Floyd “Money” Mayweather Jr. faces a challenge outside the ring with the IRS.
Mayweather’s Planned Tyson Fight Cancelled Amid Tax Issues
Mayweather was scheduled for an exhibition match against Mike Tyson this past weekend in the Congo. The fight never took place, and neither combatant has commented. Ring Magazine reported that the IRS intends to revoke Mayweather’s passport due to a delinquent tax debt of over $7.25 million. Multiple requests for comment from Mayweather’s and Tyson’s teams went unanswered.
The undefeated boxer may be unable to leave the country over fears he would be unable to return.
Pacquiao Fight in Limbo
Mayweather announced earlier this year his return to boxing due to financial concerns, including a $340 million lawsuit against Showtime. This issue of a delinquent tax bill and being forced to put his boxing career on hold outside the US has put that return on ice for now and potentially at risk going forward.
He is slated for a boxing match with Manny Pacquiao on Sept. 19 at The Sphere in Las Vegas. Mayweather later backtracked, calling it an exhibition after it was initially billed as an official and competitive boxing match. There have been no updates on that fight either, though there is still time to figure out the logistics since it is a stateside bout.
Netflix was announced as the broadcast partner, and Mayweather and Pacquiao are still knee-deep in negotiations.
- Mayweather was notified by the government agency that it intends to revoke his passport due to a delinquent tax debt of over $7.25 million.
- Mayweather announced earlier this year his return to boxing due to financial concerns, including a massive $340 million lawsuit against Showtime.
- He is slated for a boxing match with Manny Pacquiao on Sept. 19 at The Sphere in Las Vegas.
“I wouldn’t fight an exhibition. It’s either a real fight or nothing,” Pacquiao said on an April 13 episode of “Inside the Ring.”
With that fight also in limbo, Mayweather’s comeback story has seemingly hit a pretty massive snag.