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bpickering
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Posted: Wed Nov 4th, 2009 07:04 pm |
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Highspots.com, issued the following statement to PWInsider.com this afternoon:
It has been accurately reported that, Highspots is one of two companies that Ric Flair pledged his NWA belt to for outstanding amounts owed. To ensure that the eventual buyer has no potential issues, Highspots has continued to work with the other holder of the lien on the title belt at issue.
After speaking with our counsel, Combraco, Inc. has informed us that they decided to give Mr. Flair an additional six months in which to repay the more than $300,000 that he owes to them. While we are disappointed by the delay, we respect the legal process and continue to work to resolve the issues with Mr. Flair’s other creditors to protect the interest of our customers. In the unlikely event Mr. Flair pays these funds owed, we will be the only remaining lien holder on the belt and will place it back for sale. If he does not, we anticipate working with Combraco after the period ends to reach a final agreement to facilitate the sale.
Again, we are sorry for the delay, but Highspots is a long standing and respected company that values its integrity and respect for the legal process. We will continue to hold the belt and will update the situation and contact all individuals who submitted bids again this spring.
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Kid_Naitch
| Joined: | Tue Oct 30th, 2007 |
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Posted: Wed Nov 4th, 2009 07:35 pm |
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It has been accurately reported that, Highspots is one of two companies that Ric Flair pledged his NWA belt to for outstanding amounts owed. To ensure that the eventual buyer has no potential issues, Highspots has continued to work with the other holder of the lien on the title belt at issue.
After speaking with our counsel, Combraco, Inc. has informed us that they decided to give Mr. Flair an additional six months in which to repay the more than $300,000 that he owes to them. While we are disappointed by the delay, we respect the legal process and continue to work to resolve the issues with Mr. Flair’s other creditors to protect the interest of our customers. In the unlikely event Mr. Flair pays these funds owed, we will be the only remaining lien holder on the belt and will place it back for sale. If he does not, we anticipate working with Combraco after the period ends to reach a final agreement to facilitate the sale.
Again, we are sorry for the delay, but Highspots is a long standing and respected company that values its integrity and respect for the legal process. We will continue to hold the belt and will update the situation and contact all individuals who submitted bids again this spring.
Read: We didn't know we were supposed to file a UCC financing stmt and perfect our lien. Now we're hosed. We hope Flair pays back the creditor ahead of us but, given his past history, he likely won't and we'll never see this belt.
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pjstef
| Joined: | Sun Oct 14th, 2007 |
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Posted: Wed Nov 4th, 2009 07:47 pm |
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| What does Flair owe Highspots money for?
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bpickering
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Posted: Wed Nov 4th, 2009 07:49 pm |
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| The Dumb asses loaned Flair money.
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pjstef
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Posted: Wed Nov 4th, 2009 07:50 pm |
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bpickering wrote: The Dumb asses loaned Flair money.
Shit, just the fact that Flair had to ask Highspots for money....
"I'll do your big shoot interview - but can I bum a few bucks off ya?"
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Kid_Naitch
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Posted: Wed Nov 4th, 2009 08:32 pm |
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pjstef wrote: What does Flair owe Highspots money for?
Limosine ridin', jet flyin'.....
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victhestick
Cheated To Win The Monday Night RAW Pool
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Posted: Wed Nov 4th, 2009 08:57 pm |
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Kid_Naitch wrote: pjstef wrote: What does Flair owe Highspots money for?
Limosine ridin', jet flyin'.....
That shit cost money!
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Quattro
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Posted: Sat Nov 7th, 2009 12:16 am |
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| 300,000...wow
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Ultimark
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Posted: Sun Nov 8th, 2009 07:09 pm |
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| Any thoughts on what bridge Flair is going to be living under in 3 years?
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The Ultimate Sin
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Posted: Sun Nov 8th, 2009 11:33 pm |
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Ultimark wrote: Any thoughts on what bridge Flair is going to be living under in 3 years?
Mackinaw?
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gwlee7
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Posted: Mon Nov 9th, 2009 12:06 am |
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Ultimark wrote: Any thoughts on what bridge Flair is going to be living under in 3 years?
He's probably got a lien on the bridges in his mouth.
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Heretic
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Posted: Mon Nov 9th, 2009 12:52 am |
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| Highspots probably loaned him money with Flair putting up the Brooklyn Bridge as collateral.
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srossi
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Posted: Tue Nov 10th, 2009 02:56 pm |
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| I wonder if he's contacted Dawn Marie yet about that wrestlers' relief fund she set up. That would be too funny if Flair needs money from Dawn Marie of all people.
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bpickering
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Posted: Wed Nov 11th, 2009 03:13 pm |
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| Well Flair will be owning money to another woman real soon. He is getting married again. This afternoon in fact. Last edited on Wed Nov 11th, 2009 03:15 pm by bpickering
____________________
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Kid_Naitch
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Posted: Wed Nov 11th, 2009 04:58 pm |
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bpickering wrote: Well Flair will be owning money to another woman real soon. He is getting married again. This afternoon in fact.
He has to be approaching Duane Allman territory with the number of wives. Why does he think he has to marry all of them?
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