Floyd Mayweather Jr., one of history’s most successful professional boxers, is suing Showtime and a former executive at the company for $340 million, accusing them of depriving him of a “significant portion of his career earnings.”
The 48-year-old retired athlete alleges in the complaint that Showtime “through a complex web of hidden accounts, unauthorized transactions, and deliberate concealment of financial records,” wrongly paid some of his earnings to his former manager, Al Haymon.
The lawsuit, filed Tuesday in Los Angeles County Superior Court, is aimed at the Paramount-owned network and its former president of Showtime Sports, Stephen Espinoza. The complaint alleges that Mayweather’s inquiries about his pay were met with conflicting responses from Showtime, including that “critical financial records for Mayweather’s biggest fights were ‘lost’ or inaccessible.”
Haymon is not named as a defendant in the lawsuit.
A spokesperson for Paramount wrote in a statement to The Times that “these baseless claims lack legal or factual merit. We strongly reject them and will respond accordingly through the court process.”
Haymon did not immediately respond to a request for comment.
Over Mayweather’s 21-year career, the boxer has reportedly earned $1.2 billion. He first met his former manager, Haymon, in 2004. The boxer soon entered a verbal agreement with Haymon, allowing him to be Mayweather’s manager for a 10% fee. According to the suit, Mayweather considered Haymon to be a “father figure and relied on him to manage virtually all aspects of his finances and contracts.” Haymon worked in this role for about 20 years, and over time, the suit alleges, he became the “mastermind of the financial scheme,” engaging in “financial manipulation and self-dealing behind Mayweather’s back.”
In 2013, Mayweather exited a long-term contract with HBO to ink a new exclusive multi-fight deal with Showtime. The complaint states that Haymon’s “scheme” consisted of “diverting portions” of Mayweather’s earnings “under false pretenses that Haymon then kept or controlled,” putting fight revenues into “secret accounts that Mayweather did not know about or have access to,” paying himself large sums of money without Mayweather‘s knowledge and allegedly altering documents to cover up these actions.
Mayweather’s new team reached out to Showtime in 2024 for documentation of fight revenues and expenses. According to the lawsuit, his team was told the documents were “‘lost in a flood’ or stored off-site and not readily accessible.”
Mayweather also alleges Showtime still owes him $20 million from his 2015 fight against Andre Berto. The payout was originally meant to come from the proceeds of the Manny Pacquiao fight that year.
The lawsuit contends that by wiring Mayweather’s earnings to accounts inaccessible tothe boxer and saying that key documents are missing, both “Showtime and Espinoza enabled Haymon’s scheme and stymied Mayweather’s efforts to uncover the truth.”
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