Mike Tyson sued for $1.5 million after alleged contract breach before Jake Paul fight

NEW DELHI: Former heavyweight boxing champion Mike Tyson is facing a legal battle with a Cyprus-based company called Medier, which promotes the betting company Rabona. Medier has filed a lawsuit against Tyson and his company, Tyrannic, in the High Court of London, seeking more than $1.5 million in damages.
The lawsuit alleges that Tyson wrongfully terminated a promotional contract signed in January, in order to pursue a fight against the influencer Jake Paul, which was sponsored by Netflix.
According to the filing, Medier claims that Tyson cited a breach of agreement on their part as the reason for terminating the deal in March, but the "true reason" was the opportunity to fight Paul.
Medier is seeking the return of more than $800,000 in fees paid to Tyson, for which they claim no services were provided, as well as $729,000 in "wasted production and promotion costs."

The lawsuit states that Tyson's decision to terminate the contract was "hasty and unlawful."
Tyson's lawyers, on the other hand, argue that Medier breached the contract by failing to obtain Tyson's approval of promotional materials, as required by the agreement.
The legal dispute arises from Tyson's highly publicized exhibition bout against Jake Paul last month, which took place in front of more than 70,000 fans at the home of the NFL's Dallas Cowboys. Paul won the eight-round fight by unanimous decision, and the event was streamed live on Netflix, reportedly earning Tyson $20 million.
While the details of the contractual obligations and alleged breaches are yet to be fully examined in court, the lawsuit highlights the complexities and potential conflicts that can arise in high-profile promotional deals and sporting events.