Baker Mayfield Files $11.7 Million Lawsuit Against Father’s Financial Firm
Tampa Bay Buccaneers quarterback Baker Mayfield is embroiled in a legal dispute off the field as he sues his father’s financial firm, Camwood Capital Management Group, for $11.7 million. The lawsuit, filed in federal court, accuses Camwood Capital—owned by James Mayfield—of breaching a settlement agreement and mismanaging millions of dollars from Mayfield’s personal accounts.
Allegations of Unauthorized Transactions
According to the lawsuit, between 2018 and 2021, Camwood Capital allegedly withdrew $12.2 million from accounts belonging to Mayfield and his wife without their authorization or adequate documentation. The funds were reportedly used to finance various business ventures, including the acquisition of Austin-based companies.
In January 2024, both parties reached a settlement agreement after the transactions were investigated. The agreement included an acknowledgment by Camwood Capital of unauthorized transfers and a repayment plan starting in September 2024.
Failure to Comply With Settlement Terms
Despite the settlement agreement, the lawsuit alleges that Camwood Capital has not made any payments toward the debt. It further claims that the firm has failed to refinance its existing loans and has denied the Mayfields access to financial records.
“To date, Camwood Capital has not repaid even one dollar under the Settlement Agreement, Defendants have failed to refinance their existing loan, and Defendants have not provided Plaintiffs with access to their books and records,” the lawsuit states.
The Mayfields are now pursuing legal action to recover the $11.7 million owed, along with interest.
Mayfield’s Family and Financial Struggles
The lawsuit adds another chapter to Baker Mayfield’s long-standing family challenges. While Mayfield became a football star at Lake Travis High School, leading the Cavaliers to a state championship in 2011, his senior year was marked by financial hardship. During that time, his father’s private equity business struggled, forcing the family to sell their home and move through four rental properties before Mayfield graduated in 2013.
James Mayfield, a former high school football player himself, currently resides in Lake Travis with his wife of over 35 years, according to Camwood Capital’s website.
Camwood Capital Remains Silent
As of now, Camwood Capital has declined to comment on the lawsuit, leaving unanswered questions about the firm’s financial practices and the allegations of mismanagement.
The legal dispute highlights issues of trust and accountability in family-run businesses. If the court rules in favor of Baker Mayfield, the case could result in significant financial and reputational consequences for Camwood Capital. Mayfield’s decision to take legal action underscores the importance of safeguarding personal finances, even in relationships as close as family. While the Buccaneers fight for a top spot in the NFC South, Mayfield’s off-the-field battle serves as a reminder of the challenges that can arise when financial trust is broken.
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