Floyd Mayweather, Promotion Company Sue PAC Entertainment for Breach of Contract
Floyd Mayweather, Promotion Company Sue PAC Entertainment for Breach of Contract
Professional boxer Floyd Mayweather has filed a massive lawsuit against PAC Entertainment Worldwide, after the company failed to bring the fighter’s bout with YouTuber Logan Paul to Dubai.According to Fox News, Mayweather Promotions alleges that PAC failed to live up to their promise that they could host the fight in the United Arab Emirates. In their complaint, Mayweather Promotions cites “numerous business contracts,” which attested to PAC’s “financial wherewithal and capability to host a fight of this magnitude.”Courts documents suggest that PAC had “presented financial projections estimating the fight could generate guaranteed amounts for each participant, plus result in the promoters earning more than $100 million in profits after covering all purses and expenses.”Now, Mayweather Promotions claims its contracted provided a “guaranteed amount” of $110 million—but when it came time for PAC to make its first payment of $30 million in March, the entertainment company balked.
Rubber-banded rolls of hundred-dollar bills; image by Pictures of Money, via Flickr, CC BY 2.0, no changes.
Sources
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About Ryan J. Farrick
Ryan Farrick is a freelance writer and small business advertising consultant based out of mid-Michigan. Passionate about international politics and world affairs, he’s an avid traveler with a keen interest in the connections between South Asia and the United States. Ryan studied neuroscience and has spent the last several years working as an operations manager in transportation logistics.