Hollywood actor and fitness guru Mark Wahlberg is being sued by David Beckham after a deal for the footballer to promote the star’s fitness brand went sour – and reportedly left the Golden Balls more than £8 million out of their own pocket.
Becks, 48, is suing the actor and his associates after the partnership with F45, which saw the midfielder promote his own range of personalized workouts, deteriorated following actions allegedly promised to him.
The case has been going on for several years after Beckham and golf legend Greg Norman filed complaints against F45 in California courts in October 2022 – before a judge apparently ruled they should file separate lawsuits.
Beckham’s company, David Beckham Ventures Ltd (DBVL), previously sought damages of up to $18.85 million (£15.2 million) from F45, according to documents filed last year.
But the new case now seeks damages directly from Wahlberg’s Mark Wahlberg investment group as well as F45 founders Adam Gilchrist and Rob Deutsch, according to reports.
David Beckham is suing Mark Wahlberg and his associates over an alleged loss of £8.5 million worth of shares in fitness company F45.
Hollywood actor Wahlberg purchased a minority stake in F45 in 2019 through his investment company
Beckham’s partnership with F45 saw him launch a series of themed workouts – with glossy photos showing him working out with F45-branded fitness equipment.
He also promoted F45 on his personal social media accounts – with a post posted days after the deal was signed (above).
Becks and Wahlberg became friends after the soccer player and his family moved to Los Angeles in 2007 when he signed a deal to join Major League Soccer team LA Galaxy.
He then agreed to become the global ambassador for Australian brand F45 in November 2020 – with glossy photographs showing him working out with branded equipment at one of its fitness centers.
He also shared a few posts on his Instagram promoting the F45 to his millions of followers as part of the deal. The messages have since been deleted.
As part of the deal, DBVL alleges that the company’s shares were promised to be shared in early 2022 – but that the shares were not disclosed until months later, when the stock price stock had fallen from about $12 per share to $3 per share.
Beckham’s lawyers claim it cost him up to £8.5 million in potential profit due to the delay in delivering to his company the shares promised in the deal.
The Sun reports that Wahlberg and his co-defendants seek to dismiss the allegations of “fraudulent conduct” as baseless and baseless.
F45’s stock price in the United States never recovered from its initial price of $16.
The company’s shares are now worth just 15 cents, according to the most recent market data, and the company has faced franchise closures in several countries, including its native Australia, the United States, the United Kingdom. United and Ireland.
Wahlberg became a minority shareholder in F45 in 2019 after purchasing a stake in the company through his investment group.
Reps for Beckham and Wahlberg have been contacted for comment.
dailymail us
