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Legendary Boxer Floyd Mayweather Files $340 Million Lawsuit

Originally posted on The Spun | By Tzvi Machlin | Last updated Feb 4, 2026 12:04 PM ET

Over his decades of pro boxing, Floyd Mayweather Jr. is believed to have earned nearly a billion dollars or more. So when he takes someone to court over $340 million, you should expect he's going to fight to the end.

According to Dominic Patten of Deadline, Mayweather is pursuing a lawsuit against the Showtime network and others for "hundreds of millions of dollars in the misappropriated funds and damages resulting from a long-running and elaborate scheme of financial fraud.” He is seeking $340 million in damages from the cable network in a lawsuit filed on Tuesday in the LA Superior Court.

"Basically Mayweather and his attorney say that vast sums of money due the boxer known as “Money” was knowingly deposited by (former Showtime executive Stephen) Espinoza and Showtime into accounts controlled by his ex-manager Al Haymon. Accounts that Mayweather says he knew nothing about and apparently saw little from," Patten wrote.

Power Jab! Floyd Mayweather Sues Showtime For $340M, Boxer Claims "Elaborate Scheme Of Financial Fraud" By Channel, Exec & Ex-Aide https://t.co/Pz9nzSj801
— Deadline (@DEADLINE) February 4, 2026

Haymon, however, is not one of the defendants in a 25-page complaint.

"Today’s complaint postulates that Stephen Espinoza, who left Showtime almost three years ago once the plug was pulled on the Sports division by the pre-David Ellison regime, is working with the very Al Haymon," Patten added later. "The continuing connection between the ex-Ziffren Brittenham attorney and the little seen or heard from manager he allegedly aided while at Showtime in siphoningoff cash from Floyd Mayweather makes for a great added twist to the tale. However, Deadline cannot verify the validity of that information or the duo’s ongoing professional relationship at Premier Boxing Champions or otherwise."

A spokesperson for Paramount, the parent company for Showtime, stated that the company vehemently rejected the claims of Mayweather.

"These baseless claims lack legal or factual merit. We strongly reject them and will respond accordingly through the court process," they said on Tuesday in a response to Deadline.

LAS VEGAS, NEVADA - JULY 10: Boxer Floyd Mayweather Jr. attends a game between the Golden State Warriors and the San Antonio Spurs during the 2022 NBA Summer League at the Thomas & Mack Center on July 10, 2022 in Las Vegas, Nevada. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Ethan Miller/Getty Images)Ethan Miller/Getty Images

Floyd "Money" Mayweather

Mayweather is widely regarded as one of the greatest boxers in history, known for his unparalleled defensive skill, technical precision, and undefeated professional record. Turning pro in 1996 after a decorated amateur career, Mayweather won world championships in five weight classes, beginning at super featherweight and eventually capturing titles up to light middleweight. Over the years, he defeated many of the sport’s biggest names, including Oscar De La Hoya, Manny Pacquiao, Canelo Álvarez, and Miguel Cotto, cementing his place among boxing’s all-time greats.

Beyond his in-ring success, Mayweather transformed the business of boxing, becoming one of the highest-paid athletes in sports history. He headlined some of the most lucrative pay-per-view events ever, leveraging his persona and promotional control to maximize earnings while maintaining full command of his career. Retiring with a perfect 50–0 professional record, Mayweather’s legacy is defined by dominance, longevity, and financial success, though his defensive style and outspoken persona have also made him a polarizing figure.

This article first appeared on The Spun and was syndicated with permission.

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