Floyd Mayweather is taking Showtime and its former president to court.
According to court documents reviewed by TMZ, Mayweather alleges that the network played a role in his ex-manager, Al Haymon, allegedly misappropriating hundreds of millions of dollars.
In the complaint, the 48-year-old boxer alleges that Haymon, who managed him for over a decade, received "substantial participation and aid" from Showtime and former Showtime Sports president Stephen Espinoza. He alleges that they misappropriated a "significant portion of his career earnings," estimated at $340 million.
Mayweather claims that the money is still “missing and unaccounted for.”
The suit reportedly references several of his biggest fights, including those against Manny Pacquiao and Conor McGregor, alleging that Showtime and Espinoza funneled money owed to Mayweather directly into accounts controlled by Haymon.
After switching managers years later, Mayweather says his new team requested access to Showtime's financial records, but the network supposedly claimed they were “lost in a flood” or otherwise inaccessible.
Mayweather is suing for aiding and abetting breach of fiduciary duty, civil conspiracy to commit fraud, conversion, and unjust enrichment, while also seeking punitive damages in addition to the $340 million.
Haymon is reportedly not named as a defendant in the lawsuit.
His attorney, Bobby Samini, told TMZ, “Floyd is one of boxing’s biggest pay-per-view draws. 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 undefeated at 50-0, Mr. Mayweather will go the distance in the courtroom just as he has in the ring.”
