The former world champion claims he earned more than $1 billion throughout his career, but that booty he earned with his fists and sweat was never reflected in his bank account. In other words, he was scammed. That’s why he’s embarked on a legal battle to get back what’s his.
Mayweather has sued Showtime in California. He accuses the company of intervening to favor his former manager to be stripped of large sums of money.
He seeks to “recover hundreds of millions of dollars in misappropriated funds and damages resulting from a prolonged and elaborate scheme of financial fraud,” allegedly perpetrated by his longtime advisor, Al Haymon. He claims that Haymon received “substantial participation and assistance” from Showtime and former Showtime Sports president Stephen Espinoza.
He is suing Showtime and Espinoza for $340 million on the following charges:
- Aiding and abetting breach of fiduciary duty
- Civil conspiracy to commit fraud
- Misappropriation and unjust enrichment
- Punitive damages
50 Cent’s mockery of Mayweather
The situation facing the former boxer is a comedy in the eyes of 50 Cent, his former friend who finds it funny that he was scammed. He did not miss the opportunity to mock him on his social networks.
Oh no, don’t cry now, champ, you got $320 million taken from you, you piece of shit. I told you: “Let me read the contracts now.”
It should be remembered that since the beginning of their enmity, the rapper has taken the opportunity to mock Mayweather because “he can’t read” or has no reading comprehension. He has called him “ignorant” in this regard.
Not content with the above, 50 Cent continued his sarcasm by recommending that he fight exhibition matches with Mike Tyson and Terence Crawford to earn a good purse in exchange for taking beatings.
From great friends to rivals
It was in 2012 when the friendship came to an end. From being inseparable, to the point that they spent their vacations together, they became like real enemies. It all stemmed from the three-month prison sentence Mayweather received for domestic violence.
In the end, the former boxer spent two months in confinement. During that period, he had left his company, Mayweather Promotions, in the hands of 50 Cent. The rapper discovered that the company was in crisis and decided to invest two million dollars for its recovery. When he asked Floyd for that loan, the then boxer got angry and they fought to the point of completely distancing themselves.
There is another version. It was rumored that 50 Cent had a deal with Al Haymon to steal from Mayweather while he was in jail, which has been denied because the company was in the red and there was no capital accumulated in two months, the time Floyd served.
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