Floyd Mayweather Jr Investigation Reveals Huge Debts

By Mark Vester

When Floyd Mayweather Jr. announced that he was returning to the sport, he swore the comeback had nothing to do with money. There were numerous reports that Mayweather was in heavy debt. Reports that he owed millions to the IRS, among others. Mayweather and his best friend/CEO of Mayweather Promotions, Leonard Ellerbe, denied these claims.

The Associated Press started their own investigation and dug up a lot of outstanding debt. The AP believes that Mayweather is returning for his Sept. 19 bout with Juan Manuel Marquez to get a big payday in order to satisfy his debts.

The AP found that Mayweather owes

1. $6.17 million to the IRS. The placed a lien on Mayweather in the Clark Country Recorder in Las Vegas and the bill stems from unpaid taxes in 2007.

2. According to a New Jersey Superior Court judgment, also from 2007, he owes that state $193,000 in taxes.

3. Unresolved debts worth $9,400 to three homeowners associations.

4. $3,900 to a contractor who programmed electronics at one of his homes.

5. Even $320.10 to his trash collector.

Ellerbe, despite the lien and the hard documents, denies that Mayweather owes any type of money to the IRS or any other party.

"Floyd Mayweather does not have a problem with the IRS," Ellerbe told the AP. "He doesn't owe the IRS $6.1 million ... I don't (care) what a lien says. When you have a problem with them, you ain't hard to find — ask Wesley Snipes. You go to jail, they come take your (stuff). He doesn't have a problem."

"(Mayweather) is free to move and do anything and everything he wants to do with no problems at all. None whatsoever."

Send News Tips and Comments To Mark Vester @ [email protected]

User Comments and Feedback (Register For Free To Comment) Comment by Xcusemymood on 07-16-2009

[QUOTE=Spacey1991;5619029]The only point were Floyd could/should have done more is 147, lets get that straight. The PPV numbers are just a template of purse splits, like if people bitch and moan saying "Floyd should accept 40%!" "Floyd wants 60/40 unfair!"…

Comment by Talisayen on 07-04-2009

[[email protected];5622498]did he not promise he'll be a millionaire in five years?[/QUOTE] He said billionaire not millionaire

Comment by Talisayen on 07-04-2009

[QUOTE=The_Executioner;5622608]I really don't give a shit about Floyd's finances. I hope he's maintaining but I don't care how much he's making. Idk why some of these girls on here love to talk about his finances...[/QUOTE] same here, I don't care…

Comment by MindBat on 07-04-2009

If the guy were broke, as some like to assume, he wouldn't be taking time off from boxing, much less two years to come back and have to nurse an injury. Fighters who are broke fight four, five, even six…

Comment by -EX- on 07-04-2009

I really don't give a shit about Floyd's finances. I hope he's maintaining but I don't care how much he's making. Idk why some of these girls on here love to talk about his finances...

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