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.
Looks like we finally know why Floyd Mayweather agreed to fight Conor McGregor and why it’s happening so soon. Apparently ‘Money’ Mayweather owes the IRS sooo much money in taxes that he needs to have this big fight against a UFC fighter in order to pay back the government.
How soon until Mayweather is broke? Yesterday? I think this convinces me that Conor McGregor has a real shot to beat Mayweather. Obviously, he is completely outmatched in a boxing ring but if Floyd is just in this fight to avoid losing his house then he is not at all worried about whether he actually wins or loses. My man is just hoping the government doesn’t take his tiger away.
Mayweather made $220 million fighting Manny Pacquiao and that’s still not enough to pay what he owes. This is why you can’t give dumb people nice things. Exhibit A.
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