Floyd Mayweather Sues Showtime, Alleging Millions in Unpaid Earnings
Floyd Mayweather, the legendary boxer known for his undefeated record, is entangled in a legal battle with Showtime. He is suing the network, alleging that he has not received millions in earnings throughout his illustrious career.
Background of the Lawsuit
Mayweather’s lawsuit, filed in California, claims that he aims to recover hundreds of millions of dollars lost to financial mismanagement. This alleged misappropriation involves his former manager, Al Haymon, and has reportedly caused substantial financial damage.
Allegations Against Showtime and Espinoza
The suit names Showtime and Stephen Espinoza, former president of Showtime Sports, as defendants. Notably, Haymon is not included in the lawsuit. Mayweather asserts that Haymon mismanaged an estimated $340 million of his earnings with assistance from Showtime.
Missing Earnings
According to Mayweather, significant portions of his earnings from high-profile fights, including bouts against Manny Pacquiao and Conor McGregor, were misdirected. He claims Showtime facilitated this by relaying funds into accounts controlled by Haymon.
Additional Claims
Mayweather’s allegations extend to the lack of transparency regarding Showtime’s financial records. After changing management, his new team requested access to Showtime’s books, which were allegedly reported lost or inaccessible.
Legal Grounds for the Case
Floyd Mayweather is suing for several reasons, including:
- Aiding and abetting breach of fiduciary duty
- Civil conspiracy to commit fraud
- Conversion
- Unjust enrichment
In addition to claiming $340 million, Mayweather is also seeking punitive damages. His attorney, Bobby Samini, expressed confidence in Mayweather’s case, emphasizing his status as one of boxing’s top pay-per-view attractions.
Seeking Justice
Samini noted that Mayweather’s goal is to recover what he rightfully earned over a career that generated hundreds of millions for Showtime. As he did in the ring, the undefeated fighter plans to pursue justice in court, standing firm in this ongoing battle.
