The WWE's "Big Show" in big financial trouble?!

The WWE's "Big Show" in big financial trouble?!

Miami : FL : USA | Jun 16, 2009 at 3:34 PM PDT
Views: Pending
WWE - Wrestlemania 20 - Undertaker vs Kane

I read an article on that Paul Wight (Big Show) failed to reveal he owed the IRS $450,000, and now they have placed a lien on the home. Updates on this situation will follow as they are brought in.

To make it worse, other sources have indicated a lawsuit was filed yesterday by SoBe Entertainment International against Paul "Big Show" Wight, his wife Bess and World Wrestling Entertainment

.SoBe Entertainment claims to have signed Wight to an exclusive contract with SoBe to "to act as a performer, entertainer, actor, boxer, wrestler, athlete and celebrity person for a five-year period covering March 1, 2007 through February 27, 2012." They are seeking $15 million in damages. Sobe says that when Wight returned to WWE in 2007 that the company has "tortuously interfered with the contractual relationship". Sobe claims the following

* In 2007, Sobe met with Wight, his wife Bess and Hulk Hogan regarding him becoming a boxer.

* Wight promised to be "managed exclusively" by their organization if they would advance costs for his boxing training.

* SoBe claims that in total they fronted the Wight's $2 million between salary and an advance of $1 million for the purchase of a Miami, Florida home. (They felt that they would recoup the money from his boxing earnings.

* Sobe says that Wight used the Miami property to escape back tax issues, attain a line of credit and then they say that he failed to execute a second mortgage, which was an agreement he had with the company.

* November 2007, Wight states he will go back to WWE and will "no longer honor or otherwise fulfill his obligations under the contract".

* Sobe says that the WWE angle with Floyd Mayweather Jr. was based on the public knowledge that Wight was training for boxing.

* Sobe says a letter to WWE was sent, claiming that WWE was interfering with SoBe's contract with Wight, and requested that WWE cancel the Wrestlemania bout with Mayweather be cancelled.

* Sobe claims that WWE "WWE handsomely profited at the expense of SoBe" at WrestleMania XXIV, XXV and "at least seven other PPV events".

* Sobe says that WWE is aware of the breach of contract, but chose to ignore it.

* Sobe is seeking from Wight: the initial $2 million investment, for a lien to be placed on the Miami home (which has already happened thanks to his IRS problems), that it be sold in foreclosure and Sobe given the funds of the sale, and court costs.

* Sobe is seeking from WWE: lost profit damages, compensatory damages, and punitive damages.

* Sobe requests a jury trial.

* WWE nor Paul "Big Show" Wight have responded.

JConnolly1986 is based in Geneseo, New York, United States of America, and is a Stringer on Allvoices.
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