Floyd Mayweather Jr. may want to ensure his lucrative rematch with Manny Pacquiao stays in tact as âMoneyâ was just hit with a $7.3 lien by the IRS for unpaid taxes dating back years.
This is according to a recent report by Business Insider.
The lien, which now gives the U.S. government the right to claim Mayweatherâs property until the debt is paid, was filed last month in Las Vegas. Mayweather allegedly has unpaid taxes from 2018 and 2023, which as of March 26 remain unpaid. The total amount is in excess of $7.3 million, which is not an easy pill to swallow even for a money-making prizefighter like Mayweather.
Mayweather, who has a history of not paying money he owes and settling up with the IRS after the fact, is expected to fight Pacquiao in a rematch later this year on Netflix. However, Mayweather recently cast a shadow over the long-awaited rematch after calling the fight an exhibition match even though it was signed as a professional bout. This could put Mayweather in âbreach of contractâ and eventually force Netflix to scrap the matchup.
For the sake of Mayweatherâs bank account, âMoneyâ should hope that doesnât happen.
I dont get guys like this. His cars alone are worth tens of millions. Swallow pride, sell a bunch of property, watches etc, be debt free again.
His career earnings are 1.2 billion dollars and heâs in trouble with the IRS over 7 million he canât pay. Heâs the definition of being nigga rich.
He is broke. Has very little liquid. Certainly canât pay his bills. The ONLY thing that is saving him is that he has a high amount of human capital - heâs just one endorsement away from bailing him out.
insane
Dude has tons of jewelry, expensive watches, cars, houses, etc. Easy to get some âliquid.â
But he is STILL going money broke from bout to bout. Crazy that he hasnât learned yet!
There were always stories of him losing 6 figures a day, millions per week on sports gambling
He used to get hard money loans between every fight
Floyd Scamweather.
Heâs trying to scam his way out of the Pacquiao fight, took and advanced payment on the purse and is now try to say that itâs just an exhibition fight. Pacquiao and Netflix arenât buying his bullshit. If he doesnât fight a pro fight, heâs going to get sued for breach of contract.
He also scammed a bunch of other dealers in Dubai out of expensive watches and other luxuries.
Heâs got serious financial issues.
I read that a lot of his multimillion dollar homes went into foreclosure.
He initially owned them outright.
Then he started taking mortgages against them.
Then he couldnât pay the mortgages.
Iâm sure heâll release a video holding 20k in cash, saying everything is fine.
Heâd have to sell them at huge losses and his ego probably canât take it since his entire identity and persona is all about flashing wealth.
Funny, Floyd ran a boxing gym in Hollywood for casuals, he stopped paying his employees last year which forced the club to shut down. Manny Pacquiao ended up buying it, to open Pacquiao Prime, a boxing gym for pros.
That definitely is funny.
I will say manny and his special ed wife arent angels either. He is not as annoying as floyd but he sure as shit isnt perfect.
This is his major problem outside of vanity spending. At least you own stuff that you buy. Gambling is giving money away.
I hope pac man KOs him stiff
Heâs also a huge gambler. Iâve personally seen him take a valise filled with stacks of cash up to a window at MGM to make bets on random college basketball games.
Low IQ is a motherfucker
One of the I wanna say butlers at the casino lounge (cousin is a high roller, not me) was telling me how he works for Floyd personally at times. Said he needs his steak cooked past well done, overseasons everything etc. Strange guy, I guess he used up all his IQ points in his chosen sport.
Also mentioned his goons are all broke. They pay for nothing but dont have much money themselves. Waste of life if ya ask me.
The jewellery he has is [relatively] worthless second hand. Pawning that stuff drops the value like crazy. Itâd still be a lot of money for you and me but for how he lives, it probably wouldnât cover much. Same thing with cars.
The watches, he might be able to score some actual liquid. Depending on their condition etc. The houses, difficult to move. The pool of applicants who would buy one of his houses is astronomically low. Itâs super common for those mega mansions to sit for years. I actually have a relative right now in that very situation - they have a crazy 15 million dollar mansion that they cannot for the life of them move. The property taxes on it yearly is near 200k. Itâs about 20ish years since any kitchen or bathroom renovation. Imagine renovating 12 bathrooms - astronomical costs. They donât want to budge too much on sale price, so itâs just stuck in purgatory and likely wonât sell for years further. Takes a long time to find someone in the right situation, who has that kind of wealth.
If he fire saled everything, sure heâll get some liquid - pennies on the dollar. Money doesnât change people, it amplifies them - ghetto habits die hard.
Thank you, 2010 called.