Former UFC welterweight standout Jorge Masvidal has officially won his lawsuit against Fanmio, the company that promoted his 2024 boxing clash with Nate Diaz. According to court documents, Judge Beatrice Butchko Sanchez approved a final default judgment awarding Masvidal $5,315,268.64, plus post-judgment interest, after the company failed to fulfill its payment obligations.
Masvidal initially brought the case forward after claiming that Fanmio only paid him a fraction of what he was promised. His fight contract reportedly guaranteed $6 million, with the possibility of earning $7 million in total if he defeated Diaz. Although Diaz won the bout, Masvidal stated he received just $1 million and a $150,000 advance, leaving millions outstanding.
The Arbitration Decision And Its Outcome
The legal matter went to arbitration earlier this year, where the decision favored Masvidal. The arbitrator ruled that Fanmio breached its contract and failed to meet financial commitments, prompting the Miami native to pursue enforcement through the courts.
Following the ruling, the judge formally entered the decision into record, marking a major legal win for the retired fighter. Masvidal, who last competed in the UFC in 2023 before transitioning into boxing and promotion, has not issued a public statement since the court’s decision.
Nate Diaz Also Granted Multi-Million Dollar Award
Masvidal is not the only fighter who took legal action against Fanmio. Nate Diaz, his opponent from that same event, was also awarded $6 million in damages, along with an additional $500,000 penalty against Fanmio’s CEO Solomon Engel, who was found personally responsible. Diaz’s arbitration decision includes attorney fees and accrued interest, though he is still awaiting a federal judge’s final approval.
Diaz’s lawsuit alleged that Fanmio repeatedly assured him—both verbally and in writing—that his total payout would be $10 million. However, like Masvidal, Diaz claims he only received $1 million before the fight took place. His legal team had expressed early doubts about Fanmio’s financial capabilities but were reassured that all payments were guaranteed.
Despite the legal complications, both fighters remain active in the combat sports scene. Diaz, 40, continues to tease a potential return to the UFC, expressing his desire earlier this year to fight for a championship before retiring. His only title opportunity to date came in 2012, when he lost to Benson Henderson for the lightweight belt.
Masvidal, meanwhile, has kept busy with business ventures and promotional appearances following his retirement from mixed martial arts. The recent court victory further cements his ongoing influence beyond the Octagon, both as a former fighter and as a businessman.
