David Beckham has filed a lawsuit against actor Mark Wahlberg and his business partner over an alleged botched fitness endorsement deal, the Daily Mail reported on Saturday.
The controversy revolves around F45, a fitness brand in which Wahlberg has invested, which has recruited Beckham to endorse personalized workout programs. The collaboration between the two began in November 2020, with Beckham appearing in promotional ads and social media. However, the partnership soured as a dispute arose over shares that Beckham claimed were promised to him. according to to the Daily Mail.
This legal dispute dates back to her relationship with Beckham. wahlberg In 2007, he moved to Los Angeles and joined the LA Galaxy. Their friendship turned into a professional relationship, with Beckham reportedly supporting F45 and believing he would receive his shares in early 2022. However, the disclosure of these shares was allegedly delayed, causing Beckham to suffer significant financial losses (estimated at $10.5 million) as the value of the shares plummeted starting in 2022. They cost about $12 to $3 each, the Daily Mail reported.
David Beckham sues Mark Wahlberg’s F45 Fitness company for $10 million | Click to read more 👇 https://t.co/2uD0YwaUPI
— TMZ (@TMZ) April 21, 2024
The dispute went to court after Beckham’s company, David Beckham Ventures Limited (DBVL), initially sought nearly $19 million in damages from F45 for unfulfilled promises. The lawsuit has now expanded to include direct claims against Wahlberg’s investment group and F45 founders Adam Gilchrist and Rob Deutsch, the newspaper said. (Related: ‘I was a little pissed off’: Mark Wahlberg talks about his experience filming Martin Scorsese’s film)
According to the Daily Mail, F45 is currently facing widespread financial difficulties, with its stock price falling from an initial high of $16 to just 15 cents and franchises closing in several countries, including the United States and Australia. It is said that there is. Mr. Wahlberg and his associates have moved to dismiss Mr. Beckham’s accusations of misconduct, contesting the claims as baseless.
