I remember watching that bit about a week ago. Doesn't surprise me as there's been quite a lot of stories that have circulated over the years of Pat Patterson either coercing men into doing sexual favors for him, or guys offering it themselves in exchange for a push (my favorite story being Virgil walking into Pat's office and figuratively/literally slapping his dick on his desk.) Being that wrestling is filled to the brim with rumors and gossip though, I take any such stories with a grain of salt.
As for him "coming out" only just recently on their shitty reality Network show, it's been known to the rest of the wrestling world since the 70's that he was gay. Then again, a good chunk of the people who watch Legend's House probably don't know much about who Pat Patterson even is - let alone that he's gay - so it was probably news to them. Still shows how scripted the whole show is.