Floyd Mayweather and his manager Al Haymon are being sued by investors following the boxer’s match against Logan Paul last summer.
Mayweather and Paul lasted a full eight rounds, but neither was confirmed as the winner as the event was just an exhibition and so was not judged.
Now, the boxing legend is being sued by a real estate investor, who has accused the boxer of not paying investors back following the event.
The company are reportedly seeking $5.6 million from Mayweather and Haymon, while a further $15 million could potentially be claimed by other companies and individuals invested in the fight.
According to the lawsuit, it has been claimed that instead of paying Yogi Securities Holdings LLC back their $1.4 million investment, Mayweather Promotions reinvested it in another fight.
The real estate investor claims he was approached about the initial investment by Mayweather while buying a home in California, shortly before the fight.
The complaint notes the ‘Plaintiff is informed and believes that each of the statements made by each of the defendants was false, intended that plaintiff rely on their truth to their detriment in initially paying $1.4m, and thereafter in forgoing any legal action that may disrupt defendants’ fraudulent schemes in further events and fights’.
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