UPDATE: A Florida judge has just awarded UFC veteran Jorge Masvidal a staggering $5,315,268.64 in a default judgment against online platform Fanmio. This ruling, made by Judge Beatrice Butchko Sanchez, comes after an arbitrator confirmed the amount Masvidal is owed for his 2024 boxing match with Nate Diaz.
Masvidal filed his lawsuit in January 2024, claiming his contract for the Diaz fight included a guaranteed purse of $6 million plus an additional $1 million if he emerged victorious. Despite losing the match by decision, Masvidal asserts he only received a $150,000 advance and a $1 million payment, leading him to seek redress in court. This recent judgment puts an end to his claims against Fanmio, but not without highlighting ongoing financial disputes within the boxing promotion industry.
The legal landscape remains complicated for Fanmio, as Nate Diaz has also filed a lawsuit against the platform, claiming he is owed over $9 million following his fight. An arbitrator has already sided with Diaz, awarding him $6 million plus attorney fees, but this case is still pending final approval.
In a broader context, Fanmio is facing additional legal challenges. In March, the company initiated a lawsuit against Golden Boy Promotions and fighter Ryan Garcia over a cancelled exhibition match originally scheduled for December 31, 2024. Garcia opted to fight Rolando Romero instead, further complicating Fanmio’s financial situation.
This ruling is significant for Masvidal, as it not only validates his claims but also sends a strong message to promoters regarding contractual obligations. The implications of this case resonate through the boxing world, as fighters increasingly seek accountability and transparency in their dealings with promotional companies.
As the situation develops, fans and industry insiders alike are left to ponder what this means for the future of boxing promotions and the fighters who rely on them. The Masvidal vs. Fanmio case is a pivotal example of the ongoing challenges athletes face in securing fair compensation for their efforts in the ring.
Stay tuned for more updates as both Masvidal and Diaz’s legal battles unfold, impacting not only their careers but the broader landscape of sports promotions.
