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SPORTS Thursday 13 July 2017

Mayweather has history of tax woes; $7M from 2010 unresolved

By BEN NUCKOLS
AP Sports Writer
WASHINGTON (AP) — The
IRS still has Floyd May-
weather Jr. on the hook
for $7.2 million in taxes
from 2010, according to
records that show a lien as
unresolved for the year he
fought Shane Mosley.
That’s on top of the $22.2
million the undefeated
boxer nicknamed “Mon-
ey” owes in 2015 taxes for
the year he earned $200
million to fight Manny Pac-
quiao. He brushed off the
tax debt in comments to
reporters Tuesday at the
start of his tour to promote
an Aug. 26 boxing match
against Irish MMA star
Conor McGregor.
Mayweather’s public bra-
vado about his wealth
doesn’t match up with
county records in Las Ve-
gas and his own petition to
the U.S. Tax Court in Wash-
ington.
A petition filed by May-
weather last week argues Floyd Mayweather Jr., left, and Conor McGregor pause for photos during a news conference at Staples Center on Tuesday, July 11,
2017, in Los Angeles. The two will fight in a boxing match in Las Vegas on Aug. 26.
that as wealthy as he is, he Associated Press
doesn’t have the cash on
hand to pay his debt for ed Press that the 2010 lien make more money by pay- event” within the next two the fight. They don’t turn
2015. The IRS refused a di- is no longer valid, despite ing his taxes late. months — his fight with Mc- these things around in 30
rect request by the fighter the county court records “Floyd’s a savvy investor Gregor, which could earn days,” Williamson said.
to pay in installments until that show it as unresolved. and if he is investing money him a huge purse depend- However, the IRS could
he is paid for the McGregor He did not say when it was and getting a rate of return ing on pay-per-view sales, still seek to withhold May-
fight, and the agency said resolved or provide any fur- that far exceeds what he though likely not the $200 weather’s purse from the
it intends to levy May- ther details. has to pay the IRS in inter- million he got for the Pac- fight by arguing that he
weather. “There is no tax obligation est, then any smart business quiao fight. wouldn’t pay his taxes oth-
It’s the latest in a cycle for outstanding for the 2010 person is going to take ad- The petition to tax court is erwise, a claim the agency
Mayweather, who paid tax year,” Morse wrote. vantage of that deferral,” an effective stalling tactic would have to prove in
$15.5 million in taxes for Mayweather’s business Morse said. “So we’ve tak- because the court moves court, Williamson said.
2001, 2003-2007 and 2009 manager, Leonard Ellerbe, en advantage of that.” slowly and would need to The IRS sent Nevada box-
only after the IRS filed liens declined to answer ques- The tax court filing, ob- send a judge to Nevada ing regulators a levy notice
against him, according tions about the tax debt, tained by the AP on to hear the case, said Don in 2009, ordering that $5.6
to documents filed to the referring an AP reporter to Wednesday, said that al- Williamson, a professor and million in unpaid taxes be
Clark County Recorder in comments Morse made to though Mayweather “has chair of the accounting deducted from Mayweath-
Las Vegas. a Mayweather-affiliated substantial assets, those department at American er’s $10 million purse as he
Mayweather’s tax attor- website. assets are restricted and University’s Kogod School came out of his first retire-
ney, Jeffrey Morse, said in Morse told Fighthype. primarily illiquid.” It says he of Business in Washington. ment to fight Juan Manuel
an email to The Associat- com that Mayweather can has a “significant liquidity “They won’t rule until after Marquez.q