FLOYD MAYWEATHER is reportedly suing PAC Entertainment Worldwide for a whopping £85million for their alleged failure to take his showdown with Logan Paul to Dubai.
A breach of contract lawsuit filed by Mayweather Promotions claims PAC approached them about staging the fight in the UAE.
According to TMZ, the suit alleges PAC claimed to have the ‘the financial wherewithal and capability to host a fight of this magnitude’ as well as ‘numerous business contacts in Dubai’.
Additionally, Mayweather Promotions claims the company ‘presented financial projections estimating the fight could generate guaranteed amounts for each participant, plus result in the promoters earning more than $100million (£71m) in profits after covering all purses and expenses.’
Mayweather Promotions claimed to have signed a deal requiring PAC to pay a guaranteed £78m ($110m) on a ‘prescribed payment schedule’ after being impressed by their pitch.
The first payment of £21m ($30m), which was allegedly missed, was said to have been due on March 25.
According to Mayweather Promotions, that missed payment triggered a clause allowing them to terminate their agreement but still pocket the full £85m.
Despite PAC’s failure to come through on their alleged promises, Mayweather’s fight with Paul will go ahead.
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🥊 MAYWEATHER VS LOGAN PAUL: Where will the fight take place, what TV channel and live stream will it be on?
The former four-weight world champion will face the YouTuber in an exhibition bout on June 6.
Mayweather’s second exhibition since his third retirement from the sport in 2017 will take place at the Hard Rock Stadium in Miami.
The pair, 44 and 25 respectively, got their first glimpses of one another last week at their first pre-fight press conference.
But the presser descended into bedlam after Paul’s younger brother, Jake, stole Mayweather’s hat.
Mayweather responded by attacking Jake, an act that led to a wild melee ensuing.
As the dust began to settle, an irate Mayweather said: “When I catch you, motherf****r, I’ll kill you motherf****r! You crazy?!
“I don’t know who the f**k he thinks he’s playing with, but I don’t play no motherf***ing games!
“I’ll f**k you up! I don’t play no motherf***ing games.”
After he was dragged away from the scene, the Money man shouted: “I’ll kill that motherf***er.”
Source: Boxing - thesun.co.uk
