Floyd Mayweather's promotional company, Mayweather Promotions, have launched a $120m lawsuit over failed talks for his exhibition bout with Logan Paul to take place in Dubai.
Mayweather is set to face the YouTube star in an eight-round exhibition on June 5 in Miami. The event will be shown on PPV via Showtime in the States and Sky Sports in the UK.
This is a rearranged date, as it was originally due to take place on February 20.
Even though the fight has now been signed and is due to take place next month, as revealed by TMZ, Mayweather Promotions have filed a huge lawsuit against PAC Entertainment Worldwide.
It is said that PAC pitched for Mayweather to face Paul in Dubai at some point this year. The company claimed that they had "numerous business contacts in Dubai" that would make the deal possible.
They add that PAC "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."
As revealed in the lawsuit, Mayweather Promotions signed the deal with PAC that guaranteed them a minimum of $110m that would be separated into different scheduled payments.
Mayweather Promotions claim that the first payment which tottled $30m was due to be paid on March 25 this year, but the money was not sent.
This news goes some way to explain why the fight had to be postponed. Mayweather Promotions also state that they were "left scrambling" to organise a new date/location for the fight until they settled on Miami in June.
This will be Mayweather's first bout since he stopped kickboxer Tenshin Nasukawa in the first round of their exhibition clash on New Year's Eve in 2018.
Paul has only had one professional boxing bout. He lost that via split decision against fellow YouTuber KSI at the Staples Center in November 2019.
Money, money, money
As ABBA said in the seventies, it must be funny in the rich man's world…
In case you were not aware already, Mayweather sure does love a dollar note.
As celebrity stars continue to have an influence in boxing, it was to be expected that Mayweather would stick his nose in and get involved at the first opportunity.
Aged 44, he last fought professionally against Conor McGregor in 2017. His final fight against a legitimate boxer was against Andre Berto two years before that.
Mayweather reportedly made around $9m for facing 20-year-old Nasukawa in late 2018. That was a joke of an event and a pure money grab on Pretty Boy's part.
His latest exhibition against Paul is just a follow on from that as he will no doubt make a s**t load of money for an easy night's work against a relative novice.
Mayweather is undoubtedly one of the best boxers of all time. But his reputation continues to decline and he is making very little effort to endear himself to the fans.