Floyd Mayweather Jr. finds himself in hot water as escalating financial scrutiny from the IRS jeopardizes his upcoming mega-fights and lucrative deals. The boxing legend faces a potential revocation of his U.S. passport due to a reported “seriously delinquent tax debt,” which could derail his international fight schedule.
A recent notice from the IRS, received by Mayweather in late March, indicates that they plan to alert the State Department regarding his tax liabilities. This development poses a significant risk to his scheduled exhibition bout on June 27 in Greece against kickboxer Mike Zambidis, potentially restricting his ability to travel.
Mayweather, who is 49 years old, has been in talks with longtime rival Manny Pacquiao, 47, about a proposed rematch set for September 19. Initially billed as a professional fight at the Sphere in Las Vegas, the status of this bout has become increasingly uncertain. Mayweather has claimed that the fight would be an exhibition, but contrary documents suggest it may actually be a sanctioned professional match. Pacquiao, during a recent appearance on “Inside The Ring,” clarified his position: “I wouldn’t fight an exhibition. It’s either a real fight or nothing.”
Negotiations for the Pacquiao fight remain ongoing, with potential venues being considered in Las Vegas, including the MGM Grand Garden Arena and T-Mobile Arena. However, the looming tax dispute complicates matters for Mayweather, casting a shadow over his lucrative boxing plans.
Adding to the uncertainty is a potential exhibition matchup with Mike Tyson, which Mayweather announced last September. While details surrounding the fight’s timing and location have yet to be finalized, a passport issue could further complicate the event, which was initially slated to take place by the end of April.
At the heart of this financial turmoil is Mayweather’s reported tax liability exceeding $7.25 million. The IRS has outlined several options for resolution, including full repayment, an installment agreement, or legal settlement. Until this matter is resolved, the threat of losing his passport looms large, putting his fight career and financial future at risk.
As the boxing world watches closely, Mayweather’s ability to navigate these challenges will determine the future of his highly anticipated bouts.
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