At 58, Tyson is back in court, as, according to a report by Front Office Sports, the former “most dangerous man in the world” is being sued by Medier for an amount close to $1.6 million USD, for failing to meet commitments agreed to in his contract. According to the report, Tyson had agreed to a $2 million deal in January with Rabona, a sports betting site, but canceled it in March, the same day his fight with Jake Paul was announced.
Tyson claims that Medier, a Cyprus branding agency that promotes online betting firm Rabona, breached the deal by using his name in a press release and creating three websites without his approval. The agency issued a statement saying it was for a streaming event and did not need his approval, and the websites directed to a page that Tyson had approved.
Medier filed the lawsuit on Oct. 2 in the United Kingdom, arguing that Tyson’s decision to terminate the agreement was “invalid” and that the breach of contract caused them great financial losses.
Medier contends that Tyson walked away from the deal to avoid making appearances in Europe, which directly coincided with the promotion of his fight with Jake Paul last July. The fight was then moved to November due to a medical issue Tyson was suffering from. “The company’s position is that Medier Ltd. materially breached the terms of the license agreement on multiple occasions and in a variety of ways,” Tyson’s attorneys said in an email to Front Office Sports.
“Therefore, Tyrannic, LLC (Tyson’s company) was within its legal and contractual rights to terminate the license agreement for material breach in order to mitigate further damage to the reputation of the Tyson brand.”
Medier's lawyers told Reuters: "The real reason for Mr. Tyson and Tyrannic's hasty and unlawful termination was because Mr. Tyson had agreed to a Netflix-sponsored deal to fight influencer Jake Paul."
Mike Tyson reportedly earned $20 million for his loss to Jake Paul, a boxing match that left much to be desired but was watched by 108 million people worldwide on Netflix.
