>>14218259That's the Texas flag because Chase Owens was, at the time, the West Texas Champion, a belt with a proud lineage dating back to the Funk Family in the Amarillo Territory.
Chase Owens is a wrestling legend respected by literally everyone. As the gaijin ace for Shin Nihon Purowresu (NJPW) for 20 years running now, Chase started his career in east Tennessee where he was trained by wrestling superstar of the 80s and 90s, Ricky Morton.
There are those who would criticize Owens' greatness but this is not uncommon. It is said that true artist are rarely appreciated in their times.