According to Reuters, Anheuser-Busch InBev has sued MLB in U.S. District Court in Manhattan over the matter.
Anheuser contends MLB agreed in April to renew the beverage giant’s exclusive malt beverage sponsorship rights for several years. Anheuser reportedly claims MLB later decided the accord wasn’t binding and it could offer sponsorship rights to competitors.
Anheuser is asking the court to declare that the April agreement is enforceable and prevent MLB from entering into a deal with a competitor, Reuters reported.
However, MLB said it hasn't received the Anheuser-Busch complaint and its lawyers have yet to review it.
“We don’t normally discuss active litigation. However, we have a different view of what has been reported. We are going to share that throughout the legal process," Matt Bourne, an MLB spokesman, told FOX Business.
It’s not clear which competitors MLB is eyeing, but Anheuser considers Molson Coors (NYSE:TAP) and SABMiller (NYSE:SBMRY) two of its chief rivals.