Baker Mayfield sues father’s company for $12 million

According to the lawsuit, a collection of interconnected entities with common ownership transferred more than $12 million from Mayfield to themselves without authorization, proper documentation, or adequate accounting of the transactions. The defendants then allegedly used the money however they desired, including to fund acquisitions or cover general operating expenses.

The Mayfields claim that once they started learning about the alleged misconduct and sought answers, the defendants tried to hide relevant information, avoid questions, and provided false explanations. Despite efforts to resolve the issue through a confidential settlement agreement in January 2024, the defendants failed to repay the money, refinance an existing loan, or provide access to their books and records.

Mayfield is seeking “no less than” $11.74 million plus interest, costs, and attorney fees, along with any other relief that the court deems just and proper.

The lawsuit names Camwood Capital Management Group, LLC; Texas Contract Manufacturing Group, Inc.; Unitech Tool & Machine, Inc.; Apex Machining, Inc.; and Lor-Van Manufacturing, Inc. as defendants.

Key Points:

• Baker Mayfield alleges that over $12 million was stolen from him between 2018 and 2021

• A collection of interconnected entities with common ownership transferred the money without authorization or proper documentation

• The defendants allegedly used the money to fund acquisitions or cover general operating expenses

• Despite a confidential settlement agreement, the defendants failed to repay the money or provide access to their books and records

• Mayfield is seeking $11.74 million plus interest, costs, and attorney fees

Baker Mayfield’s Football Career

Baker Mayfield’s football career has included a four-year contract with the Cleveland Browns worth $32.6 million, as well as a one-year contract with the Tampa Bay Buccaneers in 2023 and a new three-year deal with the Bucs in 2024 worth $100 million.

The lawsuit names several entities with common ownership as defendants, including Texas Contract Manufacturing Group, Inc., Unitech Tool & Machine, Inc., Apex Machining, Inc., and Lor-Van Manufacturing, Inc.