Floyd Mayweather Jr Sues Showtime Over Alleged $340M Revenue Scheme

0
266

From HBO to Showtime

In 2013, Mayweather left HBO and signed an exclusive multi-fight agreement with Showtime, a deal described at the time as the most lucrative in boxing history. The Pacquiao and McGregor bouts were broadcast under that contract.

Instead of sending fight proceeds directly to him, Mayweather alleges Showtime wired his share to an account managed by his tax lawyer. He contends the network bears responsibility for what followed — the alleged misappropriation of funds by Haymon.

When a new management team sought detailed financial breakdowns in 2024 for certain fights, Showtime declined to provide them, according to the complaint. The network later invoked a statute of limitations defense, arguing that claims tied to 2015 bouts are time-barred.

Signup for the USA Herald exclusive Newsletter

The suit also alleges Haymon told Mayweather that certain records had been “lost due to a flood” at a storage facility.

A spokesperson for Paramount, Showtime’s parent company, rejected the accusations.

“These baseless claims lack legal or factual merit,” the spokesperson said in a statement. “We strongly reject them and will respond accordingly through the court process.”