Floyd Mayweather has filed a lawsuit against Showtime, claiming the boxing broadcaster played a key role in a scheme that left hundreds of millions of dollars from his boxing career missing.
The lawsuit, filed in California and obtained by TMZ Sports, alleges Mayweather lost more than $340 million through what he describes as a long-running and elaborate financial fraud. The suit names Showtime and former Showtime Sports president Stephen Espinoza as defendants.
Mayweather’s longtime adviser Al Haymon is central to the claims but is not being sued.
According to the filing, Mayweather is seeking to “recover hundreds of millions of dollars in the misappropriated funds and damages resulting from a long-running and elaborate scheme of financial fraud,” alleging Haymon received “substantial participation and aid” from Showtime and Espinoza.
Mayweather claims Haymon misappropriated a “significant portion” of his career earnings, estimated at $340 million, and that the money remains “missing” and unaccounted for.
Major fights cited in lawsuit
The lawsuit references several of the biggest bouts of Mayweather’s career, including his blockbuster fights with Manny Pacquiao and Conor McGregor.
Mayweather alleges Showtime and Espinoza effectively directed money owed to him into accounts controlled by Haymon, allowing the funds to bypass Mayweather entirely.
Years later, after Mayweather changed management, his new team requested access to Showtime’s financial records. The lawsuit claims the network told him those records were either “lost in a flood” or could not be accessed.
Mayweather is suing Showtime and Espinoza for aiding and abetting breach of fiduciary duty, civil conspiracy to commit fraud, conversion, and unjust enrichment. In addition to the $340 million, he is also seeking punitive damages.
Attorney predicts victory
Mayweather’s attorney, Bobby Samini, said the former champion plans to pursue the case aggressively.
“Floyd is one of boxing’s biggest pay-per-view draws. He generated hundreds of millions of dollars in revenue for Showtime,” Samini said.
“Mr. Mayweather now takes this fight to the courtroom to recover what he rightfully earned. Retiring undefeated at 50-0, Mr. Mayweather will go the distance in the courtroom just as he has in the ring.”
Mayweather retired with a perfect 50-0 record and has repeatedly claimed to have earned more than $1 billion during his career.
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