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Andreas Hale
Multiple Authors
even with accumulating hundreds of millions in earnings throughout his boxing career and ranking as the highest-paid athlete by Forbes from 2012 to 2014, Floyd Mayweather Jr. asserts that he has not received his due compensation, leading him to file a lawsuit against Showtime for several million dollars.
The complaint, submitted on Tuesday and obtained by ESPN, aims to “recover hundreds of millions of dollars in misappropriated funds and damages from a longstanding and sophisticated scheme involving financial fraud, breaches of fiduciary duty, and conspiracy led by Floyd J. Mayweather’s former manager and advisor, Al Haymon, with significant assistance from defendants Showtime Networks Inc. and Stephen Espinoza, among others.”
Mayweather, 48, claims he’s owed “at least” $340 million, pointing to a “complicated network of undisclosed accounts, unauthorized transactions, and intentional concealment of financial records” as the basis for his allegations of fraud.
Haymon is not mentioned as a defendant in this lawsuit.
Espinoza did not reply to a request for comment regarding the lawsuit.
In 2013, Mayweather signed a groundbreaking 30-month, six-fight agreement with Showtime, marking the richest deal for any single athlete at that time. He faced Robert Guerrero, Canelo Alvarez, Marcos Maidana (twice), Manny Pacquiao, and Andre Berto, and also competed against UFC icon Conor McGregor on Showtime PPV.
Across eight Showtime PPV events, the fight against Pacquiao remains the highest-grossing pay-per-view in history, achieving over 4.4 million purchases and generating $410 million in revenue. Mayweather reportedly earned approximately $250 million from that single event.
Within the lawsuit, Mayweather alleges that Showtime and Espinoza colluded to redirect his earnings into accounts managed by Haymon while failing to maintain financial clarity. He claims to have “sustained significant financial damage” and is missing at least $340 million from his total reported fight earnings of $1.2 billion.
Mayweather hung up his gloves in professional boxing in 2017, boasting a perfect record of 50-0, although he has participated in various exhibition matches since then.
Last September, plans for an exhibition bout with Mike Tyson were announced for Spring 2026, but no date or venue has been confirmed since. also, reports emerged on Tuesday indicating that Mayweather is slated to face K-1 kickboxing legend Mike Zambidis on June 27 in Greece, though no official confirmation for that fight has been made as of yet.
Report contributed by ESPN’s Michael Rothstein.
