Baker Mayfield Has Filed $12 Million Lawsuit Against Father's Company

According to KXAN Sports in Austin, a disagreement between former Heisman Trophy winner Baker Mayfield and his family has boiled over into the courtroom where Mayfield is reportedly seeking a repayment of the roughly $12 million that he loaned his father's business...

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Per KXAN, a "confidential settlement and release agreement" was put together in January of this year with three requests for Camwood Capital Management Group: 1). a repayment of $11.7 million plus interest beginning September 2024, 2). refinancing an existing loan to aid in the repayment and 3). granting Mayfield access to the business' records.

The lawsuit alleges that none of those conditions were met.

"To date, Camwood Capital has not repaid even one dollar under the Settlement Agreement, Defendants have failed to refinance their existing loan, and Defendants have not provided Plaintiffs with access to their books and records," the lawsuit reads. "As a result, Plaintiffs have been left with no choice but to file suit for breach of the Settlement Agreement to recover the assets improperly taken from them."

Baker and Emily claim that Baker's money was used "to cover general operating expenses (such as payroll)," and that the money was the primary source of funding for the companies. Noting that Mayfield didn't receive any equity or stake in the company for his contribution.

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(The Spun)