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“The fight’s gonna still happen. I’m pretty sure about that. It may not happen right away this year, but it’s going to happen,” commented Floyd Mayweather Sr., who assured fans that his son will eventually step into the ring for a mega-fight with Filipino icon Manny Pacquiao. The question then is why isn’t the fight happening on November 13? According to Mayweather Sr., the recent tax problems that Floyd had earlier this year were the motivating factor in his decision to forego fighting later this year.
“One thing for sure is Floyd is not scared of Pacquiao. That’s one thing for sure. Everybody needs to get that straight; that’s straight and to the point. Floyd is not scared of Pacquiao. That’s the last guy he’s scared of in boxing, but the whole thing is, man, the money Lil Floyd done made and the money he would get fighting Pacquiao, think about it,” Mayweather Sr. would explain as he stressed that fear of fighting has nothing to do with his son’s decision not to face Pacquiao on November 13.
Instead, Mayweather Sr. suggested it was his son’s fear of Uncle Sam that’s preventing the biggest fight in boxing from taking place this year. “Make a million dollars in one year and see what Uncle Sam gonna do to you. So that’s what I’m talking about. Make $100 million in one year and see what Uncle Sam gonna do,” he would tell FightHype’s own Percy Crawford. “It would be like he ain’t never fought Shane. I’m telling you the real deal of how it is. That is the only reason they didn’t make the fight.”
I’m no tax expert, so I can’t speak on whether or not postponing the most lucrative fight in boxing until next year will impact Floyd Mayweather’s financial obligations to the IRS. That being said, it seems odd that a fighter who’s nickname is now “Money” would forego the biggest payday of his career because he’s worried about the taxes he’ll have to pay on his purse. It’s a substantial risk that Mayweather is taking. Should Antonio Margarito shock the world and defeat Pacquiao on November 13, Mayweather can forget about any $40 million dollar paydays. In fact, he can forget about fighting Pacquiao too, as there would no doubt be an immediate rematch with Margarito.
Fortunately, that likely won’t be an issue, but you never know.
“One thing for sure is Floyd is not scared of Pacquiao. That’s one thing for sure. Everybody needs to get that straight; that’s straight and to the point. Floyd is not scared of Pacquiao. That’s the last guy he’s scared of in boxing, but the whole thing is, man, the money Lil Floyd done made and the money he would get fighting Pacquiao, think about it,” Mayweather Sr. would explain as he stressed that fear of fighting has nothing to do with his son’s decision not to face Pacquiao on November 13.
Instead, Mayweather Sr. suggested it was his son’s fear of Uncle Sam that’s preventing the biggest fight in boxing from taking place this year. “Make a million dollars in one year and see what Uncle Sam gonna do to you. So that’s what I’m talking about. Make $100 million in one year and see what Uncle Sam gonna do,” he would tell FightHype’s own Percy Crawford. “It would be like he ain’t never fought Shane. I’m telling you the real deal of how it is. That is the only reason they didn’t make the fight.”
I’m no tax expert, so I can’t speak on whether or not postponing the most lucrative fight in boxing until next year will impact Floyd Mayweather’s financial obligations to the IRS. That being said, it seems odd that a fighter who’s nickname is now “Money” would forego the biggest payday of his career because he’s worried about the taxes he’ll have to pay on his purse. It’s a substantial risk that Mayweather is taking. Should Antonio Margarito shock the world and defeat Pacquiao on November 13, Mayweather can forget about any $40 million dollar paydays. In fact, he can forget about fighting Pacquiao too, as there would no doubt be an immediate rematch with Margarito.
Fortunately, that likely won’t be an issue, but you never know.
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