Soccer icon David Beckham is suing actor Mark Wahlberg through his company, alleging that Beckham lost millions of dollars due to improper marketing practices for Wahlberg’s fitness studio brand.
Beckham’s DB Ventures reportedly launched a lawsuit against Wahlberg’s part-owned fitness chain F45 Training Holdings in 2022, after Beckham served as the company’s global ambassador.
The paper said Beckham claimed he was misunderstood when he started working for the company. Independentas a result, he ended up losing £8.5 million, equivalent to US$10.5 million.
The alleged “fraud” occurred when Mr Beckham was reportedly promised shares but did not receive them until several months later, when the stock price plummeted from about $12 to about $3.
In May 2023, Yahoo announced that the company notified by the New York Stock Exchange This means that it did not meet the listing criteria. In August 2023, F45 Training Holdings announced that it would be delisted from the New York Stock Exchange following a 75% share price decline. Sun I got it.
Wahlberg and his co-defendants said they called the fraud claims baseless and asked the judge to dismiss the case.
The motion to dismiss reportedly alleges that the Beckham Group blamed others for their mistakes and stated, “SAC on page 209, paragraph 610.” [complaint] What it lacks in length, it is trying to make up for in length. ”
It was initially reported that Beckham was teaming up with Australian golfer Greg Norman in 2022 to file a lawsuit worth $20 million over withheld payments. daily mail. However, the judge told them they would have to file separate lawsuits.
F45 has more than 2,000 studios around the world, including 1,000 in the United States and approximately 500 in Australia.
Mr. Wahlberg became a minority shareholder in the company in 2019 after purchasing a stake through the same investment group that Mr. Beckham is suing.
As for their friendship, the former English and Spanish League soccer player became friends with the Hollywood actor after he moved to Beverly Hills, California with his pop star wife Victoria in 2007. Wahlberg, 52, and Beckham, 48, were neighbors when the soccer player made his shock move to American sports league Major League Soccer.
Beckham left behind many achievements. social media posts Since becoming F45’s global ambassador, he has been promoting the F45, but the post appears to have since been deleted.
The company bills itself as a “life-changing gym” with “functional team training” and typically displays group training sessions with the feel of a high-end fitness studio.
Current financial data is F45 stock At about 15 cents per share, it is actually the highest price in August 2023.
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