Why did Ric Flair lose the WWF title to Bret Hart and why wasn't it a PPV or televised match?

Bret Hart beat Ric Flair on Oct. 12, 1992 in Saskatoon, Canada in a match that didn't air on TV (it was taped for Coliseum Home Video) to begin his first WWF Title reign. It was a surprise title switch, as previously it was believed that Vince McMahon didn't consider Bret WWF Title material. The move may have been prompted by difficult negotiations with Ultimate Warrior.

Warrior was scheduled to face Ric Flair in WWF Title matches at upcoming house shows, but in order to take leverage away from Warrior, they switched the house show matches to Bret Hart defending against Ric Flair. More.

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