FLOYD MAYWEATHER is suing Showtime to “recover hundreds of millions of dollars”, according to a lawsuit.
Mayweather inked a lucrative six-fight deal with the broadcaster back in 2013 and ended up having the last seven fights of his professional career aired on the platform.
But the Hall of Famer claims the network owes him “hundreds of millions of dollars in the misappropriated funds and damages resulting from a long-running and elaborate scheme of financial fraud.”
Mayweather alleges that former advisor Al Haymon screwed him out of money with the “substantial participation and aid” of former Showtime Sports President Stephen Espinoza.
In the lawsuit, which was filed in California, Mayweather alleges that PBC owner Haymon misappropriated a “significant portion of his career earnings”.
Mayweather and his team believe the alleged amount misappropriated is in the region of £250million.
Despite believing Haymon cheated him out of cash, Mayweather HASN’T named the powerful adviser in the suit.
Showtime and Espinoza are listed as defendants and are accused by Mayweather and his legal team of “aiding and abetting breach of fiduciary duty, civil conspiracy to commit fraud, conversion, and unjust enrichment.”
Mayweather and his new team believe the money is still “missing and unaccounted for” and have asked to review Showtime’s books.
But Showtime, according to the boxer, have claimed they’re unable to provide them as they were “lost in a flood”.
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Mayweather’s legal team insists he’ll “go the distance” to recover the funds he’s allegedly been denied.
His lawyer, Bobby Samini, told TMZ: “Floyd is one of boxing’s biggest pay-per-view draws.
“He generated hundreds of millions of dollars in revenue for Showtime.
“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.”
Neither Haymon nor Espinoza, who promoted Mayweather during his time with Showtime, have publicly commented on the lawsuit.
Mr. Mayweather now takes this fight to the courtroom to recover what he rightfully earned.”
Floyd Mayweather’s lawyer, Bobby Samini
Mayweather often publicly praised Haymon in the build-up to and aftermath of his fights, saying back in 2014: “Me and Al Haymon work hand in hand.
“Al Haymon is a great guy, a tremendous guy.
“One thing that I can say is that Al Haymon is a man of his word.
“Whatever he says he’s going to do, he’s going to do.
“Al Haymon is one of the best people I have ever met in my life.”
In addition to the alleged £250m of misappropriated funds, Mayweather and his team are also seeking punitive damages.
