James Harden Sues Over Austin McBroom's 'Social Gloves' Boxing Match: Report

James Harden is taking legal action in an attempt to recoup the millions he lost from a "flop" boxing event that pitted TikTok stars against YouTube stars in the ring.

The Brooklyn Nets star is suing in an attempt to recover the $2 million he invested in the "Social Gloves: Battle of the Platforms" event organized by YouTube star Austin McBroom of the Ace Family, Page Six reported. Harden reportedly also wants another $400,000 in profits that he said he was promised.

The June 12 event was headlined by McBroom and TikToker Bryce Hall and featured several other boxing matches between social media stars, including Tayler Holder, Vinnie Hacker and Deji, at the Hard Rock Stadium in Miami Gardens, Florida. The event also featured performances by several artists, including DJ Khaled, Migos and Lil Baby.

However, the event was a financial flop and lost around $10 million, Billboard reported. Hall alone was promised $5 million for his headline fight with McBroom.

According to one of the letters sent by the nine-time All-Star, Harden's attorneys estimated that the organizers owe him about $2.4 million, Page Six reported. Reps for the NBA star did not respond to the outlet's request for comment.

The news came just days after Holder filed a breach of contract suit against McBroom's company, Simply Greatness Productions, claiming that he was supposed to be paid a guaranteed $2 million to fight British YouTuber Gib at the June event. However, the TikTok star alleged in court documents obtained by Page Six Thursday that he has received only $85,000 so far.

McBroom's production company allegedly expected millions of pay-per-view customers for the boxing event, according to the docs.

An investor deck included in Holder's suit claimed that McBroom expected 10 million pay-per-view buyers, making it "the biggest pay-per-view event in history," and estimated that it would gross around $500 million. However, only 136,000 fans paid $50 to watch it.

But Harden and Holder may struggle to collect the cash owed to them as a letter to creditors from Simply Greatness Production suggested it was on the verge of bankruptcy.

"In light of the apparent underperformance of the Event, our firm has been retained to represent SGP in connection with either a workout of the claims of all of its creditors or if a workout is not feasible a likely bankruptcy filing," part of the letter read, according to Page Six.

When the event was announced in April, organizers of "Social Gloves" told the outlet they intended to beat the 1.5 million pay-per-view purchases reportedly generated by YouTube star Jake Paul’s boxing match against MMA fighter Ben Askren earlier that month.

LiveXLive’s CEO Rob Ellin said at the time, "This is the coming-out party we’ve all been waiting for since lockdowns began. Social Gloves is a pop-culture event bringing together art, e-sports, fashion, and music, that will kick off the triumphant return for live entertainment."

"Our stacked fight card features some of the largest social media sensations, whose combined followers total close to 300 million," he continued. "We are also about to announce a star-studded lineup of today’s hottest pop, Latin, country, R&B and hip-hop stars who will all be performing live at our event."