Nate Diaz sues Fanmio for fraud, breach of contract after Jorge Masvidal boxing match; Fanmio CEO responds to Nate Diaz lawsuit

The aftermath of Fanmio’s first endeavour into combat sports isn’t looking so good.

The company promoted the Nate Diaz vs. Jorge Masvidal boxing match that took place July 6 at Honda Center in Anaheim, Calif. Diaz won the bout by majority decision, and now he has filed a lawsuit against Fanmio claiming fraud and breach of contract for failure to pay his agreed upon compensation of $10 million.

MMA Junkie obtained a copy of the lawsuit Monday after TMZ first reported that Diaz filed in U.S. District Court in Miami, claiming Fanmio CEO and founder Solomon Engel is unwilling to pay the complete $10 million sum that was agreed upon for Diaz’s participation in the boxing match with Masvidal. Diaz said only $1 million has been sent.

Nate Diaz def. Jorge Masvidal – boxing

Diaz, 39, claims Engel told him that he couldn’t pay out $10 million because the fight did not meet financial expectations. Additionally, Engel told Diaz he was going back on their verbal and written agreements because “his wife might divorce him over the financial loss.”

Diaz’s lawsuit states he never would have entered the ring for the boxing match if he had known the payment obligations would be in question.

Diaz’s representative Zach Rosenfield did not immediately return MMA Junkie’s request for comment.

The boxing match between Diaz and Masvidal was a rematch of an MMA fight that happened at UFC 244 in November 2019. That night, Masvidal earned a doctor’s stoppage TKO after Round 3, which won him the inaugural BMF title.

Fanmio CEO responds to Nate Diaz lawsuit, says ‘the truth will triumph’

Nate Diaz has a new adversary, but in the courtroom and not a ring, and he has promised “justice will prevail.”

Diaz on Monday filed a lawsuit in U.S. District Court in Miami claiming Fanmio CEO and founder Solomon Engel went back on an agreement to pay him $10 million for his boxing match against Jorge Masvidal earlier this month.

Diaz said he was paid only $1 million, and according to the suit Engel told him he couldn’t pay the full $10 million because the fight did not meet financial expectations. Additionally, Engel told Diaz he was going back on their verbal and written agreements because “his wife might divorce him over the financial loss.”

Hours after Diaz filed the suit, Engel released a statement disputing Diaz’s claims.

“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,” the statement reads. “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. Making salacious and defamatory statements to the media in order to harm my family and I has only strengthened my resolve to ensure that the truth will triumph.”

Engel’s statement mentions a seven-figure payday, which jibes with Diaz’s claim he was paid $1 million. But the statement does not mention Diaz’s claim of $10 million, per the lawsuit.

Fanmio’s first foray into combat sports was the Diaz-Masvidal boxing match that took place July 6 at Honda Center in Anaheim, Calif. Diaz won by majority decision. His lawsuit against Fanmio alleges fraud and breach of contract for failure to pay the full amount.