Early bird
tickets
available now!
The Leisure Media Company Ltd
The Leisure Media Company Ltd
The Leisure Media Company Ltd
Leisure Opportunities
Job search
Job Search
see all jobs
Latest job opportunities
Bolton Arena
£Competitive + pension + benefits
Bolton, Greater Manchester
Everyone Active
Competitive rates of pay
South Oxhey Leisure Centre, Watford
Heritage Great Britain
c£70,000 + benefits + relocation support
Snowdonia, North Wales
star job
Fife Sports and Leisure Trust Ltd
£56,107.80 - £63,165.86pa + benefits
Dunfermline, Scotland
East Devon District Council
£41,418 - £48,474pa + local govt pension + benefits
Honiton, Devon

David Beckham and F45 settle out of court – Beckham remains a shareholder

David Beckham settles dispute with F45 Training out of court
The footballing legend was suing the company for unpaid compensation over his ambassadorial role
Beckham invested in F45 in 2021, as a result of his friendship with Mark Wahlberg
The lawsuit is being dismissed and Beckham remains an investor
Job opportunities
Bolton Arena
£Competitive + pension + benefits
location: Bolton, Greater Manchester, United Kingdom
more jobs

David Beckham and F45 Training have finally settled the breach-of-contract lawsuit around Beckham’s ambassadorial agreement with the boutique fitness franchisor.

Beckham became an ambassador for F45 in 2021, as a result of his friendship with Hollywood actor, Mark Wahlberg, an existing investor.

According to court documents, obtained by People, when the lawsuit was filed in October 2022 Beckham was suing F45 for US$18.8 million, claiming that the company had benefited from the relationship with him and he had not received owed compensation.

A court date was set for next January, but the two parties have agreed out of court that the lawsuit will be dismissed and DB Ventures Ltd will remain an investor in F45.

Speaking for DB Ventures, Dan Dienst, executive vice chair of Authentic Brands Group, said: “We are pleased to have settled this issue and to retain our investment in F45 and wish the team all the best for the future.”

Tom Dowd, CEO of F45 Training, said: “For a long time, F45 has been – and continues to be – a supporter of Beckham, as he has been for our brand, and are pleased to have reached a mutual business decision to resolve the matter.”

Dowd took over as CEO last year, describing the company as a ”slow motion train wreck”, with huge retrospective losses and a delisting. “The days of shooting from the hip are over,” he said. “It’s now a much more professional company, run by real adults.”

Dowd appears to have steadied the ship, with year-on-year same store sales for F45 up by 9.4 per cent; 14.9 per cent for FS8 Pilates and 41.7 percent for Vaura Pilates.

“We are excited about our future and the continued growth of our world-class fitness brands that generated robust total system-wide sales for April of US$48.9 million,” said Dowd.

Sign up for FREE ezines, news alerts & magazines
Related news

F45 names Mark Wahlberg as chief brand officer and Tom Dowd as CEO as Adam Gilchrist resigns

24 Apr 2023
More big moves are underway at F45, as the company reboots its senior management team ...

F45 is launching its FS8 concept in the US, Canada and UK

01 Nov 2022
FS8, the fitness concept combining Pilates, toning exercises and yoga from functional training franchiser F45, ...
David Beckham and F45 Training have finally settled the breach-of-contract lawsuit around Beckham’s ambassadorial agreement with the boutique fitness franchisor.
HAF,FIT,IND,PTS,FRN,PHR
2024/THUMB353398_509404_526999.jpg

More News

1 - 15 of 68,049
24 Jul 2024
Global online architecture platform Architizer has highlighted some of the world’s most innovative spa and wellness architecture concepts as part of its 12th Annual Architizer ... More
24 Jul 2024
Female health expert, The Well HQ has teamed up with training provider, The Fitness Group, to launch education courses aimed at upskilling PTs in female ... More
24 Jul 2024
Billingehus, a tranquil Swedish countryside retreat, has unveiled its new 2,000sq m spa and announced new plans for additional upgrades by 2025. Situated between Gothenburg ... More
23 Jul 2024
Bavarian destination spa and hotel Schloss Elmau is looking to celebrate the joy of dance by becoming the first wellness destination in the world to ... More
23 Jul 2024
Fitness-focused hospitality brand and management company Equinox Hotels has announced plans to open a modern new resort on the coast of the Gulf of Aqaba ... More
23 Jul 2024
Finalists for the UK Active Awards 2024 have been announced. Winners from across the 14 categories will be revealed at a ceremony at the International ... More
Life Fitness (UK) Ltd
Life Fitness (UK) Ltd
23 Jul 2024
Midlands-based boutique operator, MK Health Hub, has launched a Pilates-inspired concept called MK Reformed, with plans to franchise. The first MK Reformed has opened in ... More
22 Jul 2024
Plans have been unveiled for La Maviglia, a new luxury resort and expansive medi-spa set to open in Italy's Puglia region, renowned for its Primitivo ... More
22 Jul 2024
US health and fitness giant, Planet Fitness, which flagged plans to launch in Spain back in February, has today (22 July) officially announced the opening ... More
19 Jul 2024
Auberge Resorts Collection will launch its first UK property and destination spa in Mayfair, London, in 2025, following a deal with UK-based global private investment ... More
19 Jul 2024
Urban Gym Group CEO Neil Randall talks in this month’s HCM about how being passed over for promotion taught him the resilience to power through ... More
19 Jul 2024
A large new mineral springs destination has launched in Texas, inspired by some of the world’s most famous hot springs – such as Jordan’s Dead ... More
18 Jul 2024
Boxing and strength franchise UBX has taken a step closer to realising its ambitions to be the largest boxing provider in the Middle East by ... More
18 Jul 2024
Fitness International has announced the acquisition of XSport Fitness, adding to its portfolio of brands, which includes LA Fitness, Esporta Fitness, City Sports Club and ... More
18 Jul 2024
A thought-provoking, US national probability study, The WELLSurvey™, has revealed that the majority of Americans now include several health and wellness practices in their everyday ... More
1 - 15 of 68,049
The Leisure Media Company Ltd
The Leisure Media Company Ltd