Mayweather Owes Taxes, Asks IRS to Wait For McGregor Figh

[ewenhay]

You're pretty naive.

I don't think so. He spends a ridiculous amount of money and doesn't pay his taxes. I think that is a recipe for disaster. Let's face it, there have been many boxers who have blown their money. Why do you think Manny is still fighting?

Why would you equate paying taxes late to being broke?

It's not just the non payment of taxes. It's a combination of things. That, the alleged inability to pay them until after the fight and the comeback fight against Mcgregor itself which he knows will damage his legacy as it isn't a legitimate fight. in spite of that he's doing it purely for the money and although you think I am naive I smell serious money troubles.

[SaadOffTheDeck]

This doesn't damage his legacy at all. Everybody would rather pay something later and sometimes you can get a lower settlement. I think you want him to be broke.

[ewenhay]

This doesn't damage his legacy at all. Everybody would rather pay something later and sometimes you can get a lower settlement. I think you want him to be broke.

They just hit you with lots of penalties so you just end up paying more. Why would you risk paying more if you had enough under the bed to pay the bill?

Actually it would be sad if it was true. I don’t like to see boxers end up skint as it's a tough profession and they take a lot of health risks. I've no axe to grind with Mayweather or any other fighter.

There's no doubt that this fight will damage his legacy as there are no ways to legitimise it as a serious boxing match.

[SaadOffTheDeck]

Those penalties are easily waived when a check is cut. It may be sad to you, but it's commonplace. As for the damge to his legacy, that's just silly.

[punchoutsb]

This fight will not damage Floyd legacy in the slightest given a victory. Only a loss would affect his legacy at all.

I personally think Floyd *will* end up broke, but he's not broke now. A rich guy being late on his taxes isn't exactly an odd scenario. I don't hope Floyd ends up skint, but the evidence points to it happening.

[Impractical Poster]

TBH I think nearly all boxers are big cowards

Really? Guys who make a living fighting are big cowards. I'd hate to know what you think of you or I.

[RScarf1]

There is a new article that revealed Mayweather is suing the IRS so that he can delay paying them until after the McGregor fight.

https://www.forbes.com/sites/robertwood ... 953e634cbb

[asdfjkl]

TBH I think nearly all boxers are big cowards

Really? Guys who make a living fighting are big cowards. I'd hate to know what you think of you or I.

They make a living of looking for an idiot and knock the crab out of him. And the guys who get knocked up receive the least money. Several boxers refuse to accept any risk and only like to punch up someone else.

[Kalan]

Rather than cowards, a lot of boxers and promoters are ethically challenged.. If you're in a mismatch with an opponent you're almost certain to knock out -- that's not a real contest so much as a mugging.. There's nothing moral about it.. You'd think human beings wouldn't allow themselves to be used and tossed into mismatches, but people tend to see a much brighter future for themselves than one that actually develops..

Guys who are likely to get knocked out tend to rationalize, "I really need that 3 thousand for the rent and bills this month.. Then that good job will come through in a couple weeks and I'll never put myself through this bullcrap again." ... That's when they've already been knocked out 5 times.

[asdfjkl]

Rather than cowards, a lot of boxers and promoters are ethically challenged.. If you're in a mismatch with an opponent you're almost certain to knock out -- that's not a real contest so much as a mugging.. There's nothing moral about it.. You'd think human beings wouldn't allow themselves to be used and tossed into mismatches, but people tend to see a much brighter future for themselves than one that actually develops..

Guys who are likely to get knocked out tend to rationalize, "I really need that 3 thousand for the rent and bills this month.. Then that good job will come through in a couple weeks and I'll never put myself through this bullcrap again." ... That's when they've already been knocked out 5 times.

I see Joshua protecting Wilder indeed, but Wilder for example and the WBC as well have no problems putting Stiverne in the ring with Wilder? I saw Povetkin avoiding hard punches as well indeed, even when he had permission from the referee to attack Rudenko, Povetkin stopped out of himself. Also, I don't understand why they putted that not even cruiserweight in the ring with Daniel Dubois. I also have the feeling Nick Webb is going to be the new, Deontay Wilder from the UK. I already saw him being scheduled with a slightly better guy, but then he pulled out, just like Gary Cornish always does.

[MarkMcBurney]

Yes. That's why I said "the high rollers ain't rolled into town yet"

Yeah and they are going to be high rolling right out of town

Ok. No sense in arguing any further about it. I'm just gonna let what unfolds speak for itself.

Tickets aren't actually officially on sale yet, which might explain people not buying them...

[gilgamesh]

Seems like that would go a long way in explaining the poor ticket sales

[Ruthless-RKO]

Mayweather: I Gave IRS $26 Million in 2015, My Empire Rock Solid!

One of the bigger boxing stories in the last few days, was the fact that former five division world champion Floyd Mayweather filed an appeal with the IRS regarding overdue taxes.

Mayweather filed a tax court petition on July 5, asking the IRS to grant him a reprieve and allow him to pay his taxes after he is paid for next month's bout vs. mixed martial arts star Conor McGregor.

The IRS wants Mayweather (49-0) to pay his taxes for 2015. Mayweather has earned an estimated $700 million in his career, Forbes magazine reported, including a staggering $220 million from his much-hyped fight against Manny Pacquiao in May 2015.

"Although the taxpayer has substantial assets, those assets are restricted and primarily illiquid," the petition by Mayweather said in a filing posting on Law360.com. "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."

"Believe half of what you see and none of what you hear, especially when it comes to media in this country. While everyone is counting my money and assuming the worst, these are the facts... Uncle Sam, received $26,000,000.00 from me in 2015! What else could they possibly want? I'm sure I would have been notified much sooner if there were any real discrepancies right?," Mayweather stated.

"Bottom line, everybody just wants to be a part of the 'Money May' show, including the IRS! That's fine, you can crunch numbers all day but in the end, my empire is rock solid and intact! Now Calculate That!"

[hhaehre]

I personally think Floyd *will* end up broke, but he's not broke now. A rich guy being late on his taxes isn't exactly an odd scenario. I don't hope Floyd ends up skint, but the evidence points to it happening.

Like you I think he'll end up without a nickel to his name, but unlike you I don't care if he does.

[Kalan]

Like you I think he'll end up without a nickel to his name, but unlike you I don't care if he does.

Floyd will always be rich.. Rich is a state of mind, not how much you make.. and not how much you spend.. This is his last fight, but he promotional business should take off. He knows how to promote himself and he has to translate that to his shows.. Some of his boxers are good but they lack personality.

Floyd is bemoaning his age and complaining about his body because some people aren't giving Conor much a chance - and that WILL hurt the PPV.. If Floyd does enough "Woe is me – I’m an old man who can barely make it through training because I've been off for 2 years and I've a physical wreck" ... Is that going to build up major interest in the fight??? ... To a degree it should. Floyd plays the guy people love to hate and his age will give them hope.

Cassius Clay did a radio show one day when Gorgeous George the wrestler was also doing an interview in the same studio.. George berated the announcer, talked about how great he was, and said he was going to destroy his opponent and beat his brains in. The announcer would ask a question and George would mock him. Clay was so angry at the egotistic George he went to see him wrestle. He saw the arena packed solid with 15,000 people, all calling for George’s head. That’s how the “Louisville Lip” was born. Floyd created Money Mayweather as as character. Not a guy you love.

[montrealsuper]

He probably could sell one of his houses and pay the IRS. What if he did not have this fight? What would he tell the IRS then?

no leverage now - has to take what is offered - cant dictate selling prices when bankrupt or broke

[RScarf1]

He probably could sell one of his houses and pay the IRS. What if he did not have this fight? What would he tell the IRS then?

no leverage now - has to take what is offered - cant dictate selling prices when bankrupt or broke

He could sell for a little below market value in order to sell quicker. I don't know where he owns his real estate, but prices in Florida have gone up. People are putting in bids for property in Florida and even bidding more than the asking price to have the winning bid.

[caldo2025]

Boy, where to start on this one.

First off, I'd LOVE to be able to tell my bank that i can't pay my mortgage because I don't have cash handy because I bought too much shiit already with it. LOL. That's America for you. Meanwhile, i got audited last year because i forgot about winning $200 in FanDuel and forgot to claim it. In America, they steal from the poor and hand it to the rich.

Second off, this article is definitely anti-Floyd so with a grain of salt i take this information. But let's just say that it's somewhat true and that Floyd really doesn't have enough cash to pay for his taxes and that is something that can result in significant jail time. Maybe this fight was made by Floyd with more desperation than originally considered. I'm starting to believe that. He's already complaining about training and promises that this is IT for him and fighting. Aside from the money, Floyd has very little to gain from this fight and his legacy, win or lose, is marred IMO. If he wins, the 50-0 record will be earmarked as sketchy. If he loses, his greatness and spot in history will drop like a rock. Even if he wins the fight unconvincingly, it negatively affects his historical place in the sport. To me, this fight appears to be way more desperately measured for Floyd than most think.

[RScarf1]

I agree with caldo. Some people are saying it's an act by Floyd to pretend that he's old and tired, but I think it is not an exaggeration. He doesn't really want to do this fight, but it was just too good to pass up. He's done after this win or lose. If the fight goes the distance, his legacy takes a hit even if he wins by decision.

[ewenhay]

Boy, where to start on this one.

First off, I'd LOVE to be able to tell my bank that i can't pay my mortgage because I don't have cash handy because I bought too much shiit already with it. LOL. That's America for you. Meanwhile, i got audited last year because i forgot about winning $200 in FanDuel and forgot to claim it. In America, they steal from the poor and hand it to the rich.

Second off, this article is definitely anti-Floyd so with a grain of salt i take this information. But let's just say that it's somewhat true and that Floyd really doesn't have enough cash to pay for his taxes and that is something that can result in significant jail time. Maybe this fight was made by Floyd with more desperation than originally considered. I'm starting to believe that. He's already complaining about training and promises that this is IT for him and fighting. Aside from the money, Floyd has very little to gain from this fight and his legacy, win or lose, is marred IMO. If he wins, the 50-0 record will be earmarked as sketchy. If he loses, his greatness and spot in history will drop like a rock. Even if he wins the fight unconvincingly, it negatively affects his historical place in the sport. To me, this fight appears to be way more desperately measured for Floyd than most think.

Spot on. Mayweather is smart enough to know this is a farce and unbecoming of an all time great but he's hustling hard to make the money and run. He definitely needs the cash.