Floyd Mayweather Files $340 Million Lawsuit Against Showtime Over Alleged Missing Funds

American boxing champion Floyd Mayweather has launched a major lawsuit against Showtime and Stephen Espinoza, a former president of Showtime Sports. The lawsuit centers on accusations of missing earnings related to several bouts with the network, most notably his 2017 clash with UFC star Conor McGregor.

In 2013, Mayweather signed a lucrative six-fight contract with Showtime that included airing the last seven matches of his career on their platform. He claims that the network owes him “hundreds of millions of dollars” due to misappropriated funds stemming from a prolonged and sophisticated scheme of financial fraud.

Mayweather asserts that former advisor Al Haymon deprived him of earnings with significant complicity from Espinoza. The legal action filed in California alleges that Haymon misappropriated a substantial portion of Mayweather’s earnings throughout his career.

The boxer and his legal team estimate that the amount in question could be around $340 million (£250 million). Even though Mayweather suspects Haymon has unlawfully enriched himself at his expense, he has not included the influential advisor in this specific lawsuit.

Showtime and Espinoza are named as defendants in the case, with accusations of facilitating a breach of fiduciary duty, civil conspiracy to commit fraud, conversion, and unjust enrichment.

Mayweather and his representatives allege that the funds are still “missing and unaccounted for” and have requested to inspect Showtime’s financial records. However, Showtime has responded by claiming that the requested documents are unavailable due to being “lost in a flood.”

Mayweather's legal team is determined to pursue the recovery of the funds he believes he has been unjustly denied. His attorney, Bobby Samini, commented to TMZ, stating, “Floyd is one of boxing’s biggest pay-per-view draws.”

Samini added, “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 with an undefeated record of 50-0, Mr. Mayweather will go the distance in the courtroom just as he has in the ring.”