Floyd Mayweather could appear in more fights after a Miami jeweler launched a lawsuit claiming he owed nearly $4 million.
The Miami Times has reported on Leonard Sulaymanov’s case. Sulaymanov alleges that the five-weight world champion failed to pay for high-end watches and diamonds purchased in 2021.
Mayweather is now the subject of a federal lawsuit as Sulaymanov sues to recoup an exact figure of $3,883,657.00. The Money Team [TMT], Mayweather company, was also named in the official paperwork.
According to The Times, the lawsuit states, “This action arises out of a pattern of predatory, unfair, improper, fraudulent, and unscrupulous practices through which defendants used the plaintiff’s reputation, business, and inventory to systemically steal and convert the plaintiff’s watches and jewelry to their own without paying the full and fair price.”
The suit also names rapper Tyga for allegedly failing to pay for a Rolex.
Sulaymanov’s accusations come days after Mayweather participated in a Mexico City exhibition against John Gotti, which forms part of the ex-Pound for Pound King’s income in retirement from professional boxing. According to the man himself, Mayweather also boasts an impressive property empire but will still want to avoid any excess payouts ordered by the justice system.
The lawsuit added that Sulaymanov’s company, Lenzo & Co, held meetings with Mayweather in Miami during the summer of 2021. The pair agreed to a price for several pieces, including a yellow-gold Audemars Piguet watch, a diamond ring, and a diamond necklace.
“Mayweather was wearing the diamond necklace and diamond ring while riding in his TMT van and departing from Miami. More recently, Mayweather posted a photograph of him wearing the necklace with his agent,” Sulaymanov’s legal team states.
It’s alleged that Mayweather only paid just over $250,000 as a down payment for the $4 million haul and left with the intention of wiring further payments.
The federal suit adds, “As the days passed, no wires were being received. The plaintiffs got concerned and started exchanging text messages with Defendants through their agent, Rechnitz, about when payment could be expected. Defendants have never paid the remaining balance on the purchases made and are indebted to the plaintiffs for over $3,883,657.00.”
Posting on social media about possessions in the past, Mayweather believes ‘People don’t value things they don’t pay for.’
He added, “Money, cars, and other belongings are valued and respected by those who work hard to earn them. People who are gifted, given, and handed those materialistic objects hold no value or sense of pride in owning them. Money and materials earned are far more valuable than anything that you are handed. Work hard, be patient, and remember. You only deserve what you work for.”
Whether Mayweather will confirm another exhibition soon remains to be seen. At the same time, some predict a professional fight wouldn’t be out of the realm of possibility.
Read all articles and exclusive interviews by Phil Jay. Learn more about the author, experienced boxing writer, and World Boxing News Editor since 2010. Follow on Twitter @PhilJWBN.
