Ring Observer Boxing by Scoop Malinowski
TMZ Sports has reported that former boxing champion Floyd Mayweather Jr. has executed a $340,000,000 lawsuit against Showtime and its former executive, Stephen Espinoza.
The massive lawsuit alleges illegalities for Mayweather’s most lucrative fights against Manny Pacquiao and Conor McGregor – allegedly Showtime and Espinoza directed payments to accounts controlled by Mayweather’s advisor Al Haymon, instead of to Mayweather himself.
Curiously the lawsuit does not name Haymon as a defendant. Once this legal battle begins, Haymon is expected to be called or deposed as a witness by Showtime. It’s also possible Haymon could be added into the lawsuit as a third-party defendant.
There were some indications in recent years that Mayweather has been running out of money, despite the fact he earned hundreds of millions of dollars from his fights, including the six-fight guaranteed $150,000,000 from Showtime and the Pacquiao fight where Floyd reportedly earned well over $100,000,000.
Mayweather’s participation in several embarrassing exhibitions with clown opponents were disappointing financial failures. Taking payments from Israel lobbies to publicly declare his support for Israel despite the two-year genocide of Palestine/Gaza appeared to be a decision of desperation by Floyd. Also there were media reports that Mayweather has been sued by a Las Vegas auto dealership for non-payment for a luxury car, as well as two separate Florida lawsuits against him for business deals gone wrong.
Last year Manny Pacquiao challenged Floyd to a rematch and negotiations started but no deal has been reached after four months. Mayweather had also announced about six months ago an exhibition fight with Mike Tyson for 2026 however no date or details have ever been made public.
Mike Tyson recently said that boxing is a corrupt business that was not designed to make the fighters rich but it’s purpose is to benefit the managers and promoters who use the fighters like pawns.
