Boxer Floyd “Money” Mayweather is rich. Make no mistake. But he just isn’t so liquid right now, his lawyer tells the IRS, which wants some cash due on Mayweather’s 2015 earnings. Mayweather likes to flaunt his fight earnings checks — especially to taunt his friend-turned-nemesis 50 Cent (see below) — and he’s going to use the next one to get whole with the IRS, he says in a petition.
Read this $72,276,000.00. God bless. pic.twitter.com/dpwE3X7eLR
— Floyd Mayweather (@FloydMayweather) August 23, 2014
Mayweather doesn’t want to go selling one of his many mansions to settle up when in late August he’ll fight MMA champ Conor McGregor in a bout that will pay both fighters enough to practically pay Bill Gates’s taxes. Mayweather characterizes the fight, which should net him $100 million-plus, a “significant liquidity event. Like a tidal wave, really. Law360 reports Mayweather’s petition makes this claim:
“Although the taxpayer has substantial assets, those assets are restricted and primarily illiquid. The taxpayer has a significant liquidity event scheduled in about 60 days from which he intends to pay the balance of the 2015 tax liability due and outstanding.”