Floyd Mayweather Jr. is suing 'Showtime' for $340 million over earnings he claims were improperly directed to his former manager, Al Haymon

Floyd Mayweather Jr. has reportedly filed a lawsuit against Showtime Network for $340 million, alleging that the network misappropriated his earnings during his contract with the network.

Mayweather is recognized as the highest-paid boxer in the sport's history, with reported earnings exceeding one billion dollars. His most lucrative fights against Conor McGregor and Manny Pacquiao each garnered purses of $100 million, along with additional profits and revenue related to those bouts. These fights are reportedly central to the lawsuit.

According to The Hollywood Reporter, the lawsuit alleges that Showtime fraudulently redirected some of his earnings to his former manager, Al Haymon. Haymon worked with Mayweather for over a decade, serving as his manager and handling endorsements and contract negotiations, etc.

Al Haymond and Floyd/YouTube screenshot

Mayweather claims that the network funneled fight revenues into secret accounts controlled by Haymon, which he did not have access to. The lawsuit, filed in California, includes allegations of breach of fiduciary duty and fraud.

The former boxing champion says Showtime wired fight proceeds to an account controlled by his tax lawyer. He faults the network for the subsequent theft of the money by Haymon. When his new management team in 2024 requested detail breakdowns for certain bouts, Showtime declined to produce them, according to the complaint. It later asserted a statute of limitations defense, saying that any claims related to fights in 2015 are time-barred. Haymon allegedly told Mayweather that the records were “lost due to a flood” in a storage facility, according to the suit, as stated by The Hollywood Reporter. 

The lawsuit also contends that Hayman's banking records show large sums of money being transferred to companies controlled by Haymon. Mayweather said tens of millions of dollars were moved to Al Haymon's company, Alan Haymon Development shortly after major fights. The lawsuit also alleges that transactions up to $15 million on dates unrelated to any fight, were also transferred.

The network responded to Floyd's lawsuit, stating, “These baseless claims lack legal or factual merit. We strongly reject them and will respond accordingly through the court process.”

Floyd, who has dubbed himself "The Best Ever" (TBE), comes from a boxing family. His father, Floyd Mayweather Sr., his late uncle, Roger Mayweather, and his uncle Jeff Mayweather, all had careers in boxing. Mayweather Sr. faced numerous elite boxers, including Sugar Ray Leonard.

In a separate upcoming event, Floyd and former heavyweight champion Mike Tyson are scheduled to box each other in an exhibition fight in Africa in March.

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