Floyd Mayweather has filed a $340 million lawsuit against Showtime Sports and its former president, Stephen Espinoza, claiming that a large portion of his earnings from some of his biggest fights is missing, according to TMZ.
Court documents filed in Los Angeles County Superior Court state that Mayweather says ex-manager Al Haymon took control of “a significant portion of his career earnings” while working with Showtime and Espinoza. The lawsuit seeks the missing money and punitive damages for what Mayweather calls a “long-running and elaborate scheme of financial fraud.”
Missing Money From Major Fights
The lawsuit says that funds from two of Mayweather’s most famous fights, against Manny Pacquiao in 2015 and Conor McGregor in 2017, were sent directly to Haymon instead of him. According to TMZ, Mayweather claims the money is “missing and unaccounted for.”
When he asked Showtime for financial records after changing managers, the company reportedly said the records were unavailable. The suit accuses Showtime and Espinoza of hiding records and claims breach of fiduciary duty, civil conspiracy to commit fraud, conversion, and unjust enrichment. Haymon is not named in the suit.
“Floyd is one of boxing’s biggest pay-per-view draws. He generated hundreds of millions of dollars in revenue for Showtime,” said attorney Bobby Samini in a statement to TMZ. “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.”
Mayweather’s Showtime Career
Mayweather’s fights with Pacquiao and McGregor remain two of the richest in combat sports history. In total, he fought eight pay-per-view events under Showtime, generating roughly 15 million buys and more than a billion dollars in revenue.
Showtime Sports no longer exists after parent company Paramount closed the division in 2023. Paramount now works with TKO for UFC events and Zuffa Boxing.
Mayweather retired from professional boxing in 2017 with a perfect record of 50-0 and 27 knockouts. He has continued to compete in exhibition matches, including a fight against John Gotti III in August 2024 at age 47.
This lawsuit marks a new phase in Mayweather’s career, moving from the ring to the courtroom to recover millions he says were mishandled during his career.
