Mayweather Sued Over Default Loan, Car Repossessed

[Shadows]

I don't know if Mayweather getting sued and his car getting repoed is karma biting him in the ass, but it's the funniest ****in **** I've read in a long, long time.

[Burner]

This has 300 comments??..Pathetic.

[madhive]

The article says that the car was repossesed in January 2009 but during 24/7 it shows that he still has one. Did he buy another one? LOL at that interest rate on his loan.

[don miguel]

myboy has 120million dollars, liquid. he has had a two ars repossessed simply b/ he just doesnt keep track of ****. he has run his e46 m3 and gallardo into the ground b/c he never got oil hanges for the cars

this means nothing

i believe your boy don't owe the IRS.

well.. Floyd does

[TheSurgeonMDMPH]

i'm a thousandaire and eve my broke azz knows 16% on a loan that big is dumb as *** n a scam. his money man needs to be fired and he needs to be slapped repeatedly.

[don miguel]

But you're neglecting his income from his Boat investments.

Even if he has 1B. It still won't be enough the way MONEY spends MONEY

[VipersThunder]

myboy has 120million dollars, liquid. he has had a two ars repossessed simply b/ he just doesnt keep track of ****. he has run his e46 m3 and gallardo into the ground b/c he never got oil changesfor the cars[/B]

this means nothing

That's the type of **** that happens with no daddy around.

[VipersThunder]

He got more money than Roid Jones Jr

I have to admit Floyd looks pretty ****** now with this news gettin out...

I doubt that.

[VipersThunder]

not according to the IRS...

aint no reports of roy owing back taxes or getting cars repoed...

Roy has every dime he ever made.

[madhive]

I think he can't pay these bills because a lot of money is tied up promoting the mayweather vs marquez fight. A common error with upcoming athelic businesses; underestimating how much it cost to run an effective business.

Here's Steve Kim talking about how promoting this fight is hurting mayweather.

http://myboxingfans.com/2009/06/is-floyd-mayweather-up-to-some-thing/

"A couple of sources tell me that while Juan Manuel Marquez got his purse guaranteed for July 18th ($4 million, of which 3.2 million went to Marquez, the rest to Golden Boy Promotions), with Mayweather being the promoter of this event in association with GBP, that he was on the hook for things like 24/7, the press tour, the undercard and any other costs that are normally expensed to the promotion. I was told earlier that he was guaranteed $15 million. That simply isn’t so, said one source, because it that were true – he’d be going through with this fight, regardless. But as the promoter, he is/was taking the financial risk."