Floyd Mayweather sues Showtime for $340 million over ‘missing’ money from his fight purses

 American boxer, Floyd Mayweather, has filed a blockbuster lawsuit against Showtime and former Showtime Sports president Stephen Espinoza, alleging missing earnings from several of his fights for the network including his 2017 showdown against UFC superstar Conor McGregor. Mayweather inked a lucrative six-fight deal with the broadcaster back in 2013 and ended up having the last seven fights of his professional career aired on the platform. But claims the network owes him hundreds of millions of dollars in the misappropriated funds and damages resulting from a long-running and elaborate scheme of financial fraud. Mayweather alleges that former advisor Al Haymon screwed him out of money with the substantial participation and aid of former Showtime Sports President Stephen Espinoza. In the lawsuit, which was filed in California, Mayweather alleges that PBC owner Haymon misappropriated a significant portion of his career earnings. Mayweather and his team believe the alleged amount misappropriated is in the region of $340MILLION (250million). Despite believing Haymon cheated him out of cash, Mayweather hasnt named the powerful adviser in the suit. Showtime and Espinoza are listed as defendants and are accused by Mayweather and his legal team of aiding and abetting breach of fiduciary duty, civil conspiracy to commit fraud, conversion, and unjust enrichment. Mayweather and his new team believe the money is still missing and unaccounted for and have asked to review Showtimes books. But Showtime, according to the boxer, have claimed theyre unable to provide them as they were lost in a flood. Mayweathers legal team insists hell go the distance to recover the funds hes allegedly been denied. His lawyer, Bobby Samini, told TMZ: Floyd is one of boxings biggest pay-per-view draws. He generated hundreds of millions of dollars in revenue for Showtime. Mr. Mayweather now takes this fight to the courtroom to recover what he rightfully earned. Retiring undefeated at 50-0, Mr. Mayweather will go the distance in the courtroom just as he has in the ring.  The post Floyd Mayweather sues Showtime for $340 million over missing money from his fight purses appeared first on Linda Ikeji Blog.