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.
Former IBF welterweight world champion, Kell Brookhas previously called for a domestic dust-up with Conor Benn. Now, ‘Special K’ has predicted how Benn will fare in his first world title challenge, against WBC titleholder, Ryan Garcia.
Benn and Brook were linked to a bout in May 2023, when the pair were pulled apart in a ringside confrontation in Dublinbut the fight never materialised, partly due to the fact that Benn had relinquished his BBBofC license following his infamous failed drugs test.
Instead, Benn twice fought stateside as a super-welterweight and then twice boxed fierce rival Chris Eubank J as a middleweight, before announcing plans to return to the welterweight division and challenge for world honours.
On his way back down to 147lbs, Benn entered the ring against Regis Prograis earlier this year in a 150lb catchweight contest and underwhelmed, but still he has landed his title shot, with a fight against Garcia now formally confirmed.
Speaking on the Fight Your Corner PodcastKell Brook looked ahead to the fight and admitted that whilst he gives Benn ‘a good chance’, he feels as though the power of Garcia means that a win for the Californian is more likely.
“I give him [Benn] a good chance, but I do lean towards Garcia winning the fight, I do. In his last fight he boxed well but in the fight before, he didn’t box so good. I just think that he will rise to the occasion, they are champions and I think that we are going to see the best of both of ‘em.
“I just think that Garcia has got that get-out-of-jail card. When I boxed Shawn Porter, I went to Vegas to finish some sparring off and I was some sparring with some good kids. I put it onto this kid and had a really good spar, I was punching hard.
“We had something to eat after and I said, who is the biggest puncher you’ve been to, don’t forget I’m a lot older than Garcia, and he said, ‘I have never been hit as hard as by Ryan Garcia,’. That punch power that he has got, that snap [is impressive].”
Garcia-Benn takes place on Saturday, September 12, at the T-Mobile Arena in Las Vegas, with undefeated cruiserweight Jai Opetaia expected to appear on the undercard.
Tyson Fury has raised serious concerns over his proposed showdown with Anthony Joshua.
After over a decade of build-up, Fury and Joshua finally look set to meet later this year, provided that both men can first come through their respective warm-up bouts this weekend.
Fury takes on Mariusz Wach in Thailand on Friday, before Joshua then meets Kristian Prenga in Saudi Arabia 24 hours laterseemingly paving the way for the all-British showdown at the end of 2026.
‘The Gypsy King’ still doesn’t seem convinced that it will happen though, as he shared his doubts whilst speaking to IFL TV.
“Until that fight happens and we’re walking to the ring, I’m not convinced it does. 100% [I’m doubtful].
I can never see that stiff sitting on a table with me ever. What the f**k is he going to say? I can never see him at a press conference with me, it would be a bombardment. I can never see him taking that.
“He wouldn’t even get in the ring [after the Makhmudov fight]. He s**t himself and sat on a stool outside and didn’t even want to get up and build the fight and make the fight happen when Turki said to us both ‘come on boys let’s do it get in the ring and make it happen.’
“He didn’t want to do it, so how is he going to come face to face with me at a press conference? I think he’s a bottle job, a flapper, a chinless wonder as well.”
Despite Fury’s fears, all signs still point towards the fight taking place later this year, though there still remains a debate over where it will be held.
Dmitry Bivol looked as if he was ready to move on from a trilogy fight with Artur Beterbiev, but it now seems as though the unified light-heavyweight world champion is ready to run it back with his rival, thus opening the door for two Brits to compete for one of his belts.
Bivol claimed the undisputed light-heavyweight crown in February 2025 when he avenged his defeat to Beterbiev with a majority-decision win, but he soon relinquished the WBC marble – which was then handed to David Benavidez.
After 15 months of inactivity, Bivol returned to action in May to fulfil his IBF mandatory and shake off some ring rust against Germany’s Michael Eifertbut it was then believed that Bivol would proceed with his WBO mandatory and next face Liverpool’s Callum Smith, much to the frustration of Beterbiev.
Yet, in an interview with Ring MagazineBivol’s promoter, Eddie Hearn, has revealed that the 35-year-old is instead keen for a third fight with the Russian-Canadian. Therefore, he expects Bivol to vacate the WBO world title in order to make it happen, with Smith likely to rematch Joshua Buatsi for the vacant belt.
“I think it’s unlikely he will defend against Smith. I think Smith will fight Joshua Buatsi for the vacant title. But Dmitry is ready to make the Beterbiev fight.”
Smith decisioned Buatsi on the Beterbiev-Bivol II undercard in a Fight of the Year contender and Smith is yet to fight since, whilst Buatsi was seen as fortunate by some to get the decision when he returned and fought Zach Parker in November.
Smith and Buatsi could be set to top the bill of the second ‘Matchroom vs Queensberry’ event, which will likely take place in November.
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