Floyd Mayweather is stepping back into the spotlight, this time in court.
The retired boxing champion has filed a massive $340 million lawsuit against Showtime, accusing the network of helping his former manager, Al Haymon, cheat him out of millions during his legendary career. Court documents obtained by TMZ Sports describe what Mayweather calls “a long-running and elaborate scheme of financial fraud.”
The 48-year-old claims hundreds of millions of dollars from his fight earnings are now “missing” and “unaccounted for,” including about $20 million he says is still owed from his 2015 bout with Andre Berto. The suit also alleges that payments from blockbuster fights with Manny Pacquiao and Conor McGregor were improperly routed to accounts controlled by Haymon.
Mayweather further accuses Showtime and former network executive Stephen Espinoza of providing “substantial participation and aid” in the alleged misconduct. When Mayweather changed management teams and asked to review financial records, he says Showtime responded that documents were either inaccessible or had been “lost in a flood.”
Showtime’s parent company, Paramount, denied the allegations in a statement, saying, “These baseless claims lack legal or factual merit. We strongly reject them and will respond accordingly through the court process.”
Mayweather is seeking both damages and punitive penalties as the case moves forward.
