Soccer star spars with fitness company – Business Insurance

The former English soccer star David Beckham got bad vibrations when F45, a popular global fitness brand co-owned by the actor and entrepreneur Mark Wahlberg, allegedly didn’t pay up in their part of a contractual deal on helping to develop the brand, according to The New York Times.

Mr. Beckham, now suing the workout company of which Mr. Walberg boasts 36% ownership, is claiming in his suit that “F45 substantially benefited from its relationship with Beckman, who enhanced F45’s public profile and credibility,” which resulted in the company’s value skyrocketing three times its worth since going public in 2021.

While Mr. Beckman claims that F45 failed to issue the “substantial cash and equity compensation” that was outlined in their original agreement, F45 says the soccer star can’t bend the tale of a contract gone awry, arguing in court papers that Mr. Beckham has not fully performed his obligations and that he is “attempting to benefit from his own wrongdoing and has unclean hands,” according to The New York Times.