{"id":579343,"date":"2026-04-03T10:00:18","date_gmt":"2026-04-03T10:00:18","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/579343\/"},"modified":"2026-04-03T10:00:18","modified_gmt":"2026-04-03T10:00:18","slug":"floyd-mayweather-says-nba-expansion-ownership-too-stressful-as-he-battles-financial-problems","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/579343\/","title":{"rendered":"Floyd Mayweather Says NBA Expansion Ownership Too Stressful As He Battles Financial Problems"},"content":{"rendered":"

Floyd Mayweather abandons his NBA expansion ownership pursuit, citing owner stress while facing $340M in lawsuits and unpaid rent.<\/p>\n<\/p>\n

Floyd Mayweather<\/a> just pumped the brakes on his NBA ownership dreams, and the timing couldn\u2019t be more telling given his mounting financial troubles.<\/p>\n

According to the Las Vegas Review-Journal,<\/a> boxing legend told reporters Saturday at an MCM store event in Las Vegas that he\u2019s no longer sure about pursuing a stake in a potential NBA expansion team, despite publicly expressing interest as recently as 2022.<\/p>\n

His sudden hesitation comes as he\u2019s drowning in legal battles and unpaid bills, painting a starkly different picture from the cash-stacked Instagram posts he loves to share.<\/p>\n

Mayweather\u2019s financial situation has deteriorated significantly over the past year.<\/p>\n

He\u2019s facing a $340 million lawsuit against Showtime Networks, alleging the company conspired with his former manager, Al Haymon, to steal hundreds of millions from his fight earnings through hidden accounts and unauthorized transactions.<\/p>\n

According to the LA Times<\/a>, Mayweather claims Haymon diverted portions of his earnings under false pretenses, putting fight revenues into secret accounts he couldn\u2019t access.<\/p>\n

Meanwhile, landlords at Manhattan\u2019s Baccarat Hotel and Residences are suing him for over $330,000 in unpaid rent on his luxury penthouse after he stopped paying the $100,000 monthly lease in July 2025.<\/p>\n

The stress of ownership clearly weighs on him.<\/p>\n

When asked about the reported $7 billion to $10 billion expansion fee, Mayweather acknowledged the investment would be solid in the long term, noting that sports franchise valuations only climb higher.<\/p>\n

But he then revealed his real concern, saying he\u2019s watched NBA owners start out looking happy, only to age rapidly under the pressure.<\/p>\n

\u201cYou see an owner get involved with the NBA, and he\u2019s looking happy. Then as years progress, he\u2019s looking older,\u201d he explained.<\/p>\n

That\u2019s a telling admission from someone who\u2019s already facing allegations of financial manipulation and multiple lawsuits.<\/p>\n

Magic Johnson\u2019s ownership group, the MAGI, is now actively bidding on the expansion team after NBA Commissioner Adam Silver announced the league is formally exploring Las Vegas and Seattle.<\/p>\n

Mayweather praised Johnson as a \u201ctrue legend\u201d and \u201chell of a businessman,\u201d but made clear he\u2019s stepping back from the game.<\/p>\n

Despite these troubles, Mayweather remains committed to Las Vegas, where he\u2019s lived for three decades. He\u2019s been a regular at Michelob Ultra Arena, supporting the WNBA\u2019s Aces since their 2018 arrival, and continues to back the city\u2019s professional sports expansion.<\/p>\n

\u201cI\u2019m happy for the whole city of Las Vegas. I\u2019m going to stand behind the city of Las Vegas and push Las Vegas to continue to be great,\u201d he said.<\/p>\n

The NBA expansion is expected as early as the 2028-29 season, but Mayweather won\u2019t be part of the ownership group trying to bring it to life.<\/p>\n

\n\tRelated<\/p>\n","protected":false},"excerpt":{"rendered":"Floyd Mayweather abandons his NBA expansion ownership pursuit, citing owner stress while facing $340M in lawsuits and unpaid…\n","protected":false},"author":2,"featured_media":579344,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[447],"tags":[703,49,48,30209,5321,459,221908,82],"class_list":{"0":"post-579343","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-boxing","8":"tag-boxing","9":"tag-ca","10":"tag-canada","11":"tag-floyd-mayweather","12":"tag-hip-hop-news","13":"tag-nba","14":"tag-rap-news","15":"tag-sports"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/579343","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=579343"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/579343\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/579344"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=579343"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=579343"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=579343"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}