Boxing legend Floyd Mayweather Jr. is filing a $340 million lawsuit against Showtime and a former company executive. He claims they prevented him from receiving a large share of the money he earned throughout his career.
In a recent lawsuit, the 48-year-old former athlete claims that Showtime improperly sent payments meant for him to his ex-manager, Al Haymon. He alleges this happened through a series of secret accounts and hidden financial dealings.
A lawsuit was filed on Tuesday in Los Angeles accusing Showtime and its former head of sports programming, Stephen Espinoza, of mishandling finances related to Floyd Mayweather. The lawsuit claims that when Mayweather asked about his earnings, Showtime gave him inconsistent answers and even stated that important financial records from his major fights were either missing or couldn’t be found.
Haymon is not named as a defendant in the lawsuit.
A Paramount representative told The Times that the accusations are without merit and lack any legal or factual basis. They firmly deny the claims and plan to address them through legal proceedings.
Haymon did not immediately respond to a request for comment.
Throughout his 21-year boxing career, Floyd Mayweather is estimated to have earned $1.2 billion. He began working with his former manager, Haymon, in 2004, initially agreeing to a verbal deal where Haymon would manage his finances and contracts for a 10% commission. Mayweather viewed Haymon as a mentor and trusted him with nearly all of his financial affairs. However, a lawsuit claims that over the course of their 20-year working relationship, Haymon allegedly became the central figure in a deceptive financial scheme, secretly manipulating Mayweather’s money for personal gain.
In 2013, Floyd Mayweather ended his long-standing agreement with HBO and signed a new, exclusive deal with Showtime. The lawsuit claims Al Haymon ran a scheme to secretly take portions of Mayweather’s fight earnings. Haymon allegedly misled Mayweather, depositing money into hidden accounts Mayweather didn’t know about or have access to, and paid himself substantial sums without Mayweather’s knowledge. He’s also accused of falsifying documents to conceal these actions.
In 2024, Floyd Mayweather’s team contacted Showtime requesting records of income and costs from his fights. The lawsuit claims Showtime responded by saying the documents were either damaged in a flood or were stored elsewhere and difficult to obtain.
Floyd Mayweather claims Showtime hasn’t paid him $20 million earned from his 2015 fight with Andre Berto. He says this money was supposed to come from the revenue generated by his earlier fight with Manny Pacquiao that year.
The lawsuit claims that Showtime and Espinoza helped Haymon carry out his plan by secretly sending Mayweather’s money to accounts he couldn’t reach and falsely claiming important documents were lost. This, the suit alleges, prevented Mayweather from discovering what was happening.
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2026-02-05 02:31