Mike Tyson faces $1.5M lawsuit over alleged contract violation
Author of the article:
Article content
Mike Tyson has been sued for more than $1.5 million by a Cyprus-based company that claims the former heavyweight boxing champion wrongfully broke a promotional contract in order to fight Jake Paul.
Medier, which promotes betting company Rabona, filed suit in London’s High Court against Tyson and his company Tyrannic.
tap here to see other videos from our team.
Mike Tyson faces $1.5M lawsuit over alleged contract violation Back to video
The suit claims Tyson terminated the deal in March by alleging that Medier breached their agreement, which had been signed in January.
“The true reason for Mr. Tyson and Tyrannic’s hasty and unlawful termination was because Mr. Tyson had agreed a deal, sponsored by Netflix, to fight the influencer Jake Paul,” the lawsuit states.
Medier seeks the return of more than $800,000 in fees paid to Tyson “in return for which no services were provided” and $729,000 in “wasted production and promotion costs,” according to the filing.
The 58-year-old Tyson made a reported $20 million in last month’s lacklustre bout against the 27-year-old Paul in front of more than 70,000 fans at the home of the NFL’s Dallas Cowboys. Paul won an eight-round unanimous decision.
Tyson’s lawyers argue that Medier breached the contract by failing to obtain Tyson’s approval of promotional materials.
Check out our sports section for the latest news and analysis.
Postmedia is committed to maintaining a lively but civil forum for discussion. Please keep comments relevant and respectful. Comments may take up to an hour to appear on the site. You will receive an email if there is a reply to your comment, an update to a thread you follow or if a user you follow comments. Visit our Community Guidelines for more information.