David Beckham sued Mark Wahlberg’s fitness company for breach of contract. The legal dispute has now been settled.
David Beckham (49) and Mark Wahlberg (53) have reached an agreement before their trial. In April it was announced that the ex-football star and his company DB Ventures Ltd. had filed a lawsuit against the actor and his fitness company F45. The lawsuit involved several million dollars, which Beckham was defrauded of due to a breach of contract. As the company has now announced in a statement that has been made available, the legal dispute has been settled.
F45 Training stated that they “have reached an agreement to settle a previous lawsuit brought by DB Ventures Limited concerning an ambassadorship agreement for David Beckham.” The athlete will remain an investor in the fitness company. “We are pleased that we have made a mutual business decision,” said Tom Dowd, CEO of F45 Training.
F45 is said to have cheated and exploited David Beckham
According to court documents obtained by People, Beckham filed the lawsuit in October 2022. He is seeking a total of $18.8 million, or around 17 million euros, for alleged breach of contract in connection with an endorsement deal with F45 signed in 2020.
According to the report, he did not receive sufficient compensation for his partnership with Wahlberg’s company. He was promised shares for the fitness deal, but these were not initially transferred to him. The – allegedly deliberate – delayed transfer of ownership led to a loss in the millions due to falling share prices. Beckham’s lawyers also claimed that the company had profited from the relationship with Beckham, which is why he was entitled to a further share of the profits.
Before the agreement could be reached on Thursday (June 6), the lawsuit was scheduled to go to court in January 2025.
Source: Stern
I am an author and journalist who has worked in the entertainment industry for over a decade. I currently work as a news editor at a major news website, and my focus is on covering the latest trends in entertainment. I also write occasional pieces for other outlets, and have authored two books about the entertainment industry.
