Additional reporting added by Dave Meltzer
UPDATE: Ric Flair is now out of surgery but the situation is still extremely serious.
After being hospitalized on Saturday, Ric Flair is in a medically induced coma and set to undergo a procedure.
A representative for WWE confirmed that news to TMZ, though they did not specify what the procedure is. After initially downplaying the hospital visit, Flair's management team wrote a message late last night asking for fans and friends to pray for Flair as he is dealing with "tough medical issues."
Not much more is clear other than the situation is serious. Flair was to undergo surgery this week, but we're not clear whether this was the original surgery scheduled or a new surgery. There is believed to be a heart issue involved and another issue.
WWE posted an article about Flair's hospitalization on their website and many within the company have sent along their prayers for him on Twitter. Michael Hayes wrote that he had visited Flair yesterday and assured everyone that Flair needs their prayers and positive vibes.