Photo: Henry Nicholls/REUTERS/Grosby Group
Former soccer player David Beckham has filed a lawsuit against the fitness company F45 to demand high compensation as a result of breaches of contract in which the firm would have incurred. The husband of the designer Victoria Beckham, as well as the former professional golfer Greg Norman, had given their image rights to the company, also participating in various advertising campaigns, in exchange for a notable remuneration, both in cash and in shares, which never came. to receive
Beckham and Norman’s lawyers accuse F45 of not having respected its contractual obligations due not only to “macroeconomic pressures” derived from the current international situation, but also to inefficient and negligent management of its finances. In the specific case of the former striker for Manchester United and Real Madrid, his relationship with the entity could end up damaging his own credibility and reputation, since some of the lucrative businesses that the company undertook depended on its fame and prestige.
In court documents obtained by The Blastthe two former athletes refer to tax practices of dubious morality by F45, whose stock market value has plummeted in recent times. Beckham’s lawyers point out in the lawsuit that his stake in the company, which also has former basketball player Magic Johnson among its partners, has gone from being estimated at more than 11 million dollars to being reduced to just 1.97 millions.
Likewise, Beckham and Norman attribute unfair and discriminatory treatment to F45 with respect to their interests, since other renowned ‘collaborators of the company, such as actor Mark Wahlberg, would not have been so affected by the crisis that the brand is going through. According to them, the Hollywood star has been given “preference” in the distribution of increasingly meager profits.
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