STEPHEN ESPINOZA RESPONDS TO FLOYD MAYWEATHER LAWSUIT CALLING ALLEGATIONS A "MYSTERY"
Floyd Mayweather is suing Showtime for $340M, alleging a decade of financial fraud involving diverted purses and hidden accounts.
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Floyd Mayweather is suing Showtime Networks and former executive Stephen Espinoza. On the surface, it’s about money—but if you read the lawsuit, it feels more like a battle over who really called the shots.
Earlier this month, Mayweather filed a complaint in Los Angeles, saying he lost at least $340 million. He blames hidden bank accounts, unauthorised money transfers, and a serious lack of transparency about his fight earnings.
None of these claims has been proven in court yet.
According to the lawsuit, Mayweather leaned on his long-time adviser, Al Haymon, for everything business-related—negotiations, payments, financial decisions, the works.
Haymon isn’t listed as a defendant.
Still, the complaint says this dependency created a fiduciary relationship under California law. And that trust? Mayweather claims it got abused—secrecy, self-dealing, and funnelling money into accounts he couldn’t touch.
One thing stands out: Mayweather says he never got official accounting statements for years. Instead, he just got verbal updates about where his money was.
Now, why are Showtime and Espinoza in the crosshairs? The lawsuit claims they helped make all this possible. They allegedly wired fight money to accounts tied to Haymon’s people, not directly to Mayweather. The complaint also says they turned a blind eye to weird deductions, ignored giant transfers, and later said they couldn’t produce key financial records when Mayweather started asking questions.
Espinoza later joined Premier Boxing Champions, which is connected to Haymon. The suit points this out to show ongoing relationships that, according to Mayweather, played a role in how the money got handled.
Honestly, the giant dollar amount is just the tip of the iceberg. The lawsuit keeps circling back to the same thing: Who could actually see the money? Who had control? Who got left in the dark?
Mayweather says the alleged scheme stayed hidden for years because he didn’t have access to the documents. No one gave him the oversight he needed to spot the problems sooner.
He’s asking for compensatory and punitive damages, plus a court-ordered deep dive into the books. He wants a jury to hear the case.
If he proves his case, this isn’t just about the missing millions. It’s about how fast power can shift behind closed doors when boxers trust others with their business—and don’t demand the receipts.
JAKE PAUL TARGETS FRANCIS NGANNOU FOR "UNCONSCIOUS" KNOCKOUT IN HEAVYWEIGHT CROSSOVER CLASH
Jake Paul labels Francis Ngannou a "terrible boxer" as the two MVP stars trade heated insults over a potential heavyweight bout.
Jake Paul thinks Francis Ngannou wouldn’t step into the ring with him because he’s scared of getting embarrassed. He’s been pretty vocal about it, even calling Ngannou “terrible” and claiming he’d knock him out.
Paul’s been out of action since Anthony Joshua knocked him out last December. That was a rough fight. He ended up in the hospital with a double jaw fracture; he needed titanium plates in his mouth and couldn’t eat anything solid for a week. And after cheering on his fiancée, Jutta Leerdam, at the Winter Olympics, he had to go through a second surgery in February. Honestly, that’s a lot for anyone.
He hasn’t said when he’ll return to boxing, but if he does, he wants a crossover bout with Ngannou. That’s his next target.
Ngannou’s been all over the map in the past couple of years. He left the UFC in 2023, joined the PFL, but only fought once before both sides decided to go their separate ways. In boxing, he faced Tyson Fury and Joshua, but that last fight didn’t go his way. Joshua knocked him out in the second round in Riyadh.
Even with Ngannou’s loss, Paul is itching for a fight. He told Sky Sports he’s got a long list of opponents but called out Ngannou specifically, saying, "He’s a terrible boxer. I want to go back up to heavyweight, knock him out as Joshua did, and render him unconscious. " Paul claims he lasted longer against Joshua and didn’t get knocked out cold, so he figures Ngannou’s avoiding him to dodge humiliation.
Ngannou wasn’t having any of it. After signing with Paul’s Most Valuable Promotions in March, Ngannou is gearing up for Netflix’s first MMA card on May 16, fighting Philipe Lins. Talking to TMZ, he said he wants to “slap” Paul, whether it’s in a boxing ring or in the cage: “I just feel like I need to give him some slaps. That’s how I feel, you know, like slapping him off.”
XANDER ZAYAS EMERGES AS TOP TARGET FOR JARON ENNIS’S NEXT MAJOR SHOWDOWN
Eddie Hearn confirms Jaron "Boots" Ennis is in talks to fight Xander Zayas in June after the Vergil Ortiz deal collapsed.
Eddie Hearn just shared that Jaron “Boots” Ennis’s next fight is around the corner, with talks heating up for a showdown with Xander Zayas.
After unifying the WBA and IBF welterweight belts against Eimantas Stanionis back in April 2025, Ennis jumped to 154 pounds. He took on Uisma Lima in his debut at that weight and sailed through, which got fans buzzing about a possible match with Vergil Ortiz Jr.
Matchroom and Golden Boy Promotions started negotiating for Ennis-Ortiz, but things got messy. Ortiz’s manager, Rick Mirigian, wasn’t happy with the purse Golden Boy offered, sparking tension between Ortiz and his promoter. Ortiz declared himself a free agent, filed a lawsuit against Golden Boy, and tried to strike a deal with Ennis on his own.
Golden Boy responded by getting a restraining order to stop Ortiz from negotiating elsewhere, putting those talks to bed. So Hearn began looking elsewhere, and now Zayas, who holds the WBA and WBO titles, is in the mix. With Top Rank announcing a broadcast partnership with DAZN and Matchroom already tied to DAZN, lining up Zayas vs Ennis looks easier than ever.
“We’re definitely talking,” Hearn told BoxingScene. “Honestly, we were so close to getting the Ortiz fight. We even started planning media tours; it was that far along. Now, with DAZN and Top Rank teaming up and our good relationship with Top Rank, we’ve started chatting with Xander Zayas. No media tour this time, but I think that fight could be just as good as the Ortiz one. Zayas is right there.”
He also mentioned Josh Kelly, the IBF champ at 154, saying it’s been a frustrating stretch for Ennis. “Boots was supposed to fight in April or May; now it’s looking like June. But I guarantee he’ll get a big fight next. By the end of next week, we’ll make a decision; Boots’s fight is imminent.”
If Zayas and Ennis do end up facing each other, that could leave Kelly without an opponent for his first title defence. After beating Bakhram Murtazaliev in January, Kelly said he wanted a unification bout with Zayas.
“Yeah, Kelly’s still up for it, and Zayas likes the idea too,” Hearn said. “But honestly, there’s a lot of money in Boots vs Zayas. Kelly could fight Boots as well, and that could happen. I’m fine with Kelly taking a voluntary defence; he just beat Murtazaliev. What more can you ask for? Murtazaliev, then Boots? That’s a tough path, so we’ll see. But Kelly is up for big fights as well. Conversations are ongoing, and it’s a top priority.”
