Sat Sep 07 23:45:00 UTC 2024: ## Greg Norman Drops Lawsuit Against F45 Fitness

**Los Angeles, CA** – Greg Norman has ended his legal action against F45 Training, the embattled fitness group backed by Hollywood star Mark Wahlberg. The lawsuit stemmed from non-payment of promised endorsements following F45’s 2021 public listing on the New York Stock Exchange.

“F45 Training is pleased to confirm the resolution of this matter as of 11 January 2024. We will not be providing further details on the legal proceedings,” a company spokesperson stated.

Norman, who joined several other former brand ambassadors in suing F45, had attended the company’s IPO in 2021. The golfer, known for his role as CEO of the controversial Saudi-backed LIV Golf tour, was seeking payment for his endorsement of the fitness franchise.

In 2022, Norman and David Beckham, another celebrity endorser, jointly sued F45 for $US20 million ($30 million) in damages. Beckham, however, settled with F45 in June 2023, retaining his investment in the company.

While the details of Norman’s settlement remain undisclosed, it is known that F45 recognized $US4.5 million in stock-based expenses relating to its deals with Norman, Beckham, and other celebrities like Earvin “Magic” Johnson and Cindy Crawford.

F45 has faced financial challenges in recent years, struggling to maintain its momentum after a successful IPO. The fitness chain experienced a significant drop in stock value and was eventually ejected from the NYSE.

Despite these difficulties, Mark Wahlberg, a significant shareholder and board member of F45, remains a prominent figure in the company. He continues to promote the fitness group and owns several F45 studios.

This latest settlement marks a step forward for F45 as the company navigates its path to recovery. However, the fitness group still faces a challenging future, striving to regain its financial footing and attract new investors.

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