David Beckham is involved in a legal battle with Mark Wahlberg. Mark is a well-known Hollywood actor, and the matter is on the failed deal related to the promotion of Wahlerg’s fitness brand. The former English footballer David Beckham claims he has suffered a considerable financial loss estimated at $8.5 million as an act of failed partnership.
The partnership collapsed due to a dispute over promised shares, which never materialized. In the partnership between F45 and Backham, the athlete was supposed to endorse his line of personalized workouts.
This legal dispute has dragged on since October 2022, when Beckhma along with gold legend Greg Norman filed a case against F45 in courts of California. Despite several efforts to solve the matter, the dispute continues which leads to prolonging the legal process for many years and generating media attention.
Earlier, Beckham’s company, David Beckham Ventures Ltd (DBVL) sought compensation of up to $18.85 million from F45, as per the records filed the previous year.
However, according to the latest reports, in this latest legal action, it is now seeking to recover damages directly from Mark Wahlberg Investment GRoup, which is owned by Mark Wahlberg, and also from F45 founders Adam Gilchrist and Rob Deutsch.
In 2007, after Beckham moved to Los Angeles with his family, the footballer signed with Major League Soccer’s LA Galaxy, he got engaged in a friendship with Mark Wahlberg. In November 2020, Beckham agreed to become a global ambassador for Australian brand F45, and was seen in training with the brand’s gyming equipment in one of its gyms.
He shared various posts on his social profiles referring Brand F45 to his million of followers as a part of this deal, although these posts have since been vanished.
According to reports of DBVL, as a part of this deal, Beckham was promised to share shares in the company in early 2022. However, these shares were not allotted until several months later, by which time the share price had fallen significantly. This has been at the center of a legal dispute between Wahlberg and Beckham, along with F45 founders Rob Deutsch and Adam Gilchrist.
Beckham’s lawyers allege that the delay in allotting shares has cost him up to $8.5 million in terms of potential profit.
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