The lawsuit seeks damages totaling at least Euros 65,000,000, covering compensatory, punitive, and other damages. has initiated legal proceedings against Aspire Global and AG Communications in Nevada.

The filed claim currently amounts to €36 million, with expectations that this figure could escalate. However, the claimants argue that Aspire Global breached the SPA by overspending and undercharging during the Earnout Period, thereby diminishing profits and the Earnout Consideration. The dispute centers on Aspire Global's acquisition of BtoBet in 2020, which included upfront payment and an Earnout Consideration, supposedly rewarding Fried and Lestar based on BtoBet's post-acquisition earnings.

These disputes, evolving in the complex environment of the gaming sector, involve allegations of breach of contract and accusations of fraudulent activities.Īlessandro Fried and Igor Lestar, co-founders of BtoBet, have filed a legal claim against Aspire Global through their respective companies, citing breaches of the Share Purchase Agreement (SPA). (Esports Technologies, Inc.) have taken legal action against Aspire Global. The Legal Tangles Involving Aspire GlobalĪs reported by SiGMA news a few days ago, in a recent development within the gaming industry, the co-founders of BtoBet and EBET INC.

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