Mayweather Sued Over Default Loan, Car Repossessed

[Kelly Robinson]

The man is broke.....shame, shame, shame.

[Titing Kabayo]

Floyd would drink his urine and eat his **** someday if he ccontinue to manae his own finances.. he is dumb so he need smart fiancial consultant..

[DaTrooth]

wow! first of all who in the *** is advising him to take a 16% loan on that high amount of a loan? Seriously what the ***! ima say it right now cause its the truth! BLACK PEOPLE WITH MONEY ARE FOOLS! This moron made how many million in the dlh and hatton fight? and he can't buy a 500,000 car cash? He needs to take the "money" out of his name and get it back to pretty boy. This has got to be embarrassing for him. All that **** talking he does about money. LMFAO i'm a big fan but gosh he's an idiot.

[The Hammer]

From ESPN:

LAS VEGAS -- Boxer Floyd Mayweather Jr. is being sued by a bank in Las Vegas for more than $167,000 unpaid on a loan for a half-million-dollar luxury car.

Caleb Langsdale, a lawyer for JP Morgan Chase Bank, said in a lawsuit filed last week in Clark County District Court that the former five-division boxing champion bought the Mercedes Maybach 57S in February 2007 and stopped making monthly payments of more than $9,000 a year later.

The bank repossessed the vehicle in January, sold it for $196,000, and is seeking to recoup the difference, the lawsuit said.

A lawyer for Mayweather did not immediately respond Monday to a message seeking comment from The Associated Press. A representative for Mayweather said the boxer and his manager were not available.

Mayweather was in Los Angeles for an open workout to promote his comeback fight on Saturday against Juan Manuel Marquez at the MGM Grand in Las Vegas.

Langsdale declined to comment beyond what was in the lawsuit, but said it was straightforward and needed to be served before a hearing would be set.

Mayweather borrowed more than $415,000 at 16 percent annual interest to buy the $528,000 sedan, according to a copy of the contract attached to the lawsuit. A letter to Mayweather said he owed $363,000 when the car was repossessed, court documents said.

The lawsuit adds another entry on a list of debts attributed to the boxer nicknamed "Money." County records in Las Vegas show Mayweather has one unresolved lien with the Internal Revenue Service for $6.17 million in unpaid taxes from 2007. Other records show homeowners associations, the state of New Jersey and a trash collector have also claimed Mayweather did not pay bills.

Mayweather, returning to the ring after retiring last year, has said his upcoming fight is not about a big payday. His manager, Leonard Ellerbe, has disputed the documents and said he believes the public records to be inaccurate.

"I got a good relationship with the IRS, they ain't took nothing away from me," Mayweather said in a recent episode of HBO's Mayweather/Marquez 24/7, which is documenting the fighters as they prepare for Saturday's match.

During the same episode, Mayweather roller-skated through a new mansion and directly addressed the camera about his luxury lifestyle.

"We got the big boy mansion, we got Lambos, we got Rolls Royces, we got a lot of stuff, but guess what? The difference between me and everybody else -- my [stuff] is paid for, what about yours?" he said.

[DAN916]

Philty rich huh i hope his house is really paid for like he said on 24/7... If he is broke (not including the couple mil im sure he has in assests) it might be good for the fans cause he will be forced to take the fights that he usually prefer not to, if it wasnt for the money $$$

[sycomantz]

120 million liquid... hahahahahahaha

he made 45 million between oscar and hatton... BEFORE TAXES

all his other fights dont touch that amount...

120 million cash... lmfaoooooooooooo

"my boy" refers to my actual friend fool.. not floyd

[THE REED]

"my boy" refers to my actual friend fool.. not floyd

well on this forum you never know.... ive seen countless floyd fans refer to him as "my boy"

[sycomantz]

im a fan but not a fanboy guy

im talking about a friend whos dad owns a grain trading business thats worth over 5 billion.

five memebers of his fam are billionaires from this business

[Talisayen]

If Fraud Jr. continues to brag about his finances probably this thread will break all records here at BS.

Fraud Jr. does not have an ounce of credibility to the majority of boxing fans

[DaTrooth]

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

yea ok. First of all if you're not an athlete there's no way in your mommas life would someone that ****** would even know how to make money like that. 99% of rich people are rich because they are smart and they know finances and "not keeping track" of them is not something that makes you 120million and for crying out loud someone that could make 120million would never be ****** enough to not know what an oil change is. Someone with 120million would be such a good customer that BMW has his car's maintenance in every system and when it's time to get it done they are going to call him and it's going to get done. but hey this is the internet where everything is true