Floyd Mayweather has filed a lawsuit against Showtime Networks and former executive Stephen Espinoza, alleging he was deprived of at least $340 million due to hidden accounts, unauthorized transfers, and years of financial opacity tied to his fight earnings. The complaint, filed earlier this month in Los Angeles Superior Court, frames the dispute not just as a financial shortfall but as a long-term loss of control over his own money. All allegations remain unproven in court.
According to the filing, Mayweather relied heavily on longtime adviser Al Haymon to handle negotiations, payments, and financial decisions. While Haymon is not named as a defendant, the lawsuit argues that this reliance created a fiduciary relationship that was allegedly abused through secrecy, self-dealing, and the diversion of funds into accounts Mayweather did not control. One of the central claims is that Mayweather received no formal accounting statements for years and was instead given verbal assurances about his finances.
Showtime and Espinoza are accused of aiding the alleged misconduct by wiring fight revenues to accounts connected to Haymon’s associates rather than directly to Mayweather. The lawsuit claims the defendants failed to question irregular deductions, did not challenge unusually large transfers, and later stated that key financial records were unavailable when Mayweather sought clarity. Espinoza’s later move to Premier Boxing Champions is cited as part of an ongoing relationship relevant to how the funds were handled.
While the $340 million figure dominates headlines, the lawsuit repeatedly emphasizes issues of visibility and authority. Mayweather claims the alleged misconduct went undiscovered for years because documentation was kept out of reach and full oversight never existed.
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