Floyd Mayweather Ordered to Pay $3 Million for Breach of Contract
In a shocking turn of events, boxing legend Floyd Mayweather has been ordered to pay a Nigerian media company over $3 million for failing to fulfill his contractual obligations. The news comes as a surprise to many, given Mayweather's reputation as one of the highest-paid athletes in the world.Mayweather Signed Agreement with Zinni Media Concept Limited
In June 2017, Mayweather signed an agreement with Zinni Media Concept Limited to make several appearances in Africa. However, he never showed up for the events and failed to refund the initial payment of $210,000 that he had received.
Court Ruled in Favor of Zinni Media
A Los Angeles court awarded Zinni Media $2.4 million in damages, which included $1,638,542 in principal, $721,881 in prejudgment interest, $16,270 in attorney fees, and $285 in costs. Mayweather appealed the decision, but it was denied.
Mayweather's Assets at Risk
The court has ruled that attorneys may pursue enforcement and seize Mayweather's luxury vehicles, including a 2015 Bugatti Veyron and a 2015 Ferrari LaFerrari Aperta. These vehicles are worth more than the amount owed to Zinni Media.
Mayweather Responds to Financial Issues
In May 2025, Mayweather responded to reports of his financial problems at The Real Deal's New York City Forum. He stated that he is not going bankrupt and that owning two private jets, 100 buildings, and being able to do what he wants is not a sign of financial trouble.
Floyd Mayweather's breach of contract has resulted in a significant financial loss for Zinni Media Concept Limited. The court's decision serves as a reminder that contracts must be taken seriously and that failure to fulfill obligations can have serious consequences. As the boxing world continues to watch this story unfold, one thing is clear: Mayweather's reputation has taken a hit.
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