Mike Tyson faces $1.5 million lawsuit over alleged contract violation in order to fight Jake Paul
Legendary boxer Mike Tyson made headlines with his highly anticipated return to the ring to fight Jake Paul last month. However, Tyson is now facing a massive lawsuit filed in London’s High Court by Medier, a company that promotes the betting company Rabona, for more than $1.5 million.
According to the lawsuit, Tyson and his company, Tyrannic, are being sued for unjustly terminating their promotional deal with Medier in March. The suit alleges that Tyson alleged Medier breached their agreement, which was signed in January. However, Medier is refuting those claims and stating that the real reason for the termination was because Tyson had agreed to a deal with Netflix to fight influencer Jake Paul.
Tyson’s lawyers have claimed that Medier breached the contract by failing to obtain Tyson’s approval of promotional materials. Medier is seeking more than $800,000 returned in fees paid to Tyson “for which no services were provided” as well as $729,000 in “wasted production and promotion costs,” as stated in the lawsuit.
Despite losing the sanctioned fight against Paul, Tyson reportedly received $20 million for the bout. More than 72,000 fans gathered at AT&T Stadium in Dallas to watch the event, with millions more tuning in on Netflix. The fight garnered over 108 million viewers and became the most streamed sporting event in history.
As the legal battle between Tyson and Medier continues, fans are left wondering about the future of the legendary boxer and his return to the ring. Stay tuned for more updates on this developing story.
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