Floyd Mayweather’s Financial Challenges
Floyd Mayweather, the iconic boxing champion, is facing significant financial challenges as the IRS has placed a lien on him for a staggering $7.3 million due to unresolved tax debts from 2018 and 2023. Located in Las Vegas, this legal action allows the government to seize his assets until the owed amount is settled.
Extravagant Lifestyle and Continued Boxing
Despite earning over $1 billion throughout his illustrious boxing career, Mayweather, now 49 and retired, has become notorious for his extravagant lifestyle, which may have led to his current financial woes. These ongoing issues have prompted him to continue participating in boxing events, long after his last professional fight in 2017, when he defeated Conor McGregor by TKO.
Since that time, Mayweather has engaged in several lucrative exhibition matches, including bouts against Tenshin Nasukawa in 2018 and Logan Paul in 2021. Recently, he has fought in six additional exhibitions, showcasing his skills against personalities like YouTube star “Deji” and MMA fighter John Gotti III.
Upcoming Rematch and Controversy
Looking ahead, Mayweather has scheduled a highly publicized rematch with Manny Pacquiao, set to take place in September on Netflix. However, the rematch has drawn controversy; while Netflix promoted this event as a professional fight, Mayweather indicated it would actually be an exhibition, leading to conflicting narratives about the match’s structure.
“Mayweather had already accepted cash advances for this rematch, thus violating his contract.” – Jas Mathur, CEO of Manny Pacquiao Promotions
Mathur further noted that Mayweather has taken out a “significant loan” associated with the fight.
Legal Battles and Future Plans
Moreover, Mayweather is expected to partake in two additional exhibitions against famed boxers Mike Tyson and Mike Zambidis before the anticipated showdown with Pacquiao. Compounding these difficulties, he is also embroiled in a legal battle against Showtime, claiming over $340 million in damages for alleged “misappropriated funds” connected to his pay-per-view events.
