The Jake Paul fight held in November at AT&T Stadium reportedly earned over $20 million.
The former heavyweight boxing champion, Mike Tyson, is facing a lawsuit from Medier, a Cyprus-based company.
According to the lawsuit, he allegedly abandoned a promotional deal with Rabona, their online casino, as well as betting brand. This is to focus on his previous fight against Jake Paul, a social media influencer-turned boxer.
The High Court in London filed the lawsuit. It seeks $1.59 million in damages. This includes over $800,000 in feed paid to Tyson, as well as $729,000 for what the company describes as wasted promotional expenses.
Medier claims that Tyson prematurely terminated their agreement. It was signed in January, without justification, and instead shifted his attention to a Netflix-sponsored deal for the fight with Paul.
Court documents allege that withdrawal from the Rabona promotion happened together with the March announcement of his time against Paul. It was initially scheduled for July 20.
However, Tyson’s camp argues that the termination was lawful. They cite numerous breaches of contract by Medier. This includes unauthorized use of promotional materials.
In a statement, Tyson’s legal team said that Medier breached the terms of its agreement with Tyrannic multiple times by exceeding the scope of the restricted license, causing financial and reputational damage to both the company and Mr. Tyson.
They added that Tyrannic properly terminated the agreement and is confident the Court will view this dispute in its favor.
These allegations were denied by Medier. They declare that the fight with Paul was the real reason for the abrupt termination. This fight reportedly earned Tyson $20 million.
The fight itself marked the return of Tyson to the ring after 19 years. Held at AT&T Stadium in Arlington, Texas, the highly anticipated intergenerational matchup between the 58-year-old former champion and 27-year-old Paul drew significant attention. Yet, it ultimately failed to meet expectations.
Paul secured a unanimous decision victory in a lackluster bout, which Netflix streamed live.
