Mike Tyson faces a $1.5 million lawsuit from Cyprus-based company Medier, which alleges the former heavyweight champion wrongfully terminated a promotional contract to pursue his Netflix-sponsored fight with Jake Paul.
The lawsuit, filed in London’s High Court against Tyson and his company Tyrannic, claims the boxing legend improperly ended their January agreement in March. “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,” according to court documents.
Medier, which promotes betting company Rabona, seeks recovery 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.” Tyson’s legal team contends Medier breached the contract by failing to obtain approval for promotional materials.
The 58-year-old Tyson reportedly earned $20 million for the widely criticized bout against 27-year-old Paul last month at AT&T Stadium in Dallas, which drew over 70,000 fans. Paul won by unanimous decision in the eight-round Netflix-streamed event.
