Floyd Mayweather Jr. Sues Showtime for Alleged $340M Debt
Floyd Mayweather Jr. has initiated a lawsuit against Showtime Networks Inc., claiming he is owed a staggering $340 million. This legal action highlights allegations of financial misconduct related to his past earnings as a professional boxer.
Details of the Lawsuit Against Showtime
Filed on February 3, 2026, the lawsuit seeks to recover substantial amounts due to what Mayweather describes as a long-standing scheme of financial fraud. He accuses his former manager, Al Haymon, and Showtime executive Stephen Espinoza of conspiring to manipulate his earnings. Haymon, however, is not listed as a defendant in the suit.
Key Allegations
- Claims of misappropriated funds totaling at least $340 million.
- Accusations of unauthorized transactions and hidden financial records.
- Allegations of a lack of transparency regarding his earnings.
Financial Background
Mayweather, who completed his boxing career with an undefeated 50-0 record, was once the highest-paid athlete globally, as ranked by Forbes from 2012 to 2014. His career earnings are reported to exceed $1.2 billion, yet he asserts he has been deprived of a significant portion of this money.
Historic Showtime Contract
In 2013, Mayweather signed a groundbreaking 30-month deal with Showtime. This contract involved six fights, including bouts against Robert Guerrero, Canelo Alvarez, and Manny Pacquiao. Notably, his fight with Pacquiao remains the highest-grossing pay-per-view event, generating over $410 million.
Mayweather’s Financial Distress
In the lawsuit, Mayweather claims that Showtime and Espinoza did not provide adequate financial oversight, allowing his earnings to be funneled into accounts controlled by Haymon. This lack of clarity has allegedly led to “enormous financial harm” to Mayweather.
Future Fights
Although he retired in 2017, Mayweather has participated in exhibition matches post-retirement. A fight with Mike Tyson was hinted at for spring 2026, though no specifics have been confirmed. Additionally, speculation surrounds a potential matchup with K-1 kickboxing star Mike Zambidis set for June 27 in Greece.
As the situation unfolds, the boxing world is closely watching Mayweather’s legal battle with Showtime. The outcome could have significant implications for broadcasting contracts in the sports industry.
