Ryan Satin of Pro Wrestling Sheet originally reported Flair was brought to the hospital due to a heart-related condition.
But the 68-year-old's condition soon deteriorated prompting his agents to urge supporters to offer "prayers & positive energy 4 our Living Legend as he is dealing w/some tough medical issues" on Twitter. She also said reports he had colon surgery - which appear to have originated on social media from longtime wrestling announcer Gene Okerlund - were incorrect.
"I have been by his side since Friday and will continue to make sure he is getting the best care possible", the post said. "Thanks for all of the support and love".
There have been issues giving him antibiotics because of Flair's weakened condition, so it's still "a bad situation".
While there have been a lot of rumors concerning Ric Flairfailing in health after his surgery, manager Melinda Morris said that none of those rumors are true because any sources releasing information are unofficial. Later that day, she said he had surgery, and had a "long road ahead".
Flair earned 16 world championships since the late 1970s, but became just as famous for his in-ring antics, including rule breaking, a cocky interview style, strutting and shouting the catchphrase "WOOOOO!"
His fame has endured a decade after his heyday, in part because his glitzy, jewelry-wearing persona was embraced by a younger generation of rappers.
Before Ric Flair became the greatest professional wrestler in the world in the '80s, he was involved in a plane crash in the '70s, which resulted in a broken back.