For years, Floyd Mayweather has been telling the world that he is the smartest businessman in boxing. Now, with another former colleague publicly questioning his finances, Mayweather’s “Money” image is coming under renewed scrutiny.
The undefeated five-weight world champion is currently pursuing a $175 million lawsuit against former manager Jon Rechnitz, alleging misconduct related to jewelry deals, loans and the sale of a private jet.
But Rechnitz is now struggling.
In an interview with YouTuber Spencer Cornelia, Rechnitz rejected Mayweather’s allegations and stated that he had texts, photos, videos and documentation regarding Mayweather’s jewelry rentals and plane sales that told a completely different story.
Proof or posturing?
According to Rechnitz, there is evidence that Mayweather was aware of several deals currently at the center of the legal dispute.
“I don’t want to settle this issue through the media, nor do I want to publicly shame Floyd,” Rechnitz told Cornelia.
“It is unhappy that Floyd wasted his money. I have written him many letters regarding his spending habits, which are documented. I have had many conversations with him about slowing down his spending, but unfortunately it has caught up with him and now he is looking for others to blame.”
Rechnitz went further, arguing that Mayweather repeatedly attacked others when financial disputes arose.
“First he blamed Al Haymon, and now he blames me. He sued Showtime for $340 million, he sued Business Insider for $100 million, and now he’s suing me for $175 million. He’s unsustainable.”
These comments came just weeks after former Showtime Sports chief Stephen Espinoza publicly cast doubt on Mayweather’s separate $340 million claim against the broadcaster.
Questions about Mayweather’s money
Over the years, stories have come to lithe questioning Mayweather’s finances, even though the boxer earned hundreds of millions of dollars during one of the most lucrative careers in sports history.
The difference is that Mayweather has always considered himself an exception.
While fighters like Adrien Broner openly admitted to money-related mistakes, Mayweather built an entire brand around financial discipline, entrepreneurship and sharp investments.
If even one of his largest fighting portfolios had been placed in a high-interest account, the returns alone could have generated more than $200,000 a week without touching the original money.
Time will tell whether Rechnitz’s claims ultimately hold up in court. Mayweather strongly disputes his former manager’s version of events and is seeking significant compensation in the lawsuit.
But time is significant.
Questions continue to arise over Mayweather’s finances, while his proposed rematch with Manny Pacquiao remains in limbo, Mike Tyson’s exhibition continues to be postponed and his scheduled fight with Mike Zambidis looms later this month.
Where did the money go?
For a fighter who spent years convincing fans that no one was better with money than “Money” Mayweather, the conversation is increasingly focused on where the money went.
With Showtime’s $340 million lawsuit, a $175 million lawsuit against his former manager, Pacquiao’s delayed rematch, and modern financial allegations now circulating in the public eye, attention has shifted from Floyd’s next fight back to Floyd’s finances.
About the author
Phil Jay is the editor-in-chief of World Boxing News (WBN) and a boxing veteran with over 15 years of experience. Since 2010, he has been interviewing world champions, breaking down international titles exclusively and reporting from the ring. His work is distributed on major platforms including Apple News. Read the full biography.
Dmitry Bivol currently holds the WBA, WBO and IBF light-heavyweight titles, with a trilogy showdown against Artur Beterbiev rumoured once again, but the three-belt unified titleholder has now been given just 10 days to agree to a fight with an alternate former world champion.
The Russian avenged his maiden career defeat by scoring a majority decision win in his rematch with Beterbiev to claim the undisputed throne in February 2025. Although, just two months later, Bivol relinquished the WBC crown with David Benavidez being the beneficiary.
Since then, Bivol has fought only once, making his ring return in a decision win against IBF mandatory challenger Michael Eifert back in Maybefore rumours of a third fight with Beterbiev re-emerged.
Yet, last month, Bivol was ordered to face former WBA (Super) super-middleweight world champion Callum Smith, who is currently in possession of the WBO Interim light-heavyweight title and positioned as the WBO mandatory challenger.
Bivol then underwent elbow surgery and was granted an extension to the negotiation period with Smith, but last night, WBO President Gustavo Olivierirevealed that an additional extension has been granted, giving the parties until August 20 to reach a deal.
“Re: WBO 175 lbs – Bivol/Smith
“The WBO Championships Committee has granted the parties a final extension, through August 20, 2026, to reach terms for the Mandatory bout, consistent with the WBO’s 1 World Champion per division policy and the objective of eliminating the Interim title.
“Should an agreement not be reached by the deadline, purse bid proceedings will be conducted on August 27, 2026, in San Juan, Puerto Rico.”
As Olivieri states, if an agreement is not reached by Thursday, August 20, then purse bid proceedings will take place on Thursday, August 27.
One option could see Bivol vacate his WBO light-heavyweight world title in favour of another clash with Beterbievwith Smith expected to be elevated and thus become a two-division world champion.
Fight fans are keen for an announcement of Tyson Fury vs Anthony Joshua, but one further detail about the proposed event emerged after a heavyweight fighter was in action on Matchroom’s show in Queensland, Australia today.
The heavyweight division is currently searching for its new superstars, and Australia has an intriguing offering in Teremoana Teremoana, who had won by knockout in all 11 of his professional contests prior to today; nine of those stoppages coming in the opening round and the remaining two coming in round two.
Consequently, the 28-year-old is deemed to be one to watch in the heavyweight division, but in Queensland, he was tasked with his most difficult opponent to date in Michigan-born DeAndre Savage, who had also won inside of the distance in all 11 of his victories but suffered a maiden defeat to Brandon Moore last September.
Trained by former WBC super-welterweight world champion Tony Harrison, 35-year-old Savage looked wary from the get-go and Teremoana wasted no time in getting to work in his first main event, as the imposing 6’6” Aussie heavyweight quickly assumed control of the contest and showed tremendous hand speed for his size.
Still, Savage survived a one-sided opening round without hitting the deck, despite a terrified look in his eye throughout the opening three minutes. The American would not be so lucky in the second, buzzed early in the round and then dropped after Teremoana landed a duo of straight right-hands to the temple.
Savage did not attempt to beat the count, instead crawling to a knee and waiting keenly for referee Phil Austin to finish his 10-count, awarding Teremoana with a 12th consecutive knockout as a professional without fighting ever beyond round two.
In his post-fight interview on the DAZN broadcast, after treating the fans to a haka in the ring, Teremoana shared news that he would be appearing on the Fury-Joshua undercard.
“What I have heard on the grapevine is that I should be on the AJ-Fury undercard.”
Eddie Hearn then confirmed the idea, but recognised that he will need to increase the level of his opposition for a fight on a card of such magnitude.
“That is definitely the plan, but we have got to step up the opposition.”
Despite those words, Eddie Hearn recently threatened to call the Fury-Joshua fight offif a premature announcement for the event to be in America is made any time soon.
Unified light-heavyweight world champion Dmitry Bivol is regarded as the very best at 175lbs, but there is a new player in the division who believes that he can be the first to knock the slick Russian out.
Bivol became the first fighter to take Artur Beterbiev the distance when the pair collided for the undisputed title back in October 2024, but it was Beterbiev who claimed a majority-decision win and made history by becoming the first undisputed light-heavyweight ruler of the four-belt era.
However, just four months later, Bivol became the second, as he avenged his solitary career defeat with a majority-decision triumph of his own before vacating the WBC belt – which subsequently fell into the hands of David Benavidez.
Now, after Bivol returned to action with a points win over Michael Eifertit seems as though a trilogy showdown with Beterbiev is finally on the horizon, but the Russian-Canadian puncher is not the only knockout artist hoping to hand Bivol a first stoppage defeat.
Speaking to TalkSPORT Boxingafter a first-minute knockout of Sean Hemphill, Dutch light-heavyweight Gradus Kraus admitted that he cannot wait to face the likes of Bivol and knock them out.
“I want to make rounds, but you see I am too good for these guys and I know that I am the best in the world, I will be a future world champion.
“I can’t wait to step up in the ring against [guys] like Bivol and then I will show the world that I also knock them out because my power is too much.”
Boxing News understands that Kraus, who now has 11 knockouts from 12 wins, will return to action in October, with former Bivol opponent Craig Richards amongst the names being considered as a potential opponent.
Meanwhile, the unified champion has been ordered to face WBO mandatory challenger Callum Smith, though he may instead vacate the belt to make the third fight with Beterbiev.
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