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Floyd Mayweather wants his money from the company he claims failed to deliver on its promise to put on his fight against Logan Paul in Dubai.
TMZ Sports reported Friday afternoon that Mayweather Promotions has filed a lawsuit against PAC Entertainment Worldwide, which Mayweather alleges breached its contract after agreeing to stage the Paul fight in Dubai on an undisclosed date in 2021. Mayweather Promotions seeks at least $122.6 million in damages, based on projections PAC Entertainment Worldwide presented to Mayweather before he signed a deal with that company.
According to the lawsuit, PAC Entertainment Worldwide never made its first installment, $30 million, of a $110 million guarantee for the event. That initial payment was due March 25.
Mayweather claims that by missing that first payment he was able exercise a contractual clause that terminated his deal with PAC Entertainment Worldwide. The lawsuit states that PAC Entertainment Worldwide still owes Mayweather Promotions the $110 million the event supposedly would’ve generated in Dubai because it was guaranteed.
The legendary Mayweather consequently was forced to find another date and venue for his exhibition with Paul, a 26-year-old YouTube star who has boxed only once as a professional. The 44-year-old Mayweather (50-0, 27 KOs), an undefeated five-division champion who has retired three times, will oppose Paul (0-1) in the main event of Showtime Pay-Per-View’s four-fight card June 6 at Hard Rock Stadium in Miami Gardens, Florida.
Las Vegas’ Mayweather and Paul, who resides in Puerto Rico, initially were supposed to fight February 20. A venue was never secured for that date, however, promotion of the event quietly ceased, and Mayweather-Paul was delayed indefinitely.
The new date and venue were officially announced April 27.
There will be one other exhibition on the pay-per-view portion of the Mayweather-Paul undercard – former NFL Pro Bowl wide receiver Chad Johnson against Brian Maxwell. It’ll also include a 12-round rematch between WBA world light heavyweight champ Jean Pascal (35-6-1, 20 KOs, 1 NC) and Badou Jack (23-3-3, 13 KOs), as well as a 10-round bout in which former IBF/IBO/WBA 154-pound champ Jarrett Hurd (24-1, 16 KOs) will face Luis Arias (18-2-1, 9 KOs).
Keith Idec is a senior writer/columnist for BoxingScene.com. He can be reached on Twitter @Idecboxing.