Mayweather's Tax Woes, Lawsuits, and Comeback

0:00On April 10th, Floyd Mayweather, the boxing legend who raked in 1.15 billion dollars over his career, just got slapped with a 7. 0.3 million dollar tax lien from the IRS. Filed last month in Las Vegas, it covers unpaid taxes from 2018 and 2023, with the balance still sitting there as of March. This ain't his first dance with the tax man. He's faced huge leans before, like 22.5 million for 2015 taxes and 7.2 million for 2010. Last year, he settled up 5.5 million in back taxes, plus 1.1 million in penalties, showing money slipping away fast despite the hall of fame fortune. Fans and insiders are buzzing about the fall of money Mayweather. He's dealing with lawsuits everywhere, including a 2.4 million dollar judgment from a breach of contract case and a suit against showtime. For 340 million, an allegedly misappropriated funds. Even ditched his NBA expansion dreams over lawsuit stress and unpaid rent beefs.

1:03Dig deeper, and it's clear he's cash strapped. Tied up in long term assets that don't move quick. Early this year, he barred $54 million at nearly 9% interest, pledging most of his holdings as collateral amid piling legal. Bills. Now, Mayweather's eyeing a comeback after 9 years retired, with pro exhibition fights lined up, including one against Mike Tyson in the Congo, and A. Potential many Pacquiao rematch, September 19th, at the sphere in Vegas on Netflix. Wonder if these vows can turn the tide on his money woes? That wraps music news today. Brought to you with AI.