Floyd Mayweather Sues Showtime: 'Cheated Me of Millions'

Floyd Mayweather claims that over his legendary career he earned more than a billion dollars, but not all of that money reached his account. Now he is suing the television channel Showtime, alleging that it played a key role in his ex-manager depriving him of hundreds of millions.

According to media reports, the lawsuit was filed in California. Mayweather aims to «recover hundreds of millions of dollars embezzled through a long-running and elaborate financial fraud scheme» allegedly orchestrated by his longtime adviser Al Haymon. The boxer claims that Haymon received «substantial support and assistance» from Showtime and former Showtime Sports president Stephen Espinoza.

In the lawsuit, Showtime and Espinoza are named as defendants, while Haymon is not listed as a defendant. Mayweather claims that Haymon, with whom he worked for more than ten years, embezzled «a significant portion of his fees» totaling approximately $340 million, and did so with the assistance of Showtime and Espinoza.

According to the boxer, this money is still «missing and unaccounted for.» The lawsuit mentions several of his biggest fights, including bouts with Manny Pacquiao and Conor McGregor. Allegedly, Showtime and Espinoza effectively transferred funds owed to Mayweather directly to Haymon, sending them to accounts controlled by the manager.

Years later, when the undefeated boxer changed his management team, new representatives requested Showtime«s financial documents. According to Mayweather, the channel stated that the documents were «lost in a flood» or unavailable.

Mayweather accuses Showtime and Espinoza of aiding a breach of fiduciary duty, civil conspiracy to commit fraud, misappropriation of funds, and unjust enrichment. In addition to the $340 million, he is also seeking damages.

The boxer«s lawyer, Bobby Samini, commenting on the situation, predicted victory in court. He stated that Mayweather is one of the top boxers generating revenue from pay-per-view broadcasts and brought Showtime hundreds of millions of dollars. «Now Mr. Mayweather is taking this fight to the courtroom to get back what he honestly earned. Having finished his career with a 50-0 record, he will go the full distance in court just as he did in the ring,» Samini said.