In the latest involving the auction of the original NWA World Heavyweight Championship belt, PWInsider is reporting that Highspots may not have actually had the right to sell the belt in the first place. It turns out Flair didn’t technically own the championship belt as a newly uncovered document is now indicating that the belt was previously used as collateral as part of a financial issue between Flair and North Carolina corporation Conbraco. Flair filed a secured loan on August 26, 2008 with the corporation and prevented him from selling it off without settling the debt he had with the company. Conbraco recently approached Highspots to inform them that they would legally pursue any money raised from the sale of the belt. Highspots has removed the listing from its website.
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