4.3. When Ric Flair left WCW in 1991, why did he take the title belt withhim?
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This article is from the Pro-Wrestling FAQ, by macika@emunix.emich.edu (Dominic Macika) with numerous contributions by others.
4.3. When Ric Flair left WCW in 1991, why did he take the title belt withhim?
Flair owned the NWA Heavyweight title belt that had been in use
since 1986. When Flair's contract with WCW ran out on July 1,
1991, they were unable to come to terms on a new contract. Jim
Herd wanted to cut Flair's salary and reduce his role in the
company. When Flair arrived in the WWF in September, 1991, he
billed himself as the "Real World's Champion" and used his NWA
belt to back it up. The ownership of the belt and the right to be
called the "NWA Heavyweight Champion" was taken to court. Flair
and WCW eventually settled the matter out of court in spring
1992. The exact terms of the settlement were not disclosed, but
WCW bought the belt for a rumored US$28,000.
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