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Floyd Mayweather has filed a lawsuit in California accusing Showtime and former Showtime Sports president Stephen Espinoza of helping to facilitate the alleged misappropriation of $340 million from his career earnings.
The 50-0 boxing legend claims his longtime adviser Al Haymon orchestrated an elaborate financial fraud scheme with the aid of the network and its executive, though Haymon himself is not named as a defendant in the suit.
The lawsuit, filed this week and obtained by TMZ Sports, alleges that despite earning over $1 billion across his 21-year career, Mayweather never received hundreds of millions of dollars that were owed to him. According to the complaint, Showtime and Espinoza allegedly funneled payments meant for Mayweather directly into accounts controlled by Haymon during several of the boxer’s marquee fights, including his 2015 bout against Manny Pacquiao and his 2017 crossover fight with Conor McGregor.
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Mayweather‘s legal team claims the fraud continued for over a decade while the fighter worked with Haymon from 2006 onwards. The partnership had been considered hugely successful, with Haymon helping Mayweather secure a six-fight deal with Showtime in 2013 that was worth over $200 million and described at the time as the richest individual athlete contract in sports history.
The lawsuit gained momentum after Mayweather switched management teams in 2024, bringing in former Golden Boy Promotions president Richard Schaefer to replace his longtime business partner Leonard Ellerbe as CEO of Mayweather Promotions. When Schaefer’s team requested financial records and accounting documents related to the Pacquiao and McGregor fights from Showtime, they were allegedly told the materials were either lost in a flood, stored off-site, or otherwise inaccessible.
