Nate Diaz has filed a lawsuit towards Fanmio, claiming the corporate nonetheless owes him $9 million from his contracted purse for his current boxing match towards Jorge Masvidal.
The lawsuit was filed within the U.S. District Courtroom, Southern District of Florida on Monday. TMZ initially reported the information. Fanmio served because the promoter of the Masvidal bout.
Within the 17-page doc obtained by MMA Preventing, Diaz particularly singles out Fanmio and proprietor/president Solomon Engel for allegedly agreeing to pay him a sum of $10 million for the battle towards Masvidal. The lawsuit alleges that Fanmio agreed to pay Diaz $1 million upfront with the extra $9 million fee due after the battle.
Diaz claims “outright fraud” by Fanmio and Engel after guaranteeing the $10 million payday each contractually and verbally.
Regardless of a sold-out Honda Heart in Anaheim for the occasion, the place Diaz scored a majority determination win over Masvidal, the lawsuit alleges that Fanmio is now refusing to pay him the complete contracted purse. From the lawsuit filed on Monday:
“Fanmio and Engel at the moment are reneging on their written and oral guarantees and ensures to pay $9 million owing to Diaz as a result of they declare they’ll lose cash on the occasion. In a flurry of determined calls to Diaz’s representatives following the occasion, Engel despondently groveled that he was going to lose extra money than he had anticipated on the occasion if he paid Diaz what he had promised and that his spouse would possibly divorce him due to the monetary losses. Engel went as far as to threaten he may need to declare chapter to keep away from paying Diaz what he owed.”
The lawsuit claims Fanmio and Engel “deliberately lied” to Diaz and his representatives about having cash put aside to make the complete payout for his contracted wage and said that the corporate’s lawyer despatched them paperwork in writing that assured the payout, with the funds allegedly being held in an “impartial assortment account.”
Because the battle’s conclusion, Diaz claims he hasn’t been paid, which led to the lawsuit being filed towards Fanmio and Engel.
Diaz is now looking for punitive damages as nicely “primarily based on the intentional misconduct and fraud” allegedly dedicated by Fanmio and Engel.
