Floyd Mayweather Jr has been hit with a major lawsuit after a boxing promotion company accused him of backing out of two high-profile fight agreements. The lawsuit, filed in New York, claims the boxing legend accepted millions of dollars in advance payments for exhibition bouts against Mike Tyson and Manny Pacquiao. According to the complaint, the promoter secured exclusive rights to both events and expected the fights to generate huge interest worldwide. However, the company now alleges that Mayweather moved forward with other opportunities instead.
Legal Dispute Over Advance Payments
The legal dispute centers around claims that CSI Entertainment paid a total of $4.65 million to secure the rights to the proposed fights. The company argues that it invested significant resources in planning and promoting the events before learning that Mayweather was pursuing separate deals. The lawsuit also arrives while the former world champion is involved in another legal battle concerning his management company. The latest case could create uncertainty around future exhibition plans and add another chapter to Mayweather’s long history of business disputes outside the ring.
Promoters Claim Violation of Exclusive Agreements
According to court documents, CSI Entertainment says it paid $4.5 million to Floyd Mayweather’s management company, Frist Apex Ventures, in exchange for exclusive promotional rights to two blockbuster fights. The first proposed event was an exhibition bout against former heavyweight champion Mike Tyson. The second was expected to be a rematch against Manny Pacquiao, a contest that would attract worldwide attention due to Mayweather’s unbeaten professional record.
As per TMZ, the company further claims it paid an additional advance of $150,000 as part of the agreement. However, promoters allege that shortly after receiving the payment, Mayweather announced plans to face Greek kickboxer Mike Zambidis under a different promotional arrangement.
Additional Allegations and Legal Actions
CSI also alleges that Mayweather later entered discussions for another event involving Pacquiao through a separate company. According to the lawsuit, the proposed bout was expected to be streamed on Netflix from the Sphere in Las Vegas, despite the company’s belief that it held exclusive rights to the event.
Promoters argue that they spent considerable time, money, and effort organizing both fights. They claim losing those rights would cause serious financial damage and undermine months of planning. As a result, the company is seeking compensation through the courts or the return of the funds it paid.
In addition, CSI is requesting legal action that could temporarily prevent Mayweather from participating in the scheduled fight against Zambidis. The company is also asking the court to stop any future Pacquiao event that may conflict with the alleged exclusivity agreement.
Meanwhile, Mayweather is already pursuing separate legal action against Frist Apex Ventures and a former manager, alleging misconduct and seeking substantial damages.
