Fanmio CEO addresses Nate Diaz lawsuit claim by saying ‘justice will prevail’

Nate Diaz has sued Fanmio, alleging fraud and breach of contract after fighting Jorge Masvidal in their sophomore combat arrangement.

Fanmio CEO addresses Nate Diaz lawsuit claim by saying ‘justice will prevail’

Nate Diaz sues Fanmio for fraud after Jorge Masvidal matchup; gets an answer (Source: IMAGO/Instagram)

The aftermath of Fanmio‘s first foray into martial arts/boxing doesn’t look so good. The 11-bout Fanmio Pay-per-view card saw Nate Diaz edge out Jorge Masvidal in the top bill. Now, Diaz has filed in the U.S. District Court in Miami, claiming Fanmio CEO and founder Solomon Engel has committed breach of contract.

Diaz defeated Jorge Masvidal by a 10-round majority decision in their Fanmio Pay-per-view headliner. All looked good, with the 39-year-old making it an even 1-1, counting their inaugural BMF clash. Now, TMZ.com reports that Diaz says Engel is unwilling to pay compensation of $10 million. He has allegedly received only $1 million out of it, but Engel denies it.

Nate Diaz has filed a frivolous lawsuit against Fanmio which claims that fraud and breach of contract were committed by Fanmio, yet neither has taken place, ...In fact, Diaz has already been paid seven figures in connection with the fight. I look forward to resolving this dispute through the appropriate process and am confident that justice will prevail.
Solomon Engel via Fanmio Offical press statement release
YouTube video

Even without clinical deductions, royalties, perpetuity payouts, and licensing, the duo was to bank a combined $800k in estimated payouts. The matter of snubbing millions makes it more serious. Engel’s statement refers to a seven-figure payday, which is consistent with Diaz’s claim. However, the deposition does not mention the $10 million Diaz claimed, according to the lawsuit.

FS Video

Additionally, per Diaz, Engel said he would renege on their agreements because “his wife could divorce him because of the financial loss.” Diaz (1-1 boxing, 21-13 MMA) outpointed ‘Gamebred’ via majority decision (95-95, 97-93, 98-92). However, the Fanmio CEO supposedly said he did not surpass expectations. Engel snipes back at the ‘salacious’ and out-of-pocket claims.

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Nate Diaz lost out via third-round TKO at UFC 244 in his bid to win the inaugural BMF belt. Now that the Stockton star has tied up the score with Jorge Masvidal, why not do it against Jake Paul? The cycle of revenge would be backward, though, because the cruiserweight pugilist defeated him in boxing the first time.

Jake Paul warns Nate Diaz to reconsider PFL rematch after Fanmio payday snub
Jake Paul warns Nate Diaz to reconsider PFL rematch after Fanmio payday snub (Source: IMAGO/ringtv.com)

Consequently, the Professional Fighters League offered the Stockton standout $15 million to fight Jake Paul under mixed-rule martial arts. Surprisingly, Diaz refused. Not surprisingly, he lives to his own beat. Paul pitches in with Diaz, claiming Fanmio has swindled him out of millions in paydays. However, he warns that yesterday’s price tag is not today’s.

Unlike Masvidal, Diaz completed his UFC contract before going free agency, ending on a high note. He called quits after defeating Tony Ferguson via a fourth-round guillotine choke at UFC 279. He has since long been keen on a MMA return. Now, it remains to be seen if ‘Problem Child’ and a hefty payday is what tempts him to return.

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