Tag: Fanmio

Fanmio issues statement after Nate Diaz files lawsuit over payment dispute: ‘The truth with triumph’

Fanmio issue statement after Nate Diaz files lawsuit the truth with triumphFanmio has responded to Nate Diaz’s lawsuit as the ex-UFC fighter claimed he did not get paid for his…

Fanmio issue statement after Nate Diaz files lawsuit the truth with triumph

Fanmio has responded to Nate Diaz’s lawsuit as the ex-UFC fighter claimed he did not get paid for his boxing match against Jorge Masvidal.

TMZ Sports first reported that Diaz and his team sued Fanmio for not paying him the $10 million that was owed for his boxing match. Diaz claims his contract said he would be paid $1 million upfront and then $9 million after the fight. However, he has yet to get the money and in a 17-page lawsuit, his team claimed Fanmio who broadcasted the fight and their owner Solomon Engel lied to him and had no plans of paying him the money.

UFC warned it'll cost millions and millions for Nate Diaz to return he's an icon

“Fanmio and Engel are now reneging on their written and oral promises and guarantees to pay $9 million owing to Diaz because they claim they are going to lose money on the event. In a flurry of desperate calls to Diaz’s representatives following the event, Engel despondently groveled that he was going to lose more money than he had anticipated on the event if he paid Diaz what he had promised and that his wife might divorce him because of the financial losses. Engel went so far as to threaten he might have to declare bankruptcy to avoid paying Diaz what he owed.”

Nate Diaz reveals 4 week bender before Jake Paul fight I could sleep easy fighting that guy

After Diaz’s lawsuit went public, Fanmio issued a press release responding to it and claimed they had paid Diaz and are looking forward to the legal system proving they are right.

“Nate Diaz has filed a frivolous lawsuit against Fanmio which claims that fraud and breach of contract were committed by Fanmio, yet neither has taken place. In fact, Diaz has already been paid seven figures in connection with the fight. I look forward to resolving this dispute through the appropriate process and am confident that justice will prevail. Making salacious and defamatory statements to the media in order to harm my family and I has only strengthened my resolve to ensure that the truth will triumph.”

Whether or not this will go into the legal system and in front of a court is uncertain, but Fanmio claims they have paid Diaz, despite his lawsuit.

Nate Diaz eyes Jake Paul rematch

Nate Diaz picked up a decision win over Jorge Masvidal earlier this month in a rematch of their UFC fight which ‘Gamebred’ won by doctor stoppage.

Nate Diaz reacts to Conor McGregor's $1,625.000 bet win after Jorge Masvidal fight that's cool

After his win over Masvidal in boxing, Diaz is hopeful to get a rematch with Jake Paul, who he dropped a decision to last summer.

“(Paul) was just off the top of my head that I would like to whip his ass,” Diaz said at the post-fight press conference. “I’d like to get a win against Leon Edwards, who is the best fighter in the world right now at 170.”

Nate Diaz is now 1-1 as a pro boxer following the win over Masvidal.

Fanmio CEO Releases Statement After Being Sued By Nate Diaz, Accuses Ex-UFC Star Of ‘Salacious & Defamatory’ Claims

Fanmio and its CEO, Solomon Engel, have vehemently refuted the recent claims made by former UFC star Nate Diaz. On Monday, Diaz’s attorney, Jeremiah Reynolds, filed a lawsuit against the promoter in U.S. District Court in Miami, accusing Engel and his company of fraud and breach of contract in relation to his recent boxing match. […]

Continue Reading Fanmio CEO Releases Statement After Being Sued By Nate Diaz, Accuses Ex-UFC Star Of ‘Salacious & Defamatory’ Claims at MMA News.

Fanmio and its CEO, Solomon Engel, have vehemently refuted the recent claims made by former UFC star Nate Diaz.

On Monday, Diaz’s attorney, Jeremiah Reynolds, filed a lawsuit against the promoter in U.S. District Court in Miami, accusing Engel and his company of fraud and breach of contract in relation to his recent boxing match.

The Stockton native headlined an event earlier this month alongside fellow ex-UFC fighter Jorge Masvidal, with the pair running it back in the ring almost five years on from their first clash in the Octagon at Madison Square Garden.

“Gamebred” emerged victorious in MMA, but it was Diaz who had his hand raised inside Anaheim’s Honda Center on July 6. But the boxing event’s story unfortunately hasn’t concluded with the result.

According to Diaz, he’s owed $9 million by Fanmio. The suit alleges that a $10 million overall purse had been agreed verbally and in writing, with $1 million to be paid up front and $9 million post-fight.

But the former UFC star claims Engel is not paying the $9 million fee having not profited off the fight as expected. The suit also claims that the Fanmio CEO told Diaz he couldn’t pay the $9 million over fears his wife would divorce him due to the financial loss.

Fanmio CEO Hits Back At Diaz’s ‘Frivolous’ Lawsuit

Once TMZ broke news of Diaz’s lawsuit against Fanmio, it didn’t take long for the company’s chief to release a statement.

In it, Engel accused his event’s headline victor of making “salacious and defamatory” claims in attempt to harm him and his family. He added that the “frivolous” suit has only encouraged him to ensure the “truth” emerges.

Interestingly, part of the Fanmio CEO’s defense in the statement was to insist that Diaz has “already been paid seven figures.” That fact isn’t something Diaz has denied, with the suit stating the $1 million was paid up front, but the agreed figure to be paid following the match was not.

“Nate Diaz has filed a frivolous lawsuit against Fanmio which claims that fraud and breach of contract were committed by Fanmio, yet neither has taken place. In fact, Diaz has already been paid seven figures in connection with the fight. I look forward to resolving this dispute through the appropriate process and am confident that justice will prevail. Making salacious and defamatory statements to the media in order to harm my family and I has only strengthened my resolve to ensure that the truth will triumph.”

Diaz’s suit also alleges that he was paid the $500,000 purse that was disclosed to the commission but was asked to return it in favor of getting the $9 million in one lump sum. The former UFC star claims he agreed out of good faith but hasn’t received a penny since.

Continue Reading Fanmio CEO Releases Statement After Being Sued By Nate Diaz, Accuses Ex-UFC Star Of ‘Salacious & Defamatory’ Claims at MMA News.

Nate Diaz Sues Fanmio Over $9 Million Unpaid Purse For Jorge Masvidal Fight, Promoter Allegedly Blames Possible Divorce

Just over a week on from the boxing fight on Fanmio between Nate Diaz vs. Jorge Masvidal, the victorious Stockton star has sued the company and its owner over claims he’s yet to be paid 90 percent of the agreed purse. Over four years on from their highly anticipated showdown inside the Octagon at UFC […]

Continue Reading Nate Diaz Sues Fanmio Over $9 Million Unpaid Purse For Jorge Masvidal Fight, Promoter Allegedly Blames Possible Divorce at MMA News.

Just over a week on from the boxing fight on Fanmio between Nate Diaz vs. Jorge Masvidal, the victorious Stockton star has sued the company and its owner over claims he’s yet to be paid 90 percent of the agreed purse.

Over four years on from their highly anticipated showdown inside the Octagon at UFC 244, Diaz and Masvidal ran it back in a different environment on July 6.

While Madison Square Garden played host to “Gamebred’s” victory in MMA, a packed-out crown inside Anaheim’s Honda Center witnessed the pair run it back in the boxing ring last Saturday.

Diaz successfully exacted his revenge, outpointing Masvidal across a competitive and entertaining 10 rounds of action. But his celebrations have evidently been cut short by a financial dispute with Fanmio.

TMZ reported this week that Diaz is suing promoter Solomon Engel and his company over a substantial amount of agreed pay allegedly being withheld. The former UFC fighter’s attorney, Jeremiah Reynolds, filed the lawsuit in U.S. District Court in Miami on Monday.

Promoter Accused Of Using Possible Divorce As Reason Not To Pay Diaz

In the suit, Diaz claims to have been promised a $10 million purse for the boxing match, both verbally and in writing. While the $1 million upfront was paid, the Stockton star and his team claim Engel is refusing to pay the post-fight sum of $9 million.

Engel is said to have not paid up after not profiting off the Diaz vs. Masvidal fight in the way he had expected.

It’s also alleged that the head of Fanmio told Diaz he couldn’t pass over the remaining $9 million in agreed pay due to fears his wife would divorce him due to the financial loss.

As a result, Diaz is suing for fraud and breach of contract, noting in the lawsuit that he wouldn’t have followed through with the match had he known the agreed $10 million purse wouldn’t be paid.

Continue Reading Nate Diaz Sues Fanmio Over $9 Million Unpaid Purse For Jorge Masvidal Fight, Promoter Allegedly Blames Possible Divorce at MMA News.

Jake Paul Reacts To Nate Diaz’s Lawsuit Against Fanmio: ‘Guess That $15 Million From PFL Needs To Be Taken A Little More Seriously…’

YouTuber-turned-boxer Jake Paul has little sympathy for Nate Diaz after the former UFC star began legal proceedings against Fanmio. Fanmio staged a boxing event at Anaheim’s Honda Center on July 6, headlined by Diaz and his fellow MMA veteran Jorge Masvidal. The pair ran it back in the ring almost five years on from their […]

Continue Reading Jake Paul Reacts To Nate Diaz’s Lawsuit Against Fanmio: ‘Guess That $15 Million From PFL Needs To Be Taken A Little More Seriously…’ at MMA News.

YouTuber-turned-boxer Jake Paul has little sympathy for Nate Diaz after the former UFC star began legal proceedings against Fanmio.

Fanmio staged a boxing event at Anaheim’s Honda Center on July 6, headlined by Diaz and his fellow MMA veteran Jorge Masvidal. The pair ran it back in the ring almost five years on from their showdown in the Octagon at Madison Square Garden.

The Stockton native successfully exacted his revenge, leveling his combat sports series with “Gamebred” courtesy of a victory on the scorecards following 10 rounds of competitive action between the pair.

After that battle with Masvidal, Diaz has now begun one with the promoter, accusing Fanmio and its CEO, Solomon Engel, of not paying the $9 million post-fight purse agreed both verbally and in writing.

Diaz’s attorney filed a lawsuit against the promoter in U.S. District Court in Miami on Monday, news of which was first reported by TMZ and drew a laugh out of a former opponent of the ex-UFC star’s…

Paul Amused By Diaz’s Pay Plight Post-Masvidal Fight

The suit claims that Engel pointed to a lower-than-expected profit from the Diaz vs. Masvidal match as the reason behind the alleged refusal to pay, as well as fears his wife would divorce him due to the financial loss of paying Diaz the $9 million.

Engel subsequently responded in a fiery statement, in which he accused Diaz of making “salacious and defamatory” claims. All in all, the story has turned plenty of heads and will now play out in the legal domain.

Among those to react to the situation was Paul, who welcomed Diaz to the sport of boxing following his UFC exit last August. After outpointing the Stockton native, the ex-Disney star and the Professional Fighters League (PFL) offered $15 million for a rematch in the MMA realm.

Diaz has been firm in rejecting it and insisting he’ll only compete in the cage under the UFC banner. But given the pay dispute with Fanmio, “The Problem Child” joked that his former opponent may need to revisit the PFL’s offer.

“Guess that $15 million from PFL needs to be taken a little more seriously you dummy,” Paul wrote. “Yesterday’s price is not today’s price.”

Paul also took a passing shot at Masvidal, whom “The Problem Child” has gone back and forth with in recent years.

“Oh and Masvidal you broke and can’t sell sh*t.”

While Diaz focuses on securing the full remuneration he believes he’s owed following his recent triumph, it’ll be Paul’s turn to return to the ring this weekend.

After the postponement of his Netflix showdown with Mike Tyson, the Cleveland native will face former UFC fighter and current BKFC star Mike Perry at Amalie Arena in Tampa, Florida, in the meantime.

Continue Reading Jake Paul Reacts To Nate Diaz’s Lawsuit Against Fanmio: ‘Guess That $15 Million From PFL Needs To Be Taken A Little More Seriously…’ at MMA News.