Former five-division world champion Floyd Mayweather Jr.'s company Mayweather Promotions has filed a $120 million lawsuit ahead of his fight with YouTuber Logan Paul on June 6.
TMZ Sports was the first to report the news of Mayweather's company suing another company called PAC Entertainment Worldwide for botching the location for the event which was planned for Abu Dhabi according to the lawsuit obtained by TMZ. Mayweather Promotions claims that PAC came to them and "presented financial projections estimating the fight could generate guaranteed amounts for each participant, plus result in the promoters earning more than $100 million in profits after covering all purses and expenses."
Mayweather's company then apparently signed a deal with PAC after being impressed by the projections, the deal requires PAC to pay a guaranteed minimum of $110 million with the first payment of $38 million supposedly arriving to Mayweather's team on March 25, 2021. That payment never came and now Mayweather Promotion's has filed the lawsuit claiming a breach of contract and according to a second report from Yahoo Sports' Kevin Iole, it could end up netting the boxer's company upwards of $157 million in total.
It got heated at the Floyd Mayweather-Logan Paul press conference after Jake Paul took Mayweather's hat.
— SportsCenter (@SportsCenter) May 6, 2021
(via @jakepaul) pic.twitter.com/47EXBWKcJo
The Mayweather vs. Paul spectacle takes place from The Hard Rock Stadium in Miami, Florida, and will be on Showtime PPV. Mayweather last competed against Japanese kickboxer Tenshin Nasukawa in an exhibition bout back at Rizin 14 on New Year's Eve 2018, whereas Paul is 0-1 as a professional boxer losing a split-decision to fellow YouTuber KSI in November 2019.
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