Despite being the highest-earning boxer in history, Floyd Mayweather finds himself entangled in fresh financial controversies. Reports of unpaid wages, employee protests and accusations of bankruptcy have surfaced, raising questions about the financial health of the legendary athlete’s Money Team Enterprises.
Mayweather, whose career earnings exceed $1.2 billion, made headlines in late 2024 with bold real estate investments. In October, he acquired over 60 buildings in upper Manhattan for a staggering $402 million, encompassing more than 1,000 residential units.
Just a month later, the boxing icon partnered with 601W Companies, investing in a portfolio valued at $10 billion, including 18 office buildings spanning 10 million square feet. Although the exact figure of his investment remains undisclosed, insiders suggest it may be his largest to date.
Adding to his ventures, Mayweather finalized another deal over Christmas, purchasing a Midtown Manhattan property for $20 million. Situated at the corner of Sixth Avenue and 47th Street, the building houses offices and jewelry shops in a prime location near Broadway and Rockefeller Center.
Financial troubles
Despite these high-profile purchases, allegations of unpaid wages at Mayweather’s Los Angeles gym have sparked significant backlash. Employees claim they haven’t received paychecks, prompting a public protest outside the facility on Highland Avenue.
One protester held a sign accusing Mayweather of “modern-day slavery,” while another noted that “the $ Team has no $.”
“Even if you work for a different company and you ain’t getting paid, you’re scared to show up and say something because you know how businesses do. They silence you and they fire you,” an employee said.
The employees allege violations of California Labor Code 210, which mandates penalties for late wages. First-time violations can incur fines between $100 and $200, and unpaid wages beyond 30 days entitle workers to a full day’s pay for every day delayed.
This isn’t the first time Mayweather’s gyms have faced financial issues. A Money Team Boxing gym in Elk Grove closed after the landlord sued for nonpayment of $30,000 in rent. Now, with the Los Angeles gym facing closure, employees are questioning whether Mayweather himself is aware of the financial troubles.
“Who knows if he’s aware or not? We don’t,” one employee stated. “I was told that we can’t tell him. I can’t tell him that our studio’s closing, and he was here two weeks ago. We’ve been silenced.”
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