Mike Tyson is being sued for $1.6 million after his infamous fight with Jake Paul.
Allegedly, the boxing legend had a promotional deal with Medier to promote a Cyprus-based gambling company called Rabona.
However, the 58-year-old failed to hold up his end of the deal and instead, scheduled the fight with Jake Paul.
The suit claims that Tyson and his company Tyrannic terminated the agreement they made on the day the Netflix special was announced in March.
It has been alleged that Medier breached the contract, causing Tyson to end it. However, the company has denied doing anything wrong and according to USA Today, claims their actions did not breach the legal contract.
They claim that the Tyson’s actions have cost about 1.46 million euros ($1.6 million). The company’s lawyer said: “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,”.
“It is the company’s position that Medier, Ltd. materially breached the terms of its license agreement on multiple occasions and in various ways,”
“As such, Tyrannic, LLC was well within its legal and contractual rights to terminate the license agreement for material breach in an effort to mitigate additional reputational harm to the Tyson brand.”
The fight took place November 16 in the AT&T Stadium between the boxing legend and YouTuber, Jake Paul. The eight-round fight ended in favor of the 27-year-old.
