Boxing’s Floyd Mayweather Jr. filed a lawsuit in California, accusing former promotional partner Showtime of playing a central role in what he describes as the loss of hundreds of millions from his career earnings. TMZ broke the news on Tuesday (Feb. 3).
In the filing, Mayweather alleges he generated more than $1 billion during his fighting career. He claims a significant share of that revenue never reached him.
The lawsuit seeks to recover “hundreds of millions of dollars in misappropriated funds and damages,” framing the dispute as a prolonged financial fraud scheme. Mayweather finished his perfect career with Showtime, fighting high-profile fighters such as Manny Pacquiao, Conor McGregor, and Canelo Alvarez.
The case centers on Mayweather’s former adviser Al Haymon, who managed him for more than a decade. Mayweather alleges Haymon diverted roughly $340 million from his earnings. While Haymon is not named as a defendant, the lawsuit claims Showtime and former Showtime Sports president Stephen Espinoza enabled the alleged misconduct.
Floyd Mayweather Jr. Sues Showtime For Misappropriated Funds & Damages, 50 Cent Jokes
Showtime and Espinoza are both listed as defendants. According to the complaint, fight purses from blockbuster bouts were routed into accounts effectively controlled by Haymon. Mayweather alleges this structure stripped him of direct oversight of his own income.
The lawsuit references some of the biggest events in boxing history, including superfights against Manny Pacquiao and Conor McGregor. Each produced massive pay-per-view revenue. Mayweather claims funds from those bouts were sent through channels he did not control.
After switching managers, Mayweather says his new team requested financial records from Showtime. He alleges the network claimed the documents were lost in a flood or otherwise inaccessible. He maintains the money remains unaccounted for.
Mayweather is suing for aiding and abetting breach of fiduciary duty, civil conspiracy, fraud, conversion, and unjust enrichment. He is also seeking punitive damages.
The lawsuit sparked public commentary from Mayweather’s former friend, 50 Cent. In an Instagram post, 50 throws a jab at Floyd.
“Oh no don’t cry now champ they beat you out of $320 million, you dumb ass 🥷🏾,” 50 captioned the post. “I told you let me read the contracts now lace up, You gotta look good fighting Mike. then maybe we can get Bud to beat your ass for some big money.”
For Mayweather, the fight has shifted arenas. His record remains flawless. The outcome now hinges on the courtroom.
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