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, marking a significant legal victory in his ongoing battle over a boxing match against Nate Diaz.
The ruling by Judge Beatrice Butchko Sanchez solidifies Masvidal’s claim that he was underpaid for his highly publicized 2024 fight. The arbitrator’s decision included additional post-judgment interest, ensuring that Masvidal receives what he believes he is owed.
Masvidal initially filed the lawsuit in January 2024, asserting that his contract for the Diaz bout promised a purse of $6 million plus an extra $1 million contingent on a victory. Despite losing the match by decision, Masvidal contended that he only received a mere $150,000 advance and a subsequent $1 million payment.
The arbitrator’s ruling in favor of Masvidal brings closure to this chapter, but the ramifications for Fanmio are far from over. The company is currently embroiled in another lawsuit filed by Diaz, who claims he is owed over $9 million. An arbitrator has already awarded Diaz $6 million plus attorney fees, although this case awaits final approval.
In another troubling development for Fanmio, the company has also initiated legal action against Golden Boy Promotions and boxer Ryan Garcia concerning a canceled exhibition match with Rukiya Anpo, originally scheduled for December 31, 2024. Garcia opted to fight Rolando Romero instead, exacerbating Fanmio’s legal woes.
As this situation unfolds, the implications for Fanmio and its future operations remain uncertain. Fans and industry watchers alike are keenly interested in how these legal battles will impact the promotional landscape in boxing and mixed martial arts.
Stay tuned for more updates as this story develops, particularly regarding Nate Diaz’s ongoing lawsuit and the future of Fanmio in the combat sports industry.