Mike Tyson faces $1.5 million lawsuit over alleged breach of contract to fight Jake Paul

Legendary boxer Mike Tyson broke records when he returned to the ring to fight Jake Paul last month.

However, one company claims it has breached another, leading to a major lawsuit filed at London’s High Court on Monday.

Tyson and his company, Tyrannic, are being sued for more than $1.5 million by Medier, who promotes betting company Rabona, alleging that he wrongfully terminated their advertising contract in March.

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The suit said Tyson alleged that Medier breached their contract, which was signed in January. But the company is denying that now.

“The real reason Mr. Tyson and Tyrannic were fired so hastily and illegally is because Mr. Tyson agreed. [to] agreement, sponsored by Netflix, to fight promoter Jake Paul,” the lawsuit said.

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Tyson’s lawyers say Medier breached the contract after failing to get Tyson’s approval for the promotional materials.

Mike Tyson, left, punches Jake Paul during their heavyweight boxing match, Nov. 15, 2024, in Arlington, Texas. (AP Photo/Julio Cortez)

Medier is seeking more than $800,000 in back payments to Tyson “for which no services were provided” and $729,000 in “wasted production and promotional costs,” according to the lawsuit.

While Tyson lost a penalty fight, continuing his professional boxing record, he earned $20 million for the fight against Paul.

More than 72,000 fans were at AT&T Stadium in Dallas to watch the game, more than the millions who watched on Netflix.

Mike Tyson (Cooper Neill/Getty Images for Netflix/File)

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Over 108 million viewers watched the event, and while it wasn’t the best boxing match, it was the most televised sporting event in history.

The Associated Press contributed to this report.

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