Mike Tyson is being sued for $1,600,000 after allegedly breaking his promotional contract to fight Jake Paul.

Last month, two of the greatest talents in boxing came together to deliver an all-star performance on Netflix after the streaming giant played host to the iconic Mike Tyson versus Jack Paul fight.

The two men went head-to-head at the AT&T Stadium in Arlington, Texas, on November 15 in front of 72,000 people at the venue — as well as an estimated 120 million watching all around the world.

The highly-anticipated fight saw eight rounds of action, two minutes each – though, some fans were left feeling disappointed after seeing Tyson struggle to keep up with his challenger. But then again, can you blame him? Tyson is 58 years old and Jake Paul is 31 years younger at 27.

By the final bell, Paul was declared the victor by unanimous decision.

In the wake of the event, it seems as though there has been some controversy surrounding Tyson and an agreement he had with a Cyprus-based gambling company.

Apparently, the former heavyweight champion had a promotional deal with Medier, a company that promotes online casino and betting company Rabona, but Tyson is said to have failed to hold up his end of the bargain.

Tyson is being sued by Medier. Credit: Matt Winkelmeyer/Getty

The company, who filed the suit in London back in October, is said to be accusing the veteran boxer and his company Tyrannic of breaking a January contract on the day the Netflix special was announced in March, citing a scheduling conflict and claiming a breach of the agreement by Medier.

However, the suit alleges that Tyson cost Medier a loss of roughly $1.59 million.

“The true reason for Mr. Tyson and Tyrannic’s hasty and unlawful termination was because Mr. Tyson had agreed [to] a deal, sponsored by Netflix, to fight the influencer Jake Paul,” the company’s lawyer wrote in documents released on Friday as per The New York Post.

In response, Tyson’s representatives gave the news outlet further details of the incident.

“It is the company’s position that Medier, Ltd. materially breached the terms of its license agreement on multiple occasions and in various ways. As such, Tyrannic, LLC was well within its legal and contractual rights to terminate the license agreement for material breach in an effort to mitigate additional reputational harm to the Tyson brand,” they said in a statement.

Tyson’s representatives have also spoken out about the issue. Credit: Sarah Stier / Getty

This is not the only lawsuit that came as a result of the fight.

A man from Florida who goes by the name Ronald ‘Blue’ Denton also filed a class-action lawsuit but this time against Netflix in the days after the fight over the poor streaming quality.

He is seeking damages of $50 million.