According to legal documents, obtained by The Blast, Holder is suing McBroom for breach of contract — alleging he was stiffed for the money he was guaranteed for the fight. As you know, McBroom’s company ‘Social Gloves’ put on an amateur boxing event in Miami, Florida featuring the main event between Austin and TikToker Bryce Hall.
At the time, McBroom reportedly recruited other massive social media stars such as Tayler Holder and Nathanial Scott Wyatt to join the fight with the promise of huge financial gains. In the filing, McBroom allegedly told them “We will have 5 million pay-per-view buyers. It is going to be the biggest event.” He added, “We are marketing like crazy.”
See The Shocking Allegations!
In the lawsuit, Holder claims he was paid $85,000 upfront to sign onto the fight — and was guaranteed the amount equal or great than $2 Million or 2% of the adjusted gross revenue of the event. Shockingly, at the time, Holder claims McBroom approached him with a backpack filled with the cash — but he asked that a wire be sent to his team instead.
On June 12, 2021, Tayler Holder fought against AnEsonGib and went the distance.
At this point, Holder claims he has not been paid for the event. According to the lawsuit, the problem was low PPV numbers which equaled only 136,000. Unfortunately, according to the folding, McBroom’s legal team sent a letter to the talent advising, “In light of the apparent underperformance of the Event, our firm has been retained to represent (McBroom) in connection with either a workout of the claims of all of its creditors or if a workout is not feasible a likely bankruptcy filing.”
Austin McBroom’s Company Filing for Bankruptcy?!
The ‘TikTok’ star says at the same time his company is preparing to possibly file bankruptcy, McBroom dropped a new video on social media touting the success of the event and announcing a part two for the event.
In the filing, Holder blasted McBroom saying, “The majority of the talent has not been paid for their efforts. This event was a success for one entity — the McBroom family. The McBroom plan was to build a social media boxing promotion enterprise that would be leveraged on the backs and efforts of his peers and fellow social media stars. The plan was carried out on false promises of financial gain to his investors and talent.
Tayler Holder: I’m Owed Millions!
It should be noted, the lawsuit claims the primary investors in the event were James Harden and Lil’ Baby — who advanced $2 million with the promise of being “first priority position” to recoup their money and receive 10% of the gross revenue.
Of course, Holder took the opportunity to take a few jabs at the McBroom family saying, they have been involved in “scandals” including allegations of “cheating and rape, sexist and racist tweets, a staged burglary, fraudulent charity events, and a sham fan club with promises of merchandise.” It’s unclear if any of the allegations are true, but Holder included the statement in his lawsuit anyways!
The case is ongoing.