Billionaire founder of FilmOn.com, Alki David, wants his money back, and he’ll step into the ring to do it!

Last year, David lent actor Charlie Sheen $50,000 when Sheen needed it, and now it’s time for David to get it back. As a way to get his money back, David is challenging Sheen to step into the boxing ring. If Sheen wins, he’ll be able to keep the money. If David wins, he’ll donate the money to charity.

“This will be a great match for charity and Alki wants his money back. He helps people out all the time,” said Celebrity Boxing founder Damon Feldman. “Charlie has the money. This will be a good grudge match.”

David added, “I just want my money back. If Charlie beats me, he keeps it. If I win, I will give it to charity.”

The match is planned for Oct. 19, so if you want to see if Sheen will step into the ring and fight David, keep that date clear on your calendar!

Celebrity Boxing fans, sound off! What do you think about this upcoming grudge match? Do you put your money on David or Sheen winning the cash prize? Give your opinions in the comments section below.