Floyd Mayweather and his company are reportedly set for a $157 million legal battle ahead of his fight with YouTuber Logan Paul on June 6.
The latest return from retirement for the 44-year-old undefeated welterweight champion shocked the world when it was reported.
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But according to a report from TMZ Sports, a suit has been filed on behalf of Mayweather Promotions seeking $US122.6m ($A157m) in damages from event company PAC Entertainment Worldwide.
Mayweather’s team is claiming two breaches of contract. One has to do with the location of the fight, with the suit questioning if Dubai has “the financial wherewithal and capability to host a fight of this magnitude”.
When the Dubai option fell through, Mayweather’s team reportedly scrambled to find Miami’s Hard Rock Stadium as the venue for the big money fight.
The other breach had to do with Mayweather’s payment. He was supposed to receive $141m in the lead-up to the event, with PAC reportedly missing a payment of $38m due on March 25.
Floyd Mayweather promoting the Paul fight.Source:AFP
The Floyd Mayweather lawsuit against Logan Paul is for $122.6M that relates to 2 guarantees Logan's company made to Mayweather's company. Allegedly they defaulted on both #boxing#sportslawpic.twitter.com/og4KMkCat5
Incredibly, Mayweather’s team claim that he could back out of the fight and still be entitled for the $110m payment.
While there has been no word on that side of the equation, Mayweather has cashed in with his last two fights.
He famously fought UFC star Conor McGregor in 2017, taking home $373m, and took part in a bizarre clash against Japanese kickboxer Tenshin Nasukawa on New Year’s Eve in 2018, knocking him down three times en route to a first round stoppage in their exhibition bout.
He was paid a reported $9 million for the 139-second fight.
Floyd against Conor was massive.Source:Getty Images
His latest event hasn’t escaped criticism though. Paul has fought once, losing to fellow YouTuber KSI on points, far from Mayweather’s 50-0 record.
Paul’s brother Jake stole Mayweather’s hat off his head, sparking a melee as they promoted the fight in Miami.
Former WBC champion Tony Bellew has slammed the bout, telling BBC Radio 4 that fights like this could end in disaster.
“It’s all in the name and the love of money — nothing else,” Bellew said.
“This will continue to go on until someone is badly hurt. It is as simple as that. Sorry to say that, but that’s what will see this off, someone getting really hurt.
“This guy is going to match up against Floyd, the greatest fighter of his generation.
“This boy has had two fights against two absolute no marks. And it’s just insane. This is not boxing. This is the world of show business.
“And this has gone on for hundreds of years, there’s been men that have fought bears, guys that have gone up against tigers with swords back in the Gladiator days in the colosseum, it’s just now they are sticking cameras on it.
“It’s just another version of the circus.”
The boys are all smiles … for now.Source:Getty Images
But it hasn’t stopped Paul from flapping his gums, taking aim at the undefeated boxing legend.
“This fight means so much to my fans, to my family, to everyone watching who thought they couldn’t do something in life,” Paul told Sky Sports.
“That’s the energy I’m going in with. I have nothing to lose. Literally, I have nothing to lose.
“So when you have a guy coming into the ring with that energy? And a guy who has everything to lose?
“As a grandad? I’m nervous for him!”
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