Mike Tyson is going to face a serious legal battle. The UK-based Medier, which represents the online casino and betting platform Rabona, accuses Tyson and his company, Tyrannic, of breaching the January-signed contract. This issue arose from Tyson’s decision to take part in a Netflix boxing bout with YouTuber-turned-boxer Jake Paul, which aired in March. Medier claims the breach occurred due to a scheduling issue and maintains that Tyson’s actions resulted in damages to the company worth $1.59 million (1.5 million euros).
Medier’s lawyer says, “The true reason for Mr. Tyson and Tyrannic’s hasty and unlawful termination was because Mr. Tyson had agreed [to] a deal, sponsored by Netflix, to fight the influencer Jake Paul.”
The Saudi Royal’s $700 Million Offer to Tyson
Adding an interesting twist to the situation, Turki Alalshikh, the head of Saudi Arabia’s General Entertainment Authority, reportedly offered Tyson a staggering $700 million to fight Jake Paul in a “real fight,” where he would need to knock out Paul within three minutes. Alalshikh referred to Paul as “a joke” and publicly announced, “I am giving Mike Tyson $700 million if he agrees to fight Jake Paul this time in a real fight and wins by KO in a maximum of three minutes.”
This comes after Tyson’s recent bout with Paul, which aired live on Netflix to millions of viewers but was criticized as a lackluster event that some believed was staged. Alalshikh’s offer presents Tyson with an opportunity to redeem himself in a more competitive environment.
Tyson’s Defense Against the Allegations
Tyson’s representatives issued a statement defending the boxer’s actions. The company contends that Medier, Ltd. materially breached the terms of its license agreement on multiple occasions and in various ways. Tyrannic, LLC believes that it was well within its legal and contractual rights to terminate the license agreement for material breach to mitigate further reputational harm to the Tyson brand.
This back-and-forth sets the stage for a legal battle where Tyson’s commitment to new opportunities could clash with the fallout from his past agreements.
ALSO READ: Malaysian Footballer Assaults Opponent During Match; Attack Caught On Camera
