Floyd Mayweather’s bout with Mike Tyson now in serious jeopardy
Floyd Mayweather's planned exhibition bouts with Mike Tyson and Mike Zambidis are in jeopardy due to a seriously delinquent tax debt of over $7.25 million owed to the IRS. The agency has notified Mayweather of its intent to revoke his U.S. passport, which would prevent him from traveling to fight in Greece and the Democratic Republic of the Congo. While Mayweather can avoid passport revocation by paying the debt, arranging an installment plan, or proving financial hardship, the situation raises questions about his current financial status despite his past earnings.
- ▪Floyd Mayweather owes the IRS approximately $7.25 million in delinquent taxes, prompting a potential passport revocation.
- ▪The IRS's action could cancel Mayweather's scheduled exhibition fights against Mike Zambidis in Greece and Mike Tyson in the Democratic Republic of the Congo.
- ▪Mayweather has multiple legal options to prevent passport revocation, including paying the debt or arranging an installment agreement.
- ▪Despite earning over $1.1 billion in his boxing career, Mayweather has faced property foreclosures and prior tax issues, suggesting ongoing financial difficulties.
- ▪Mike Coppinger of Ring Magazine reported on the tax debt and its implications for Mayweather's upcoming fights.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at Yahoo Sports.