{"id":414309,"date":"2026-01-17T01:28:08","date_gmt":"2026-01-17T01:28:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/414309\/"},"modified":"2026-01-17T01:28:08","modified_gmt":"2026-01-17T01:28:08","slug":"floyd-mayweathers-2-4-million-debt-to-nigerian-media-firm-from-2023-now-nearly-3-million-with-interest","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/414309\/","title":{"rendered":"Floyd Mayweather\u2019s $2.4 million debt to Nigerian media firm from 2023 now nearly $3 million with interest"},"content":{"rendered":"<p>\n        In 2023, former boxing world champion Floyd Mayweather Jr. was ordered by a U.S. court to pay $2.4 million in damages to Zinni Media Concept Limited, a Nigerian media company, for breach of contract. With accrued interest, the total now approaches $3 million.\n    <\/p>\n<p>\n        According to Alex Nwankwo, a media executive at Zinni Media, the company signed an agreement with Mayweather in June 2017 for him to make several appearances in Africa, including an event in Nigeria.\n    <\/p>\n<p>\n        Mayweather was paid <a href=\"https:\/\/africa.businessinsider.com\/news\/inside-floyd-mayweathers-lavish-debt-filled-post-boxing-life\/y5e7x4z\" id=\"f673ead1-5028-4e6d-82e9-763cfb2993cf\" rel=\"nofollow noopener\" target=\"_blank\">$210,000<\/a> for these appearances, but never showed up and refused to refund the advance.\n    <\/p>\n<p>\n        In 2023, a Los Angeles court awarded Zinni Media the $2.4 million judgment. A lower California court in October 2023 detailed the damages: $1,638,542 in principal, $721,881 in prejudgment interest, $16,270 in attorney fees, and $285 in costs, totalling $2,376,978.\n    <\/p>\n<p>\n        Mayweather appealed, but the appeal was denied. The court has authorised U.S. attorneys to pursue enforcement by targeting Mayweather\u2019s luxury vehicles, including a 2015 Bugatti Veyron and a 2015 Ferrari LaFerrari Aperta, both valued above the owed amount.\n    <\/p>\n<p>\n        Nwankwo alleged that Mayweather\u2019s legal team initially suggested the boxer could avoid repayment because Zinni Media is not based in the U.S.\n    <\/p>\n<p>\n        \u201cAfter multiple unsuccessful attempts to recover the appearance fees from Mayweather, we filed a lawsuit in 2018, alleging breach of contract, unjust enrichment, and fraud. We appreciate that two courts have ruled in favour of Zinni Media Ltd,\u201d he stated.\n    <\/p>\n<p>        Other debt allegations<\/p>\n<p>\n        This is not the first time Mayweather has faced allegations of unpaid debts. In 2024, Miami jeweller Leonard Sulaymanov filed a lawsuit claiming Mayweather owed $3.9 million for high-end watches and jewellery, including a Patek Philippe 5980 and two Richard Mille 35-02s. The case was settled out of court.\n    <\/p>\n<p>\n        In September, a Las Vegas car dealer sued Mayweather over a $1.2 million Mercedes Maybach G-Wagon, alleging the vehicle was never paid for. Mayweather later counter-sued the dealer for fraud, claiming the car was defective. Both cases remain pending.\n    <\/p>\n<p>\n        Business Insider also identified three additional cases involving Mayweather and businessman Rechnitz, where they were accused of fraud or misrepresentation, including a cryptocurrency promotion alleged to be a pump-and-dump scheme and an investor ticket resale dispute.\n    <\/p>\n","protected":false},"excerpt":{"rendered":"In 2023, former boxing world champion Floyd Mayweather Jr. was ordered by a U.S. court to pay $2.4&hellip;\n","protected":false},"author":2,"featured_media":414310,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[447],"tags":[703,49,48,82],"class_list":["post-414309","post","type-post","status-publish","format-standard","has-post-thumbnail","category-boxing","tag-boxing","tag-ca","tag-canada","tag-sports"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/414309","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=414309"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/414309\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/414310"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=414309"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=414309"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=414309"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}