Floyd Mayweather Jr. has a new fight outside of the ring with longtime partner, Showtime.
Floyd Mayweather Jr. has brought forth a lawsuit against Showtime and former Showtime Sports president Stephen Espinoza. According to TMZ Sports, the heavyweight champion believes both parties caused him to lose around $340 million due to a fraud scheme.
The outlet noted that Mayweather is also accusing Al Haymon, a longtime adviser, of allegedly misappropriating “funds and damages resulting from a long-running and elaborate scheme of financial fraud.” Haymon is not mentioned as a defendant in the case.
In the filing, Mayweather notes that he earned over $1 billion during his boxing career. However, he claims he never saw a significant portion of those earnings. Mayweather reportedly asked to see Showtime’s financial books but was told that they were “lost in a flood,” or weren’t accessible.
Several of Mayweather’s highest-grossing fights are mentioned in the complaint, including the matches against Manny Pacquiao and Conor McGregor. Mayweather alleges that revenue from those events was sent in a manner that allowed Haymon to control or withhold funds that should have been paid directly to him.
Mayweather’s attorney, Bobby Samini, commented on the ongoing legal case, predicting a victory. “Floyd is one of boxing’s biggest pay-per-view draws. He generated hundreds of millions of dollars in revenue for Showtime.” He added, “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.”