Floyd Mayweather is facing a $175M lawsuit against his former manager, Jona Rechnitz, as reported on June 29, 2026. The boxing legend claims Rechnitz committed fraud, transferring $100M worth of gold for only $13M.
What happened?
The lawsuit alleges Rechnitz took millions from Mayweather under false investments and transferred ownership of his Gulfstream private jet without his knowledge.
Why it matters for Floyd Mayweather
Dana White, UFC CEO, has offered support to Mayweather, stating he'd like to help the boxer amid his financial troubles, having talked to him about the issue.
What comes next?
Mayweather's financial situation has taken a hit, with multiple lawsuits filed against him, including one from a couple over $330,000 in unpaid rent, and another from Showtime for over $340M.
The 49-year-old boxer has faced growing financial struggles over the years, despite once boasting about his wealth, and the recent lawsuit has sparked concern among his peers, with some expressing sympathy for his situation.
Dana White's support for Mayweather is not surprising, given their long-standing friendly relationship, which began after the successful Conor McGregor crossover event in 2017.
Mayweather's lawsuit against Rechnitz claims the former manager transferred $100M worth of gold to Miami-based jewelers for only $13M, and also alleges Rechnitz took millions under false investments.
The boxing legend has also sued Showtime for over $340M, alleging a "complex web of hidden accounts, unauthorized transactions and deliberate concealment of financial records" that caused him massive financial losses.
As the situation unfolds, Mayweather's financial future remains uncertain, with the outcome of the lawsuits and the support from his peers likely to play a significant role in determining his next steps.
On June 29, 2026, Dana White stated he would like to provide necessary help to Floyd Mayweather, saying "it's horrible" to see someone lose their wealth after working hard to amass it.
The UFC CEO's comments came after the news of Mayweather's $175M lawsuit against his former manager, which has sparked concern among boxing fans and peers alike.
Mayweather's financial troubles have been well-documented, with the boxer facing multiple lawsuits and debts, including the recent lawsuit against his former manager.
As the boxing world watches the situation unfold, one thing is certain - Floyd Mayweather's financial future is uncertain, and the support from his peers, including Dana White, will be crucial in helping him navigate the challenges ahead.
The outcome of the lawsuits and the support from his peers will likely determine Mayweather's next steps, as he looks to regain control of his financial situation and move forward.
For now, the boxing legend remains focused on resolving his financial issues, with the support of his peers and the legal system, as he looks to put his financial troubles behind him and move forward.