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ORIGINALLY PUBLISHED IN VORAKA
Article Published on 07 June 2024 by Gloria Poletti | www.vorakamag.com
David Beckham and Mark Wahlberg have resolved their legal dispute. According to a recent press release, Beckham’s company, DB Ventures Ltd, announced that the lawsuit against the Mark Wahlberg Investment Group and F45's founders has been settled.
“F45 has long been – and continues to be – a supporter of Beckham, just as he has supported our brand. We are pleased to have reached a mutual business resolution,” stated Tom Dowd, CEO of F45 Training, in a press release on Thursday, June 6. “We remain dedicated to fostering the growth of our global franchisees, as evidenced by our recent impressive year-over-year same store sales growth in April of 9.4 percent (F45), 14.9 percent (FS8 Pilates), and 41.7 percent (VAURA Pilates).”
Dowd concluded the statement by expressing optimism about the future, highlighting the robust total system-wide sales for April, amounting to $48.9 million.
Previously, on April 19, The Sun reported that DB Ventures Ltd. had initiated legal action against Wahlberg, accusing the actor of deceiving Beckham. The lawsuit also targeted the Mark Wahlberg Investment Group and F45 founders Adam Gilchrist and Rob Deutsch.
According to the report, Beckham claimed a loss of $8.5 million due to unfulfilled stock promises. Wahlberg responded by requesting the lawsuit's dismissal, asserting that the "fraudulent conduct" allegations were unfounded.
“The 209-page, 610-paragraph complaint tries to compensate with length for what it lacks in substance,” Wahlberg and his co-defendants argued in their response, as reported by the outlet.
Beckham became the global ambassador for F45 in 2020 after relocating to Los Angeles with his family. Beckham and Wahlberg, who were neighbors in L.A., eventually became friends and collaborated on the F45 business venture.
Neither Beckham nor Wahlberg has publicly commented on the resolution of the matter.
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