MMA News

Tag: Fanmio

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

    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 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.

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

    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.

    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.

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

    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 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.