David Beckham is suing Mark Wahlberg for alleged loss of $10 million after a brand deal went south with the F45 training, which the Hollywood A- lister had a 36 per cent holding in and is the chief branding officer.
The former soccer star’s DB Ventures claimed he was duped by Mark, as per the reports by The Sun.
David claimed to have lost $10 million out of pocket when stocks that the legendary footballer was promised weren’t given to him until after share prices plummeted.
He is also suing Mark’s investment firm – Mark Wahlberg Investment Group – along with the founders of F45 Adam Gilchrist and Rob Deutsch, who launched the company in 2012 in Australia.
The 48-year-old English football star agreed to be a brand ambassador for F45, which is a chain of fitness centers with locations in 60 countries including the United States that “offers innovation, high intensity functional group workouts that are fast, fun, and results driven” when he moved to Los Angeles.
David appeared in several social media post promoting F45, however, those post have been since deleted.
Mark and his co- defendants has appealed to the judge to dismiss the case and they say that the claims of “fraudulent conduct” is baseless.
