Floyd Mayweather Jr. works out at his Las Vegas gym this month. Mayweather is preparing for his upcoming fight with Juan Manuel Marquez on Sept. 19 at the MGM Grand Garden Arena.
By Steve Green (contact)
Monday, Sept. 14, 2009 | 12:46 p.m.
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Just days before his fight against Juan Manuel Marquez, Las Vegas boxer Floyd Mayweather Jr. faces another potential distraction in the form of a lawsuit.
JP Morgan Chase Bank filed suit in Clark County District Court in Las Vegas on Wednesday against Mayweather, claiming he owes more than $167,000 on an auto loan that is in default.
The suit shows that in April 2007, Mayweather borrowed $415,695 to finance the purchase for $512,184 of a Mercedes Maybach 57S from dealer Fletcher Jones Imports in Las Vegas.
The contract called for an interest rate of 16 percent and 72 monthly payments of $9,077, which the lawsuit said Mayweather failed to make beginning in February 2008.
Court records indicate the bank repossessed the vehicle in January 2009, when the past-due balance had grown to $36,309 and the balance due was $363,000.
After the bank sold the Maybach for $196,000, JP Morgan Chase said that as of March, Mayweather still owed $167,192 on the contract, plus unspecified legal expenses.
Messages seeking comment on the lawsuit were left Monday with Mayweather's office and with his attorney in an unrelated case.
The suit was filed on behalf of JP Morgan Chase by attorney Caleb Langsdale with the Cooper Castle Law Firm. Langsdale said Monday he could not elaborate on the allegations.
The lawsuit follows an incident last month in which police searched a home belonging to Mayweather as part of an investigation of a shooting at a Las Vegas skating rink.
Police in a search warrant said they believed an associate of Mayweather was the shooter in the incident in which no one was injured. Detectives seized two handguns, ammunition and two bulletproof vests and said another car of Mayweather's, a Rolls-Royce, was at the home when it was searched.
Mayweather is coming out of retirement with plans to fight Marquez on Saturday at the MGM Grand resort in Las Vegas
IRS WOES MAY FORCE FLOYD MAYWEATHER COMEBACK
By Mike Responts
FLOYD MAYWEATHER
There has been plenty of buzz and rumors around Las Vegas recently regarding a possible comeback by boxer Floyd Mayweather Jr.
Mayweather retired undefeated in June of 2008 following big paydays against Oscar De La Hoya and Ricky Hatton. Despite making millions in those two fights, and being the top boxer on HBO for several years, there are rumors that Mayweather needs money.
The website Boxingscene.com ran a story yesterday that claims Mayweather has found out he owes the IRS $6.1 million in back taxes and may be facing a lien for the money. Despite making millions, Mayweather has several rather expensive hobbies. He likes to “Make it Rain” often throwing $30,000-$40,000 in the air at clubs for the crowd to scoop up. He also frequently bets big money on sporting events from his home city of Las Vegas. Mayweather’s gambling was shown on the HBO Countdown series. What the tv show didn’t go into is that Mayweather is a really BAD gambler. He once got in a fistfight with longtime friend 50 Cent over money Mayweather owed the rapper from a gambling debt. Mayweather also blew a lot of money on a collection of luxury automobiles. If you watch Cribs, you know Mayweathers owns more than 20 cars.
All of this had led to rumors of Mayweather returning to the ring sometime late in 2009. The most likely scenario would have him facing Manny Pacquiao for another big payday.
Mayweather has always fancied himself as somewhat of a businessman. He has long said his goal was “to be a billionaire.” Among those who doubt Mayweather’s business acumen is the boxer’s own father. Floyd Maweather Sr. (who admittedly has a terrible relationship with his son)recently told the Grand Rapids Press,
“He won’t be a billionaire in a billion years. Mark my words, someday he’ll be running through the streets of Grand Rapids broke.”
Tags: Floyd Mayweather
This entry was posted on January
FLOYD MAYWEATHER
There has been plenty of buzz and rumors around Las Vegas recently regarding a possible comeback by boxer Floyd Mayweather Jr.
Mayweather retired undefeated in June of 2008 following big paydays against Oscar De La Hoya and Ricky Hatton. Despite making millions in those two fights, and being the top boxer on HBO for several years, there are rumors that Mayweather needs money.
The website Boxingscene.com ran a story yesterday that claims Mayweather has found out he owes the IRS $6.1 million in back taxes and may be facing a lien for the money. Despite making millions, Mayweather has several rather expensive hobbies. He likes to “Make it Rain” often throwing $30,000-$40,000 in the air at clubs for the crowd to scoop up. He also frequently bets big money on sporting events from his home city of Las Vegas. Mayweather’s gambling was shown on the HBO Countdown series. What the tv show didn’t go into is that Mayweather is a really BAD gambler. He once got in a fistfight with longtime friend 50 Cent over money Mayweather owed the rapper from a gambling debt. Mayweather also blew a lot of money on a collection of luxury automobiles. If you watch Cribs, you know Mayweathers owns more than 20 cars.
All of this had led to rumors of Mayweather returning to the ring sometime late in 2009. The most likely scenario would have him facing Manny Pacquiao for another big payday.
Mayweather has always fancied himself as somewhat of a businessman. He has long said his goal was “to be a billionaire.” Among those who doubt Mayweather’s business acumen is the boxer’s own father. Floyd Maweather Sr. (who admittedly has a terrible relationship with his son)recently told the Grand Rapids Press,
“He won’t be a billionaire in a billion years. Mark my words, someday he’ll be running through the streets of Grand Rapids broke.”
Tags: Floyd Mayweather
This entry was posted on January
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