However, the reason behind that was not his company but LiveXLive.

So Social Gloves is not bankrupt at all,' Austin McBroom said.Īustin McBroom also addressed the accusation of not paying the fighters and stated that LiveXLive was to blame for that.Īustin McBroom: LiveXLive have not paid Social Gloves one pennyĪustin McBroom commented that the fighters who participated in the Social Gloves: Battle of the Platforms event on June 12 at Hard Rock Stadium in Miami Gardens, Florida, were indeed not paid, including himself. We're not even talking about pay-per-view numbers, we're not talking about brand deals. You probably make $3 or $4 million dollars. Everyone that was at the event knows that there were probably like 20,000 people there just at the gate alone.

So, the two rumors are - Social Gloves is bankrupt which cap, it is false, it is not true. Obviously, you guys know the two rumors that have been going around. 'Now that the lawsuit is filed against LiveXLive, Social Gloves is suing LiveXLive, for several reasons. The YouTuber-athlete revealed that the live gate numbers alone were enough to cover Social Gloves, so the bankruptcy rumors were utterly false.Īustin McBroom pointed the finger at their live streaming partner LiveXLive instead and revealed that Social Gloves filed a lawsuit against the global streaming platform.

In a recent media interview uploaded by The Hollywood Fix, Austin McBroom opened up on the matter for the first time since the allegations surfaced.

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