Tampa Bay Buccaneers quarterback Baker Mayfield has filed a multi-million greenback lawsuit towards an organization that’s owned by his father.
In line with a report from KXAN in Austin, Mayfield’s attorneys filed a U.S. District Courtroom lawsuit towards Camwood Capital Administration Group on Nov. 22. The lawsuit alleges that the agency, which is owned by Mayfield’s father James Mayfield, failed to meet their finish of a settlement settlement that included a $12 million cost to the NFL star.
The lawsuit is the most recent improvement in a dispute that dates again to no less than August 2023, when Mayfield’s attorneys filed a petition asking for Camwood Capital’s monetary information from 2018-23 plus depositions from witnesses. Legal professionals for Mayfield say a complete of $12.2 million was transferred to Camwood Capital between 2018-21 with out Mayfield’s permission. The lawsuit claims the cash was utilized by the agency “to cowl normal working bills (corresponding to to satisfy payroll obligations).”
The cash was stated to be the first supply of funding for the corporate, however Mayfield didn’t obtain fairness or any stake in Camwood Capital. Mayfield’s brother, Matt Mayfield, has a stake within the firm.
Mayfield’s representatives say a “confidential settlement and launch settlement” was reached in January 2024. A part of the settlement concerned Camwood Capital repaying roughly $11.7 million plus curiosity to Mayfield starting in September 2024. The lawsuit states that not one of the circumstances of the settlement have been met.
Mayfield, his spouse Emily and the couple’s firm Group BRM, LLC are in search of “at least” $11.74 million plus curiosity, prices and legal professional charges within the lawsuit.
The 29-year-old Mayfield revived his profession after signing with the Bucs final season. He threw for 4,044 yards, 28 touchdowns and 10 interceptions whereas main Tampa Bay to the playoffs. Mayfield then signed a three-year, $100 million contract with the Buccaneers this offseason.
