According to reports, Floyd Mayweather's passport could be revoked by the US government over an unpaid tax bill exceeding $7.25 million, with the IRS reportedly notifying the boxer of its intention to alert the State Department in late March. The development comes ahead of his scheduled exhibition fight against Greek kickboxer Mike Zambidis in Athens on June 27, according to event announcements.
Despite reportedly earning over $1 billion over his boxing career, Mayweather faces mounting financial pressures. Court documents show he was sued in February for $330,000 in unpaid rent on his New York City condo, and a separate lawsuit alleges he owes $105,690 for a private jet charter flight to Turks and Caicos. According to Business Insider, Mayweather has sold his Gulfstream jet 'Air Mayweather' as well as his mansions in Beverly Hills and Miami.
I just be minding my business!
Separately, Mayweather has filed a lawsuit against Showtime, reportedly claiming the network owed him at least $340 million over alleged fraud. Paramount, Showtime's owner, dismissed the lawsuit as 'baseless,' according to a statement. Mayweather has not publicly commented on the tax issue, though he previously wrote on social media, 'I just be minding my business!' It remains unclear whether the US government will ultimately revoke his passport or if the June 27 exhibition will proceed as planned.