Michael Mizrachi Named In Breach Of Contract LawsuitSeptember 10, 2010 6:37 am
2010 is certainly turning out to be one heck of year for Michael “The Grinder” Mizrachi.
On the plus side, the poker pro has managed to accumulate $2,503,339 in tournament winnings, including a WSOP bracelet and has booked himself a place at the 2010 WSOP Main Event final table come November.
On the other side of the coin, however, Mizrachi has had his fair share of personal problems throughout the year, not least when he lost his Hollywood, Florida home in May because of $339,000 in unpaid income taxes.
Now it would appear that Mizrachi has landed himself in hot water once more, this time over claims by a Texas company that he had breached a contract he signed with them.
Apparently, Mizrachi had a sponsorship deal in place with Deliverance Poker dating back to July 2009, which he no longer honoured following his deep run at the 2010 WSOP Main Event where he attracted the sponsorship of Tiltware.
Tiltware is the software and marketing company for Full Tilt Poker, whose logo the poker pro had switched to wearing during the WSOP Main Event.
As Deliverance Poker asserts, Mizrachi had agreed to “exclusively wear site logoed shirts and caps during all Tournaments and Public Appearances.”
In addition, Deliverance Poker would have an exclusive right to Mizrachi’s name, voice and likeness in return for giving him $150,000, a 1.75% interest in the company, as well as “advance expenses related to poker tournaments in which Defendant Mizrachi would participate.”
Both Tiltware and Mizrachi have been named in the lawsuit and Deliverance Poker says it now fully intends to recover lost earnings and damages related to the breached contract.
So far both Tiltware and Mizrachi have declined to comment on the matter.