A Long-Running Managerial Relationship
Under a 2005 oral agreement, Haymon agreed to serve as Mayweather’s manager for a 10% fee. Although that arrangement expired a year later, Haymon allegedly continued in the role for 15 more years, overseeing negotiations for fight contracts, television deals, sponsorships and investments.
Haymon is not named as a defendant in the lawsuit.
Mayweather alleges that banking records reveal substantial transfers to companies controlled by Haymon, labeled as “repayment” or “loan payoff.” Tens of millions of dollars were allegedly routed to Alan Haymon Development shortly after major fights.
The complaint also cites numerous individual transactions, including payments as large as $15 million on dates unrelated to any fight, often marked simply as “expenses.”
Alleged Document Alterations and Discrepancies
To conceal the alleged diversion of funds, Mayweather claims Haymon selectively shared financial documents, preventing him from learning the full scope of his fight revenues. In one instance, the manager allegedly altered the date on a contract to misrepresent when it had been signed.
The lawsuit also points to discrepancies tied to the Pacquiao fight, alleging inflated expense reimbursements and a $20 million reimbursement connected to the 2015 Andre Berto bout. Mayweather contends that funds from the Pacquiao event were used as a kind of slush fund to cover unrelated payouts, including the Berto reimbursement.
