Floyd Mayweather has filed a $340 million lawsuit against Showtime and former Showtime Sports president Stephen Espinoza, alleging that hundreds of millions of dollars from his career earnings were misappropriated and remain unaccounted for.
The lawsuit was filed in California and claims that Mayweather suffered significant financial losses due to what the filing describes as a long-running scheme involving breach of fiduciary duty and financial misconduct.
According to the lawsuit, Mayweather alleges that a substantial portion of his career earnings was diverted without his knowledge, with the filing accusing Showtime and Espinoza of providing assistance in the alleged misconduct.
Allegations outlined in court filing
The lawsuit states that Mayweather generated more than $1 billion in revenue during his career and claims that approximately $340 million of those earnings were misappropriated.
Mayweather alleges that the disputed funds were routed through accounts effectively controlled by his longtime adviser Al Haymon. Haymon is referenced extensively in the filing but is not named as a defendant in the lawsuit.
Showtime and Espinoza are accused of aiding and abetting the alleged misconduct by directing payments in a manner that the lawsuit claims allowed the funds to be misappropriated.
Claims and damages sought
The lawsuit includes claims of aiding and abetting breach of fiduciary duty, civil conspiracy, conversion, and unjust enrichment.
In addition to the $340 million figure cited in the filing, Mayweather is also seeking punitive damages.
Mayweather further alleges that attempts to review financial records related to his Showtime contracts were unsuccessful, with the lawsuit claiming that documentation was either unavailable or inaccessible.
Case status
At the time of publication, Showtime and Stephen Espinoza have not publicly responded to the lawsuit.
The case will now proceed through the California court system.
About the Author
Phil Jay is the Editor-in-Chief of World Boxing News (WBN), a veteran boxing reporter with 15+ years of experience. He has interviewed world champions, broken international exclusives, and reported ringside since 2010. Read full bio.
