TMZ: Floyd Mayweather sued for allegedly reneging on broadcast rights deal for Mike Tyson and Manny Pacquiao fights

According to TMZ, CSI Entertainment (listed publicly as a company that produces and broadcasts championship boxing events) is suing five-weight world champion Floyd Mayweather for USD $4.65 million. 

In a lawsuit filed in New York, CSI allege Mayweather took advances for the exclusive broadcast rights to a high-profile exhibition fight against Mike Tyson, and a rematch against Manny Pacquiao, then pursued similar deals with other companies in violation of their agreement.

Interestingly, according to TMZ, CSI claims they paid the advances to Mayweather's management company, Frist Apex Ventures, with Mayweather personally signing off on the deal. 

“FWIW, Mayweather is currently suing Frist Apex Ventures (along with his former manager) for $175 million, alleging fraud,” say TMZ.

CSI claims the day after paying Mayweather a $150,000 advance, his exhibition fight against Greek kickboxer Mike Zambidis, and not Tyson, was announced by a different promoter. Further they claim that Mayweather has signed an undisclosed agreement with another company to stream the Pacquiao fight on Netflix, live from the Sphere in Las Vegas.

CSI are said to be making efforts to prevent Mayweather from facing Zambidis next week, alleging it violates the terms of their exclusive deal.