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Mike Tyson, the former heavyweight boxing champion, is facing a lawsuit from Cyprus-based company Medier.
The lawsuit states he allegedly abandoned a promotional agreement with their online casino and betting brand, Rabona, to focus on his recent fight against social media influencer-turned-boxer Jake Paul.
Tyson sued after $20M Paul payday
The lawsuit, filed in London's High Court, seeks $1.59 million in damages, including over $800,000 in fees paid to Tyson and $729,000 for what the company describes as wasted promotional expenses.
Medier claims that Tyson prematurely terminated their agreement, signed in January, without justification, and instead shifted his attention to a Netflix-sponsored deal for the fight with Paul.
Court documents allege that Tyson's withdrawal from the Rabona promotion coincided with the March announcement of his bout against Paul, initially scheduled for July 20.
Tyson's camp, however, argues that the termination was lawful, citing multiple breaches of contract by Medier, including unauthorized use of promotional materials.
"Medier materially breached the of its agreement with Tyrannic multiple times by exceeding the scope of the restricted license that was granted, causing financial and reputational damage to the company and Mr. Tyson,"Tyson's legal team said in a statement.
"Tyrannic properly terminated the agreement and is confident the Court will view this dispute in its favor."
Medier denies these allegations, asserting that the fight with Paul, which reportedly earned Tyson $20 million, was the real reason for the abrupt termination.
The fight itself, held at AT&T Stadium in Arlington, Texas, marked Tyson's return to the ring after 19 years.
The highly anticipated intergenerational matchup between the 58-year-old former champion and 27-year-old Paul drew significant attention but ultimately failed to meet expectations.
Paul secured a unanimous decision victory in a lackluster bout streamed live on Netflix.
As the legal battle unfolds, Tyson's team remains steadfast in their belief that the facts will vindicate him.
Meanwhile, Medier continues to press for financial restitution, framing the case as a breach of trust and contractual obligations.