Flair — real name Richard Morgan Fliehr — is suing talent management agency FAM Networks for $10 million after alleging the company essentially tricked him into signing a contract that surrenders “an irrevocable, perpetual, sublicensable license over his name, image, likeness, accounts and commercial identity throughout the universe.”
The complaint, filed on Sept. 5 in New York, describes the alleged conduct as “consistent with digital fraud” and is asking for at least $5 million for “compensatory damages for breach of contract” and another $5 million for “compensatory and punitive damages for fraudulent inducement,” along with interest and attorney fees.
Neither Flair nor FAM Networks returned Moneywise’s request for comment, but The Independent reached the multi-time world champion at his Florida home and he told them the contract has already cost him “at least” $250,000 in lost revenue.
Flair’s comments also suggested he’s as fired up for the court battle as he was when he’d step in the ring, telling The Independent that he “wants to bury” the folks at FAM.
Flair says a lucrative promise became a costly trap
Flair’s lawsuit alleges that on Dec. 5 of last year, he opened an email with a document from FAM Networks and signed it fourteen minutes later, “without the benefit of legal counsel, without a single attorney reviewing a single word on his behalf, and in direct contradiction of a contractual recital FAM itself drafted declaring that the agreement had been negotiated with counsel.”
The complaint says that FAM agreed to book “speaking engagements and in-person appearances” with Flair receiving a 90% royalty, “collaborative projects” for 50%, as well as restore and monetize his Facebook page resulting in a “a six-figure monthly income stream,” among other opportunities.
Instead, the suit alleges that “FAM delivered none of them” and instead simply reposted old content on Flair’s Facebook page while collecting $15,000 to $20,000 in monthly revenue from it without producing any accounting.
The suit also alleges that FAM transferred Flair’s Facebook page into their “corporate business portfolio,” making itself the owner and costing Flair an advertising campaign deal “that would generate significant revenue.”
The suit adds that “The ownership Mr. Fliehr was told he was retaining — the agreement’s very first substantive provision — is entirely illusory,” called the contract a “trap” and alleged FAM engaged in essentially an identical case in New York last year. The defendant in that case is reportedly American ufologist Steven Greer.
A trial date hasn’t been set yet, but the FAM lawsuit isn’t Flair’s first legal action in recent memory. In 2025, he joined boxing legend Mike Tyson in suing executives at a cannabis company for $50 million, alleging, as Bloomberg Law noted, “‘brazen RICO conspiracy’ involving fraud and ‘shameless self-dealing.’” That lawsuit is ongoing.
