close
close

Baker Mayfield’s $12 million lawsuit with his father continues to get worse


Baker Mayfield’s  million lawsuit with his father continues to get worse

Baker Mayfield has escalated the legal battle over $12 million he was allegedly owed by his father’s financial firm.

Mayfield sued his father’s company, Camwood Ventures, and subsidiaries last year, losing more than $12 million in funds.

Mayfield’s father, James W. Mayfield, is the majority owner of Camwood and the quarterback’s brother, Matt, is also a shareholder.


Tampa Bay Buccaneers quarterback Baker Mayfield celebrates with fans after an NFL football game against the New York Giants on Sunday, November 24, 2024, in East Rutherford, NJ
Tampa Bay Buccaneers quarterback Baker Mayfield celebrates with fans after an NFL football game against the New York Giants on Sunday, November 24, 2024, in East Rutherford, NJ AP

Last week, Mayfield and his wife Emily filed a new lawsuit against Camwood in U.S. District Court, claiming the two sides reached a confidential settlement earlier this year but the terms were not met, according to Texas NBC affiliate KXAN.

The first purported term of the settlement called for a repayment of $11.7 million plus interest starting last September.

Mayfield’s lawyers also claimed that the above settlement included the refinancing of a loan to help the company repay it, as well as access to Camwood’s books.

However, Mayfield’s lawyers claim that the quarterback was not given the money he was owed or access to the books.


Baker and Emily Mayfield at the NFL Honors event in February 2024.
Baker and Emily Mayfield at the NFL Honors event in February 2024. FilmMagic

“To date, Camwood Capital has not repaid even a dollar under the Settlement Agreement, Defendants have failed to refinance their existing loan, and Defendants have not provided Plaintiffs access to their books and records,” the lawsuit states. “As a result, plaintiffs were left with no choice but to file a breach of settlement lawsuit to recover the assets wrongfully deprived of them.”

Mayfield’s lawsuit alleged that Camwood took $12.2 million from him without his knowledge and transferred it to several subsidiaries between 2018 and 2021.

The money was used to cover the companies’ operating costs, the lawsuit says.

His lawsuit seeks “no less than” $11.74 million — plus interest, attorneys’ fees and other costs — as well as “any other relief the court deems just and appropriate.”

Mayfield is the starting quarterback for the Buccaneers, who have a 5-6 record this season and are one game behind the Falcons for the top record in the NFC South.

Leave a Reply

Your email address will not be published. Required fields are marked *