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Logan Paul has renewed his declare that Floyd Mayweather Jr. nonetheless owes him cash from their June 2021 exhibition bout, alleging on a current podcast look that Mayweather pre-sold the occasion to a overseas firm for $10 million in money earlier than the battle ever came about in america — and that Paul’s contractual lower of that deal was by no means paid.
In response to Paul, the transaction occurred earlier than the battle was finalized for its eventual residence at Exhausting Rock Stadium in Miami Gardens, Florida. “He pre-sold the battle utilizing my title and likeness to an organization, I believe in Dubai or someplace within the Center East, for $10,000,000 money,” Paul mentioned. “We ended up doing the battle within the US with a distinct firm. That’s the corporate that placed on the battle, however he had already bought our battle to another person for $10M money.”
Paul went on to assert that his contractual settlement entitled him to fifteen p.c of that pre-sale income. “Our deal was 15%, he smoked me. 15% of $10,000,000 is $1,500,000,” Paul mentioned. “The corporate that paid him $10M is suing him. I don’t suppose I’m ever getting the cash.”
The Dubai Deal That Fell Aside
Paul’s account touches on a well-documented chapter from the lead-up to the battle. Earlier than the bout was staged in Miami, Mayweather Promotions filed a $122.6 million lawsuit in opposition to PAC Leisure Worldwide, an organization that had pitched internet hosting the exhibition in Dubai. Court docket filings obtained by TMZ Sports activities on the time revealed that PAC had approached Mayweather’s promotional firm claiming it had in depth enterprise contacts within the area and the monetary functionality to stage an occasion of that scale.
In response to these paperwork, Mayweather Promotions signed a deal calling for a assured $110 million on a prescribed cost schedule. When the primary installment of $30 million was not delivered by its March 2021 deadline, Mayweather’s group backed out and moved the battle to Miami by way of a separate association with Fanmio Boxing. The exhibition aired on Showtime pay-per-view on June 6, 2021. PAC Leisure disputed Mayweather’s model of occasions in its personal federal court docket submitting, claiming it was Mayweather who breached the settlement.
The precise $10 million determine Paul cited doesn’t straight correspond to the numbers within the publicly out there lawsuit, which referenced far bigger sums. Whether or not the quantity Paul described represents a separate transaction, an advance, or a distinct ingredient of the broader deal construction is unclear.
A Acquainted Dispute
The cost grievance just isn’t new. Paul has raised the difficulty publicly and repeatedly for the reason that months following the battle, calling Mayweather a “weasel” on Instagram in late 2021 and telling TMZ in 2022 that he meant to pursue the matter in court docket. On Andrew Schulz’s Flagrant podcast, Paul beforehand estimated the excellent quantity at someplace between $2 million and $5 million. The newest declare narrows the determine to $1.5 million tied particularly to the alleged abroad pre-sale.
The unique deal construction for the exhibition reportedly assured Paul a $250,000 base purse plus 10 p.c of pay-per-view income. Mayweather’s assure was reported at $10 million plus 50 p.c of PPV income. The occasion bought roughly a million pay-per-view items, which by most estimates would have put Paul’s whole earnings within the vary of $5 million.
Mayweather has beforehand pushed again on the nonpayment accusations, telling reporters in early 2022 that pay-per-view cash “takes some time” and that he was nonetheless accumulating checks from fights that came about years earlier. At a press convention forward of his 2022 exhibition with Mikuru Asakura, Mayweather dismissed Paul’s claims, arguing that if Paul actually had not been paid, he wouldn’t have been looking for a rematch. Mayweather has not publicly responded to the most recent podcast feedback.
For Paul, the $1.5 million seems to be a write-off. His tone on the podcast was resigned moderately than combative — a notable shift from the Instagram outbursts and courtroom threats of prior years. Paul has since moved on to a WWE profession, his PRIME Hydration enterprise with KSI, and a life based mostly in Puerto Rico. Whether or not the matter remains to be being pursued by way of authorized channels is unknown.
Practically 5 years after the 2 males shared a hoop in Miami, the monetary aftermath of their exhibition continues to play out — one podcast look at a time.
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