Floyd Mayweather Files Lawsuit Against Showtime

Floyd Mayweather Jr. has filed a $340 million lawsuit against Showtime Sports and former Showtime Sports president Stephen Espinoza. (Photo: Ethan Miller via Getty Images)

Boxer Floyd Mayweather is suing Showtime with claims that he is owed money he earned but has never seen. Despite the boxer being on the Forbes list as the highest-paid athlete from 2012 to 2014, Floyd says he has not seen a lot of that money.

The lawsuit, filed on Tuesday and obtained by ESPN, seeks to "recover hundreds of millions of dollars in misappropriated funds and damages resulting from a long-running and elaborate scheme of financial fraud, breaches of fiduciary duty, and conspiracy orchestrated by Floyd J. Mayweather's former manager and advisor, Al Haymon, with the knowing and substantial participation and aid of Defendants Showtime Networks Inc. and Stephen Espinoza, among others."

Mayweather says he is owed around $340 million and cites a "complex web of hidden accounts, unauthorized transactions, and deliberate concealment of financial records" as the reason he believes he has been defrauded from those funds. In the lawsuit, Mayweather says Showtime and Espinoza worked to divert his earnings into accounts controlled by Haymon and failed to provide financial transparency.