David Beckham is suing Mark Wahlberg after a brand deal went sour.
Beckham’s company, DB Ventures Limited, alleges that the former soccer star was “duped” into signing on with F45 Training, Wahlberg’s fitness company. Now, Beckham says the deal has cost him more than $10 million, according to The Sun,w which cited a lawsuit.
The two stars became friends after Beckham relocated to Los Angeles in 2007 when he signed a deal to join Major League Soccer’s LA Galaxy. He then agreed to become the global ambassador for F45 in November 2020. As part of the gig, Beckham shared his own personalized workouts and promoted the company to his 87 million Instagram followers. Those posts have since been deleted.
David Beckham companions with F45 Coaching to launch DB45 in Miami.
(Photograph by Alexander Tamargo/Getty Photographs for F45 Coaching)
In accordance with paperwork obtained by The Solar, DB Ventures claims Beckham was promised shares in F45 in early 2022, however the shares weren’t divulged till months later. By that point, the worth had plummeted from $12 to $3 a share. Beckham’s legal professionals declare this delay price him as a lot as $10.5 million in potential revenue.
Shares within the agency are actually price simply 15 cents, and the corporate has been pressured to shut franchises in a number of international locations, together with Australia, the USA, the UK and Eire.
Initially, Beckham had teamed up with former professional golfer Greg Norman for the lawsuit, however a choose later informed the boys they needed to sue individually.
(Greg Lovett-USA TODAY NETWORK)
Wahlberg and his co-defendants — F45 founders Adam Gilchrist and Rob Deutsch — declare the allegations of “fraudulent conduct” are baseless and have requested a choose to dismiss the lawsuit.