David Beckham is suing actor Mark Wahlberg after a fitness brand deal soured — leaving him $16.4 million (£8.5 million) out of pocket.
His firm, DB Ventures Ltd, is claiming the Hollywood star “duped” the England football legend into working with F45
Beckham, 48, agreed to be the firm’s global ambassador when he moved to LA, where he and Wahlberg, 52, became friends.
He is also suing the actor’s firm, Mark Wahlberg Investment Group (MWIG), and gym group F45’s founders Adam Gilchrist and Rob Deutsch.
He claims he lost more than $16.4 million when stocks he was promised were withheld until after share prices plummeted.
Wahlberg and his co-defendants claim the allegations of “fraudulent conduct” are baseless and have asked a judge to dismiss the lawsuit.
Beckham featured in a number of since deleted social media posts promoting F45 in his role as an ambassador for them.
F45 was founded in Sydney’s Paddington where its first gym was opened by Adam Gilchrist (not the cricketer) and Deutsch in 2012, before expanding into the US in 2015.
In 2019, Wahlberg’s investment firm and another investor, FOD Capital bought a minority stake in the business.
Deutsch sold his stake for an estimated US$145 million (A$224 million) before the company listed on the NYSE in July 2021.
The defendants’ motion to dismiss goes further to say DBVL are blaming everyone but themselves, adding: “The 209-page, 610-paragraph SAC [complaint] tries to make up with length what it lacks in merit.
Initially, Beckham teamed up with golfing legend Greg Norman who also had a grievance against F45, but a judge would later tell the pair they had to sue separately.
The former Man Utd and Real Madrid ace lived in the same Beverly Hills neighbourhood as Wahlberg when he and Victoria moved to Los Angeles in 2007 and became close pals with the star.
News
Elon Musk Makes Headlines with Bold Call to Ban ‘The View’: “Why Does Musk Want ‘The View’ Off the Air? Sparks Debate Over TV Preferences”
‘The View,’ a famous daytime talk programme, has Elon Musk’s strong displeasure, an audacious statement that has created debates nationwide. Taking to social media to air his grievances, the software mogul—who is notoriously forthright and unafraid of controversy—said that he…
Breaking: Dennis Quaid Joins Roseanne Barr and Tim Allen in New Non-Woke Actors’ Alliance
In an era where the entertainment industry is frequently polarized by social and political ideologies, a new alliance is making headlines. Veteran actors Roseanne Barr and Tim Allen have launched a “Non-Woke Actors’ Alliance,” and their latest addition, Dennis Quaid,…
Breaking: Caitlin Clark Secures Place in 2024 Olympics Amid Brittney Griner’s Disqualification – What Does This Mean for Team USA?
In a dramatic turn of events in the world of basketball, Caitlin Clark has qualified for the U.S. women’s basketball team for the 2024 Olympics, while Britney Griner, one of the sport’s most iconic players, has been disqualified. This unexpected…
Breaking: CBS Offers Tim Allen and Richard Karn $1 Billion for Non-Woke Sitcom “Bound to Make Waves” – Will It Redefine Television?
In a groundbreaking move that promises to redefine sitcom television, CBS has offered Tim Allen and Richard Karn a staggering $1 billion deal to create a non-woke sitcom. This bold investment reflects CBS’s commitment to fostering creative freedom and addressing…
Breaking: Elon Musk Unveils New ‘Non-Woke’ Social Media Platform to Rival Meta – What Are His Plans and Will It Change the Social Media Landscape?
Elon Musk, often known for his ventures into space and electric vehicles, is now stepping into a new arena: social media. His latest venture aims to challenge the dominance of platforms like Facebook, promising a fresh approach to free speech…
Breaking: Beyoncé Quits Country Music After Disappointing Reception of ‘Cowboy Carter’ Album, Leaving Fans and Critics Wondering What’s Next and Why She Feels “Nobody Listens to Me Anymore”
In a surprising turn of events, Beyoncé has announced her departure from the country music scene following the underwhelming reception of her latest album, “Cowboy Carter.” The multi-talented artist expressed disappointment after her venture into country music failed to resonate…
End of content
No more pages to load