a few thousand a month on going out to dinner and traveling?!

I did like how one of his exes was trying to get $16,000 in child support when both kids were grown and didn't even live with her. That's moxie!





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cardscott5
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posted on 8-25-2011 at 09:22 PM Edit Post Reply With Quote
This story is a bummer. I knew Flair was wild with his money, hell that's the reason he's still wrestling, but didn't know it was so bad. It doesn't help that his wife wasn't very good with it, and a family friend ripped them off. But still, he should be set for life. It's a shame that he isn't. At least he got the Shawn Michaels watch back.





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Frank Lloyd Wright
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posted on 8-25-2011 at 09:55 PM Edit Post Reply With Quote
I knew his finances were in shambles, due to the many marriages/divorces, but when you put the dollar figures to paper, it is astonishing!! So many peripheral debts and bad investments, how could one person keep track of that stuff? Like C.MontgomeryPunk mentioned, his retirement plan will be to die in the ring.





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cloak and dagger
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posted on 8-25-2011 at 11:22 PM Edit Post Reply With Quote
A couple of divorces? You'd think he'd figure out the necessity of a pre-nup.

...nah, that makes too much sense.





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theflammablemanimal
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posted on 8-26-2011 at 02:34 AM Edit Post Reply With Quote
I can't believe how much WWE and TNA have been paying him recently.





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posted on 8-26-2011 at 03:10 AM Edit Post Reply With Quote
quote:
.....the paychecks from Total Nonstop Action, a second-tier outfit .....


LOL.

The Ric Flair-endorsed "Nature Boy Brand" mortgages sound intriguing. If you use a special pen that reveals invisible ink, at the bottom of every page of the contract you can find a line that simply says "Wooooooo! You're gonna lose your house, fatboy!".

[Edited on 8-26-2011 by Paddlefoot]





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Flash
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posted on 8-26-2011 at 07:54 AM Edit Post Reply With Quote
Reading this article was really depressing. I know he has admitted to having "lived" his gimmick in the past a little bit too much, but the guy has got a problem (judging by the amount of marriages in the last few years I'd say he's got a couple).

My suggestion? If the next wife is as eager to go along with the big spending as you are, the marriage is doomed to fail. I just can't see, unless he keeps netting gold diggers, how two reasonably intelligent adults could both be that bad with their money... and yet Flair has managed to find 4 others as bad as him?

I remember when that movie the "Wrestler" came out a lot of the "boy's" said that while many did live that fast and hard lives, you just had to look at a honkey tonk man, Piper, or a Ted Dibiase to see that they aren't getting themselves cut open for pay still and aren't scrounging for cash... and yet sadly we have Ric Flair, perhaps one of the biggest and most lucrative guys in the history of the sport, who is still doing both well into his sixties.

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salmonjunkie
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posted on 8-26-2011 at 08:30 AM Edit Post Reply With Quote
The headlining photo with flabby old Flair still bleeding kind of says it all, doesn't it?





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gobbledygooker
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posted on 8-26-2011 at 02:43 PM Edit Post Reply With Quote
quote:
That's what he's called on the paychecks from Total Nonstop Action, a second-tier outfit where he's still compelled to perform despite suffering from alcoholic cardiomyopathy


We joke about him dying in the ring but I think there is serious potential for it and may even be what he's angling for.

And for such a depressing story, this was the loan bright spot -

quote:
One of the destroyed Flair Bears was found in a "lewd and lascivious" position in Fliehr's pool.


I've been wondering more and more what his current relationship is like with HHH and HBK. I used to have such warm and fuzzy feelings about them when it was like he was the old master and they were the veterans who respected him and when him and HBK had his retirement match and they both had the nice Rolexes that signified that match (Flair's has probably since been pawned as a collateral). How quickly things change.

[Edited on 8-26-2011 by gobbledygooker]





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