Mike Tyson is reportedly being sued in the U.K. after his loss to Jake Paul.
According to reports from multiple outlets, including Reuters, the former heavyweight champion, is being sued in a London court for $1.59 million for allegedly reneging on a deal to promote online casino and betting company Rabona after announcing his fight with Paul.
According to the report, the lawsuit was filed in October in London’s High Court, which states that Tyson and his company Tyrannic agreed to a promotional deal with Medier—the company that promotes Rabona—in January. The court records say that Tyson terminated the deal in March, which happened on the same day of the announcement of the original July 20 date for Tyson vs. Paul. A health scare for Tyson delayed the fight until Nov. 15, when Paul won via a lackluster unanimous decision.
The termination cause was stated to be due to Medier “breaching” the agreement, an allegation the company’s attorneys deny.
“The true reason for Mr. Tyson and Tyrannic’s hasty and unlawful termination was because Mr. Tyson had agreed to a deal, sponsored by Netflix, to fight the influencer Jake Paul,” per documents released in the Reuters report.
Tyson’s legal team also responded to the terms of the suit, and remain steadfast that their client will be on the correct side of the judgement after all of the facts are examined.
“Medier materially breached the terms of its agreement with Tyrannic multiple times by exceeding the scope of the restricted license that was granted, causing, among other things, financial and reputational damage to the company and Mr. Tyson,” Tyson’s legal team said in a statement via ESPN. “Tyrannic properly terminated the agreement and is confident that the Court will view this dispute in its favor.”
