Connect with us

Hi, what are you looking for?

Features

Mayweather seeks delay on 2015 tax bill

Floyd Mayweather, pictured in June 2017, expects to net a nine-figure payout from his upcoming fight with UFC star Conor McGregor © GETTY/AFP/File / Ethan Miller

LOS ANGELES, United States, Jul 10 – Floyd Mayweather has asked US authorities for more time to pay his 2015 tax bill, the year of his money-spinning mega-fight with Manny Pacquiao, filings showed Monday.

Mayweather, who is coming out of retirement to fight UFC star Conor McGregor next month, has requested he be allowed to settle his 2015 taxes after he is paid for his August 26 bout.

The McGregor fight is expected to net Mayweather a nine-figure payday, boosting career earnings that have already topped $700 million according to one estimate in Forbes magazine.

Although the 40-year-old pocketed a mammoth $220 million for his May 2015 bout with Pacquiao, a filing to the Internal Revenue Service posted by the Law360.com said Mayweather’s assets were mostly “illiquid”.

“Although the taxpayer has substantial assets, those assets are restricted and primarily illiquid,” the petition said.

Cash flow would improve after the McGregor bout.

“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,” the filing added.

Mayweather quit boxing after beating Andre Berto in September 2015.

However he was lured out of retirement to face UFC star McGregor, who has never boxed professionally. The match-up, which has been widely ridiculed, is expected to be one of the most lucrative bouts in history.

Advertisement. Scroll to continue reading.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Advertisement

More on Capital Sports

Football

NAIROBI, Kenya, May 25 – There is light at the end of the tunnel. After failed promises over the last three years since its...

Athletics

NAIROBI, Kenya, June 8 – Olympic Champion Caster Semenya and wife Violet Raseboya have hinted that they might be expecting a baby in a...

NFL

NAIROBI, Kenya, Aug 13 – Kenya’s history making Daniel Adongo, the first Kenyan to play in America’s National Football League (NFL), is now living...

Features

NAIROBI, Kenya, May 17 – The Kakamega High School ‘Green Commandos’ have produced a plethora of talent over the past decades in Kenyan football...

© 2020 Capital Digital Media. Capital Group Limited. All Rights Reserved