London, UK — Boxing legend Mike Tyson is confronting a lawsuit exceeding $1.5 million, filed by Cyprus-based company Medier, which alleges that Tyson violated a promotional agreement to participate in a bout against YouTuber-turned-boxer Jake Paul.
Medier, promoter of the online casino and betting platform Rabona, asserts that Tyson terminated their contract in March 2024, coinciding with the announcement of his fight with Paul. The company contends that this termination was unjustified and has resulted in substantial financial losses.
The lawsuit, submitted to London’s High Court, seeks the return of over $800,000 in fees paid to Tyson, along with approximately $729,000 in expenses related to production and promotion. Medier claims that Tyson’s engagement in the high-profile match with Paul, held at AT&T Stadium in Texas, breached their existing agreement.
Tyson, 58, faced Jake Paul, 27, in a widely publicized event that attracted significant viewership. The fight, streamed on Netflix, encountered technical difficulties, leading to a separate class-action lawsuit against the streaming service due to widespread buffering issues.
In the aftermath of the fight, Tyson’s family has expressed concerns about his future in boxing. His wife, Lakiha Spicer, has reportedly insisted that he retire, emphasizing health considerations. Tyson’s son, Amir, echoed these sentiments, acknowledging his father’s determination but highlighting the family’s apprehensions.
As of now, Tyson and his company, Tyrannic, have not publicly responded to the lawsuit filed by Medier. The case underscores the complex interplay between sports contracts and promotional obligations, especially as traditional athletes engage in events with new media personalities.
Sources:
- Fox News: Mike Tyson faces $1.5 million lawsuit over alleged contract violation in order to fight Jake Paul
- Reuters: Mike Tyson sued in UK for ditching promotion deal to fight Jake Paul
- New York Post: Mike Tyson sued for $1.6 million over allegedly breaking promotional deal to fight Jake Paul
