Floyd Mayweather, Jr. is having a busy 2026. He is slated to have three exhibition fights and has filed a lawsuit against his former investment manager and real estate adviser.
The latest lawsuit, filed in New York, adds to his litigation portfolio this year. He filed a lawsuit against Showtime and former Showtime exec Stephen Espinoza claiming that money made from many of his fights were diverted to other accounts unbeknownst to Mayweather.
In this lawsuit, Mayweather claims that Jona Rechnitz, his former manager, and Ayal Frist, a real estate investor, committed fraud by misappropriating funds made by Mayweather.
Per ESPN, some of the claims include unauthorized allocations of Mayweather’s money to Frist’s real estate firm. A loan of $8.8M sent to the real estate firm without explanation. Another wire for a 12-month investment on July 1, 2024 to the real estate firm where no investment was made. Also $2.1M of an $8.2M refinance of one of Mayweather’s Las Vegas properties sent to the real estate firm without authorization.
One of the more egregious allegations is a bill of sale signed by Mayweather for his 1996 Gulfstream IV jet at his manager’s suggestion with no purchaser listed. He claims he did not know who bought the aircraft and that the money from the sale was used for a “Bugatti-related obligation and otherwise diverted to Frist Apex,” with no money given to Mayweather.
The latest lawsuit seems to be a part of a push for Mayweather to “reclaim” some of the earnings he has made over the years. We will see what becomes of this lawsuit. But, one might infer that based on the recent lawsuits and the push to fight may mean that the undefeated Mayweather is in need of a cash infusion.
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