Floyd Mayweather Slapped with $2.4M Lawsuit

Mayweather's $2.4M Contract Blunder

“After several unsuccessful attempts to recover the appearance fees from the American boxer, the company instituted a legal action..."

Floyd Mayweather ordered to pay $2.4M to Nigerian Firm Zinni Media for breaching contract agreement.

A U.S. court has ordered former world boxing champion Floyd Mayweather Jr. to pay $2.4 million in damages to Nigerian firm Zinni Media Concept Limited for breaching a contractual agreement.

According to Alex Nwankwo, Zinni Media's media executive, the company had secured a deal with Mayweather for multiple appearances in Africa, including a highly anticipated event in Nigeria scheduled for June 2017. However, Mayweather unilaterally terminated the contract without valid reason and refused to reimburse the advance payment made by Zinni Media for his services.

According to Nwankwo, Mayweather's legal team asserted that the boxer was exempt from refunding the company due to its non-U.S. location.

“After several unsuccessful attempts to recover the appearance fees from the American boxer, the company instituted a legal action against Mayweather in 2018 where it alleged breach of contract, unjust enrichment and fraud against the former champion.

“We are grateful that two courts have granted a prayer by Zinni Media Ltd to impose terminating sanctions against Mayweather,” the statement reads.

Floyd Mayweather Jr. has been ordered to pay Zinni Media Concept Limited $2,376,978 by a California court. The breakdown of this amount includes $1,638,542 in damages, $721,881.32 in prejudgment interest, $16,270 in attorney fees, and $285 in costs. Initially, the lower court made this ruling in October 2023, but Mayweather appealed to the California Court of Appeals.

However, on August 27, 2024, Eva McClintock, the appellate court clerk, upheld the lower court's decision. Despite this final ruling, Alex Nwankwo, Zinni Media's media executive, notes that Mayweather still hasn't paid the judgment amount, which continues to accrue interest at 10 percent per year.

This case stems from a contract dispute between Mayweather and Zinni Media, which had arranged for the boxer's appearances in Africa, including Nigeria, in June 2017. Mayweather unilaterally terminated the contract without justification and refused to refund the advance payment made by Zinni Media for his services.The court has ordered U.S. attorneys to seize Mayweather's high-end cars, including a 2015 Bugatti GSV and 2015 Ferrari LaFerrari Aperta, valued at over $2.4 million, to satisfy the judgment.

The court has ordered U.S. attorneys to seize Mayweather's high-end cars, including a 2015 Bugatti GSV and 2015 Ferrari LaFerrari Aperta, valued at over $2.4 million, to satisfy the judgment.