Floyd Mayweather is no stranger to blockbuster paydays, but now the undefeated boxing legend says a massive portion of his fortune has gone missing, and he’s taking one of his former business partners to court over it.
Mayweather has filed a lawsuit in California accusing Showtime of helping orchestrate what he calls a long-running financial scheme that allegedly cost him hundreds of millions of dollars. According to court documents obtained by TMZ Sports, Mayweather says he is seeking to “recover hundreds of millions of dollars in misappropriated funds and damages” tied to what he describes as “an elaborate scheme of financial fraud.”
At the center of the lawsuit is Al Haymon, Mayweather’s longtime advisor and a major power broker in the boxing world. Mayweather claims Haymon misappropriated a significant portion of his career earnings over more than a decade — an amount he estimates at $340 million.
And in this new filing, Mayweather argues that Haymon didn’t do it alone. Mayweather alleges that Showtime, along with former Showtime Sports president Stephen Espinoza, provided “substantial participation and aid” in the alleged fraud.
The lawsuit claims that money Mayweather was owed from some of the biggest events of his career was effectively funneled into accounts controlled by Haymon, rather than being delivered directly to Mayweather. In other words, Mayweather says Showtime payments that should have gone straight to him instead ended up in the hands of his advisor.
The suit references several of Mayweather’s most lucrative matchups, including his record-setting bout with Manny Pacquiao and the crossover spectacle against Conor McGregor.
Mayweather is now alleging that even at the height of his earning power, money was being redirected without his knowledge or proper accounting. Mayweather claims the funds remain “missing and unaccounted for.”
“These baseless claims lack legal or factual merit,” said a spokesperson for Paramount, Showtime’s parent company, in a statement. “We strongly reject them and will respond accordingly through the court process.”
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