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Floyd Mayweather filed a lawsuit against Showtime Networks and its former sports president Stephen Espinoza.
The lawsuit alleges $340 million of his career earnings was misappropriated. The complaint accuses Showtime and Espinoza of acting as enablers in a fraud that allegedly funneled money away from Mayweather’s personal accounts.
Mayweather claims that funds generated were routed directly into accounts controlled by Al Haymon rather than being paid to the fighter. The suit specifically targets several causes of action, including “aiding and abetting breach of fiduciary duty, civil conspiracy to commit fraud, conversion, and unjust enrichment.”
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The Lawsuit
Central to the dispute are Mayweather’s two highest-grossing fights: the 2015 against Manny Pacquiao and the 2017 bout with Conor McGregor. The lawsuit alleges that despite these bouts, Mayweather’s final compensation did not reflect the actual revenue generated.
While Al Haymon is not currently named as a defendant in this specific filing, legal action could follow. Mayweather’s attorney, Bobby Samini, has stated that the retired 50-0 champion is prepared to “go the distance” in the courtroom to recover the funds he rightfully earned.
“Floyd is one of boxing’s biggest pay-per-view draws. He generated hundreds of millions of dollars in revenue for Showtime. Mr. Mayweather now takes this fight to the courtroom to recover what he rightfully earned. Retiring undefeated at 50-0, Mr. Mayweather will go the distance in the courtroom just as he has in the ring,” Bobby Samini (Mayweather’s attorney)
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Finances
The filing comes after Mayweather denied claims he was broke, as the boxer continues to face scrutiny over his finances.
“I work hard to build my name, to build my reputation, and I’m not going to let anyone go out there and speak my name or talk bad about me, my family, or my companies. Everybody is entitled to their own opinion. If we call having two private jets, owning a hundred buildings, and being able to do what you want bankrupt, then I’m pretty sure everybody wants to live like that,” Mayweather stated
- Boxing News
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