Mike Tyson is being sued for allegedly reneging on a promotional deal with a gambling company.

Tyson is being sued in a London court for nearly $1.6 million (£1.25m) for allegedly breaking a deal to promote a gambling company after agreeing to fight Paul.

UK-based Medier, which promotes online casino and betting company Rabona, is accusing the boxing icon and his company Tyrannic of allegedly reneging the deal.

Reuters report that the deal was allegedly agreed in January before being terminated in March.

The lawsuit that was filed in London in October, argues that Tyson cost Medier a loss of roughly $1.59 million (1.5 million euros).

The company’s lawyer wrote in documents released yesterday, “The true reason for Mr. Tyson and Tyrannic’s hasty and unlawful termination was because Mr. Tyson had agreed [to] a deal, sponsored by Netflix, to fight the influencer Jake Paul.”

Mike Tyson’s representatives have released a statement after he was sued following his fight with Jake Paul

“It is the company’s position that Medier, Ltd. materially breached the terms of its license agreement on multiple occasions and in various ways,” read the statement.
As such, Tyrannic, LLC was well within its legal and contractual rights to terminate the license agreement for material breach in an effort to mitigate additional reputational harm to the Tyson brand.”

‘Iron Mike’ made his return to professional boxing last month, but looked a shadow of his former self in his defeat to Jake Paul.