david beckham embroiled in a legal battle with mark wahlberg, over a failed contract related to the promotion of Wahlberg's fitness brand, a famous Hollywood actor. The former soccer player claims he has suffered significant financial losses, estimated at $8.5 million, as a result of the failed partnership.
Beckham's partnership with F45, which was supposed to champion players' own customized workouts, fell apart after a promised battle for market share failed to materialize.
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The legal dispute has been ongoing since October 2022, when Beckham and the golf legend fought. Greg Norman A lawsuit was filed against F45 in a California court. Despite efforts to resolve the issue, the dispute continues, with legal proceedings extending for several years and attracting media attention.
Before, david beckhamDavid Beckham Ventures Ltd. (DBVL) was seeking up to $18.85 million in damages from F45, according to records filed last year.
However, this lawsuit seeks direct damages from Mark Wahlberg Investment Group. mark wahlbergalso from F45 founder Adam Gilchrist and Rob Deutschaccording to recent reports.
rear david beckham The soccer player moved to Los Angeles with his family in 2007, when he Major League Soccer's LA Galaxy, he struck up a friendship with Mark Wahlberg. In November 2020, Beckham agreed to become Australian brand F45's global brand ambassador, and was pictured vibrantly training on the brand's equipment in one of its gyms.
He also shared posts on his Instagram promoting the F45 to his millions of followers as part of the deal, but those posts have since been deleted.
As part of the deal, Beckham was promised a share in the company in early 2022, according to DBVL. However, those shares were not delivered until several months later, by which time the stock price had fallen significantly from about $12 per share. Down to just $3 per share. This is at the center of a legal dispute between the two countries. beckham and wahlbergwith F45 founder Adam Gilchrist and Rob Deutsch.
David Beckham's lawyers claim delays in the agreed share issue cost him up to $8.5 million in potential profits.
The Sun reports that Mark Wahlberg and other defendants are trying to discredit the allegations of “misconduct” by claiming they are baseless. F45's stock price in the US has not recovered from its initial $16.
The company's stock is currently worth just 15 cents, according to the latest market data. Additionally, the company experienced a number of franchise closures in several countries, including Australia, the United States, the United Kingdom, and Ireland. Wahlberg acquired a minority stake in F45 through his own investment group in 2019.
