Floyd Mayweather Showtime lawsuit, explained; Why boxing star is suing company for $340M

Floyd Mayweather is initiating legal action against Showtime, alleging that its involvement in his former manager's breach of fiduciary duty resulted in him being swindled out of hundreds of millions of dollars.

Mayweather boasts one of the most illustrious boxing careers in history. However, he maintains that he has not received the full benefits to which he was entitled.

The Sporting News explains why Floyd Mayweather is filing a $340 million lawsuit against Showtime.

Why is Floyd Mayweather suing Showtime?

Mayweather is suing Showtime, alleging that they significantly contributed to his ex-manager's scheme that cost him hundreds of millions of dollars.

In the lawsuit Floyd filed in California, which TMZ Sports obtained, Mayweather states his determination to recover hundreds of millions of dollars in misappropriated funds and damages. He describes this as part of a long-standing, complex financial fraud scheme, allegedly orchestrated by his longtime advisor, Al Haymon.

Additionally, he alleges that Haymon received significant support and assistance from Showtime and former Showtime Sports president Stephen Espinoza.

Floyd Mayweather net worth 

Mayweather's estimated net worth is in the hundreds of millions. Thanks to his big fights, such as the $180 million bout against Manny Pacquiao.

Mayweather's real estate investments, including luxury homes and big projects in New York and Miami, certainly help this number. 

While the exact numbers may differ, he's always ranked among the world's highest-paid athletes. Mayweather's career earnings have surpassed $1 billion, but his network, according to Sports Illustrated, is valued at between $400 and $560 million.

Is Floyd Mayweather going broke?

Floyd Mayweather has consistently denied rumors of financial decline, despite recent reports indicating substantial monetary pressures. He insists he is creating "generational wealth," but as of early 2026, several legal and financial disputes have come to light.

Mayweather faces financial and legal issues on the regular, including a $3 million debt to a Nigerian media company, foreclosure risks on two properties, and potential loss of his "Girl Collection" strip club due to unpaid taxes.

In 2026, courts allowed his attorneys to pursue his car collection, including a Bugatti Veyron, to settle debts. He also reportedly secured a $54 million loan with 9% interest, using his assets as collateral.

Mayweather's lawsuit against Showtime and Al Haymon is another chapter in this long history of financial problems.

Floyd Mayweather boxing record

Mayweather maintains an unblemished professional boxing record of 50-0, with 27 victories achieved through knockout. He officially retired from professional boxing in August 2017 following his victory over MMA fighter Conor McGregor.

Some may remember Mayweather fighting in 2021; however, that was an exhibition match against Logan Paul and did not affect his record.