ladbible homepage
ladbible homepage
  • Home
  • News
    • UK
    • US
    • World
    • Ireland
    • Australia
    • Science
    • Crime
    • Weather
  • Entertainment
    • Celebrity
    • TV
    • Film
    • Music
    • Gaming
    • Netflix
    • Disney
  • Sport
  • Technology
  • Travel
  • Lifestyle
  • Money
  • Originals
    • FFS PRODUCTIONS
    • Say Maaate to a Mate
    • Daily Ladness
    • UOKM8?
    • FreeToBe
    • Citizen Reef
  • Videos
  • Advertise
  • Terms
  • Privacy & Cookies
  • License Our Content
  • About Us & Contact
  • Jobs
  • Latest
  • Archive
  • Topics A-Z
  • Authors
Facebook
Instagram
X
Threads
Snapchat
TikTok
YouTube
Submit Your Content Here
  • GAMINGbible
  • LADbible Group
  • UNILAD
  • SPORTbible
  • Tyla
  • FOODbible
  • UNILAD Tech
David Beckham sues Mark Wahlberg after claiming he lost him £8.5 million
Home>Entertainment>Celebrity
Updated 12:39 20 Apr 2024 GMT+1Published 12:30 20 Apr 2024 GMT+1

David Beckham sues Mark Wahlberg after claiming he lost him £8.5 million

The former footballer would appear to be unhappy with the actor.

Joe Harker

Joe Harker

google discoverFollow us on Google Discover

David Beckham is suing actor Mark Wahlberg over a fitness deal which the former footballer claims left him missing out on millions in profit.

Beckham's company, DB Ventures Ltd, has claimed that it was misled into working with fitness brand F45 as Beckham became their global ambassador.

According to The Sun, Beckham and Wahlberg became friends after the former footballer made his move from Real Madrid to LA Galaxy in 2007, with them living in the same neighbourhood in Los Angeles.

Wahlberg had become a minority shareholder in F45 in 2019 while in the following year Beckham agreed to work with the company.

Advert

He featured in a number of since deleted social media posts promoting F45 in his role as an ambassador for them.

David Beckham worked as an ambassador for F45. (Rich Storry/Getty Images)
David Beckham worked as an ambassador for F45. (Rich Storry/Getty Images)

However, Beckham's company is alleging that he was promised shares in the company and that these would have been handed over in early 2022, but there was a delay of several months during which time the value dropped significantly.

At the beginning of 2022 the value of an F45 share was around $11 (£8.89) before climbing to over $15 (£12.13) in February and then plummeting sharply to under $4 (£3.23) by the middle of the year.

Beckham's lawyers have claimed that because of the delay in him receiving shares he lost out on around £8.5 million in potential profits.

Wahlberg's business the Mark Wahlberg Investment Group is also being sued, as are F45 founders Adam Gilchrist and Rob Deutsch.

The defendants have said the allegations of 'fraudulent conduct' are baseless and asked a judge to dismiss the lawsuit against them.

Their motion to dismiss claims that Beckham's lawsuit 'tries to make up with length what it lacks in merit'.

Mark Wahlberg is among those being sued by Beckham's company. (MEGA/GC Images)
Mark Wahlberg is among those being sued by Beckham's company. (MEGA/GC Images)

Beckham had first sued F45 back in 2022 alongside golfer Greg Norman over allegations that they were owed sponsorship payments in cash and stock.

As per the Metro, the athletes claimed their association with F45 had allowed the company to go public with a much higher valuation than it had two years earlier.

They alleged that they had not been paid 'substantial cash and equity compensation', but a judge later told Beckham and Norman that they would have to sue separately.

The F45 stock did not recover from that plummet in the early months of 2022 and now each share is worth just 15c (12p).

LADbible have contacted David Beckham and Mark Wahlberg's representatives for comment.

Featured Image Credit: Rich Storry/Getty Images/Matt Winkelmeyer/WireImage/Getty Images

Topics: David Beckham, Mark Wahlberg, Money

Joe Harker
Joe Harker

Joe graduated from the University of Salford with a degree in Journalism and worked for Reach before joining the LADbible Group. When not writing he enjoys the nerdier things in life like painting wargaming miniatures and chatting with other nerds on the internet. He's also spent a few years coaching fencing. Contact him via [email protected]

X

@MrJoeHarker

Recommended reads

Complete beginner takes creatine for 30 days to show off the impact it really has(YouTube/JeremyEthier)Man left with permanent 'cocaine nose' after doing £35,000 worth of drugKennedy News and MediaPremature ejaculation doctor shares truth about how long sex should really lastGetty Stock ImageAdam Sandler called out for 'embarrassing' move at wife's movie premiereEtienne LAURENT / AFP via Getty Images

Advert

Choose your content:

2 hours ago
10 hours ago
12 hours ago
14 hours ago
  • Etienne LAURENT / AFP via Getty Images
    2 hours ago

    Adam Sandler called out for 'embarrassing' move at wife's movie premiere

    Adam Sandler attended the Netflix premiere for Office Romance starring Jennifer Lopez and Brett Goldstein alongside his wife Jackie Sandler

    Entertainment
  • GoFundMe
    10 hours ago

    Dominic Russo's sister calls out 'lies' in The Crash from Mackenzie Shirilla's friends as she makes major accusation

    Christine Russo also revealed a bizarre lie the family were told by Mackenzie's mother

    Entertainment
  • TikTok/@theparisfury
    12 hours ago

    Paris Fury gives sweet insight into lavish holiday with Tyson and kids after spending £35k on flights

    The Fury family flew to Thailand in comfort after splashing out for business class seats

    Entertainment
  • YouTube/TheMcBrideRewind
    14 hours ago

    Former teen heartthrob Andrew Keegan reveals which films he still makes money from years later

    The money keeps coming in thanks to residuals

    Entertainment
  • The 20 wealthiest people in the UK revealed as David Beckham becomes first Brit billionaire sportsmen
  • David Beckham settles lawsuit with Mark Wahlberg after claiming he lost him £8.5 million
  • David Beckham leaves fans stunned as he shows off huge bald patch on head
  • Brooklyn Beckham 'declines offer' after father David 'secretly reaches out' amid family feud