Tag: Floyd Mayweather

Floyd Mayweather Needs McGregor Fight Money To Pay Off Massive Taxes

It looks like Floyd Mayweather is having trouble paying his tax liability from the year of 2015, and he’s hoping the paycheck from his August 26th fight with Conor McGregor will help solve those problems. Last week (July 5, 2017) Mayweather filed for a Tax Court petition with the IRS to allow him a reprieve until after […]

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It looks like Floyd Mayweather is having trouble paying his tax liability from the year of 2015, and he’s hoping the paycheck from his August 26th fight with Conor McGregor will help solve those problems.

Last week (July 5, 2017) Mayweather filed for a Tax Court petition with the IRS to allow him a reprieve until after the fight (quotes via ESPN):

“Although the taxpayer has substantial assets, those assets are restricted and primarily illiquid,” the petition said, according to the legal website Law360. “The taxpayer has a significant liquidity event scheduled in about 60 days from which he intends to pay the balance of the 2015 tax liability due and outstanding.”

The amount of money Mayweather owes is not yet known, however, the IRS has argued that the former IBF welterweight champion previously had the funds to pay the taxes immediately, even if it meant selling property or taking out a loan. The petition also asks that the penalty (0.5 percent of the owed taxes for each month failed to pay) be reduced from not paying the taxes from that year.

Mayweather’s taxes are currently 15 months past due, which would mean he has racked up a 7.5 percent charge on top of what he already owes.

It’s reported that “Money” took home $220 million after his fight with Manny Pacquiao in May of 2015, as he even posted a picture of a $100 million check on social media (his guaranteed fight purse from the Pacquiao fight) which didn’t have taxes deducted off it. ESPN reports the check was, in fact, authentic.

Now, Mayweather is set to welcome UFC lightweight champion Conor McGregor to the boxing word on August 26th from the T-Mobile Arena in Las Vegas, Nevada, and is expected to make an amount similar to that of which he made against Pacquiao.

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Floyd Mayweather vs. Conor McGregor Pay-Per-View Price Tag Reportedly $99

Those who want to watch the highly anticipated bout between Floyd Mayweather and Conor McGregor will have to pay a good deal of money to do it.
According to Lance Pugmire of the Los Angeles Times, it will cost $99.95 for a high-definition version of th…

Those who want to watch the highly anticipated bout between Floyd Mayweather and Conor McGregor will have to pay a good deal of money to do it.

According to Lance Pugmire of the Los Angeles Times, it will cost $99.95 for a high-definition version of the Aug. 26 pay-per-view broadcast. Viewers can choose standard definition for $89.95.

The cost is the same as the PPV price for Mayweather’s fight against Manny Pacquiao in May 2015.

According to Darren Rovell of ESPN.com, the bout between Mayweather and Pacquiao brought in $455 million in PPV sales alone. He projected the Mayweather-McGregor match will bring in $475 million.

Former senior vice president of HBO PPV Tammy Ross last month guessed the PPV price tag, per Rovell.

“I think we thought that there wasn’t going to be anything like that fight again, but if there was, it would be this one,” Ross said. “That’s why I think they should put out the $100 price tag again and let Conor’s mouth do the talking.”

Mayweather and Pacquiao are considered two of the best boxers of their generation, and it took years for them to get in the ring together. McGregor has never competed in a professional boxing match, but he is one of the biggest stars in UFC, and the intrigue surrounding his crossover makes this a unique event.

Keith Idec of Boxing Scene reported in June that while neither competitor is allowed to discuss the purse, Mayweather is expected to take home over $100 million from the upcoming fight and McGregor should get about $75 million.

Read more MMA news on BleacherReport.com

Dana White Says Floyd Mayweather, Conor McGregor Presser Will Be a ‘S–t Show’

UFC President Dana White is already looking forward to the upcoming press tour designed to hype the boxing match between Conor McGregor and Floyd Mayweather, telling reporters he’s expecting a “s–t show.”
“It’s going to be a f–king s–…

UFC President Dana White is already looking forward to the upcoming press tour designed to hype the boxing match between Conor McGregor and Floyd Mayweather, telling reporters he’s expecting a “s–t show.”

“It’s going to be a f–king s–t show. You know that,” White said. “Absolute s–t show. So, I don’t know. It’s going to be crazy.”

White believes fans should expect something of a mix between regular UFC hype shows and boxing press conferences:

“I think it’s going to be a hybrid of the boxing press conferences and UFC press conferences. I don’t know. I think it’s going to be more like a boxing press conference than it is our press conferences. You know how mine are. No bulls–t. We walk in, and we sit down and, ‘What’s up? Who has the first question?’ and we get it rolling. I think there’s going to be a lot more bulls–t in this one.”

White added he’s not interested in giving speeches, although he expects others will do exactly that.

Per White, more than 30,000 tickets have been sold for the tour’s stops in L.A. and New York alone, while the numbers for the stops in Toronto and London have yet to come in. The two American venues have been sold out, and a huge crowd is expected at London’s Wembley Stadium, the home ground for England’s national football team.

MMAJunkie’s Chamatkar Sandhu shared more details on the four press conferences:

The two will do battle on August 26 at T-Mobile Arena in Paradise, Nevada. It will be Mayweather’s first fight since his win over Andre Berto in 2015. With another victory, he would take sole possession of the best undefeated record in boxing history; he currently shares the honour with Rocky Marciano at 49-0.

McGregor has never fought as a professional boxer before. He holds a professional MMA record of 21-3 with 18 wins by knockout.

Read more MMA news on BleacherReport.com

Floyd Mayweather Asks IRS for Tax Reprieve Until After Conor McGregor Fight

Floyd Mayweather filed a petition July 5 asking the IRS for a reprieve from unpaid taxes from 2015 until after his fight with Conor McGregor in August.
“Although the taxpayer has substantial assets, those assets are restricted and primarily illiquid,” …

Floyd Mayweather filed a petition July 5 asking the IRS for a reprieve from unpaid taxes from 2015 until after his fight with Conor McGregor in August.

“Although the taxpayer has substantial assets, those assets are restricted and primarily illiquid,” Mayweather’s petition stated, per the legal website Law360 (h/t ESPN.com’s Darren Rovell). “The taxpayer has a significant liquidity event scheduled in about 60 days from which he intends to pay the balance of the 2015 tax liability due and outstanding.”

Mayweather, 40, made $220 million alone from his 2015 fight against Manny Pacquiao. It is unclear how much he owes the IRS in taxes.

The petition asks the government to reduce Mayweather’s penalty on the unpaid taxes. Given a 15-month lapse since the 2015 tax due date, Mayweather would owe 7.5 percent in penalties on top of what he was already scheduled to pay, according to Rovell.

Mayweather is expected to bring home a nine-figure payday from his bout with McGregor, which is slated for Aug. 26 in Las Vegas. The fight will end a nearly two-year retirement. Mayweather has not boxed professionally since defeating Andre Berto via unanimous decision in September 2015, which moved him to 49-0 for his career.

Forbes estimated Mayweather’s net worth at $340 million in January.

Read more MMA news on BleacherReport.com

McGregor vs. Mayweather Full World Tour Dates Revealed

In anticipation for the biggest combat sports event of the year -and many would argue of all-time – when Floyd Mayweather meets Conor McGregor in a boxing ring on August 26 from Las Vegas, the UFC and SHOWTIME Sports have unveiled a four-city, three-country world tour beginning next week. The whirlwind media event will begin […]

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In anticipation for the biggest combat sports event of the year -and many would argue of all-time – when Floyd Mayweather meets Conor McGregor in a boxing ring on August 26 from Las Vegas, the UFC and SHOWTIME Sports have unveiled a four-city, three-country world tour beginning next week.

The whirlwind media event will begin next Tuesday, July 11, 2017, at the Staples Center in Los Angeles, California. From there, the world tour heads to Toronto, Ontario, Canada’s Sony Centre for the Performing Arts the following day on July 12. It will then move on to the third leg from the Barclays Center in Brooklyn, New York, on July 13 before finishing up at the SSE Arena from London, England on Friday, July 14.

Word arrived that tickets to the media events are free for the Los Angeles and Brooklyn events on AXS.com and Ticketmaster.com, respectively, with no information being available in that regard for the Toronto and London events.

Here is the full itemized promotional schedule for the McGregor vs. Mayweather world tour courtesy of MMA Fighting:

First Stop: Tuesday, July 11, at Staples Center in Los Angeles.

Time: Pre-show at 4:30 p.m. ET; 5:30 p.m. ET press conference

*Free tickets to the Los Angeles event if fans go to AXS.com on July 7 at Noon PT. Tickets available on a first-come, first-served basis and will be limited to four (4) per customer.

Second Stop: Toronto’s Sony Centre of the Performing Arts on Wednesday, July 12

Time: 6 p.m. ET for press conference

Third Stop: Brooklyn, New York’s Barclays Center on Wednesday, July 13.

Time: 6 p.m. ET for pre-show; 7 p.m. ET for press conference.

*Free tickets to the Brooklyn event are available now at Ticketmaster.com. Tickets will also be available at the American Express Box Office at Barclays Center starting Saturday, July 8 at noon if they are still available). Tickets available on a first-come, first-served basis and will be limited to four (4) per customer.

Final Stop: London’s SSE Arena on Friday, July 14.

Time: 1 p.m. ET for pre-show; 2 p.m. ET for press conference

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Watch The First Official McGregor vs. Mayweather Promo

The official schedule for the world media tour for Conor McGregor vs. Floyd Mayweather was announced today, and with it the first official promo video for the awaited mega-fight has been released. Of course, UFC lightweight champion McGregor will take on legendary multiple-time boxing great Mayweather in a boxing match set to go down on […]

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The official schedule for the world media tour for Conor McGregor vs. Floyd Mayweather was announced today, and with it the first official promo video for the awaited mega-fight has been released.

Of course, UFC lightweight champion McGregor will take on legendary multiple-time boxing great Mayweather in a boxing match set to go down on August 26 from the T-Mobile Arena in Las Vegas, Nevada.

Check out the first of what could be many official promos courtesy of SHOWTIME Sports right here:

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