Mayweather Sues Showtime Over $340M Earnings

Floyd Mayweather Jr., the undefeated boxing legend, filed a lawsuit on Tuesday in California state court against Showtime Networks Inc. and its former sports president, Stephen Espinoza, accusing them of aiding in the misappropriation of at least $340 million from his career earnings.

The complaint alleges that Showtime participated in a decade-long scheme orchestrated by Mayweather's former adviser, Al Haymon, who diverted fight revenues into accounts he controlled. Mayweather claims the network wired his shares of proceeds directly to those accounts rather than paying him, enabling what he describes as financial manipulation and self-dealing. Haymon, a prominent figure in boxing as the founder of Premier Boxing Champions, is not named as a defendant in the suit. Mayweather seeks recovery of the funds, along with punitive damages, under claims including aiding and abetting breach of fiduciary duty, civil conspiracy to commit fraud, conversion, and unjust enrichment.

According to the lawsuit, the alleged fraud spanned from 2006 onward, affecting payments from several high-profile bouts during Mayweather's 21-year professional career, which generated more than $1 billion in total...