Money Mayweather owes more money
by SC on Sep 15, 2009 5:14 AM EDT
in News Analysis
3 comments
JP Morgan Chase Bank has filed suit in Nevada against Floyd Mayweather Jr., who reportedly owes about $167,000 on a Maybach 57S that he purchased in February 2007. ("Purchased" may not be the word I want...)
Caleb Langsdale, a lawyer for JP Morgan Chase Bank, said in a lawsuit filed last week in Clark County District Court that the former five-division boxing champion bought the Mercedes Maybach 57S in February 2007 and stopped making monthly payments of more than $9,000 a year later.
The bank repossessed the vehicle in January, sold it for $196,000, and is seeking to recoup the difference, the lawsuit said.
A lawyer for Mayweather did not immediately respond Monday to a message seeking comment from The Associated Press. A representative for Mayweather said the boxer and his manager were not available.
...Mayweather borrowed more than $415,000 at 16 percent annual interest to buy the $528,000 sedan, according to a copy of the contract attached to the lawsuit.
A letter to Mayweather said he owed $363,000 when the car was repossessed, court documents said.
Look, I'm not slamming Mayweather when I say this, but there is absolutely no doubt whatsoever that he needs the money, is there? Add this to the $6 million-plus he reportedly owes the IRS, and every "No, that's not true!" from Floyd and Leonard Ellerbe just keeps seeming like a bigger and bigger pile of BS.
And I really mean I'm not slamming Floyd. Dude's job is boxing, so he's going to box. But of course he came back in large part because of the money. Anyone that believes otherwise is being naïve, really.
As much as I'm trying not to take shots, he should really reconsider that new nickname he gave himself a while back, and also, he should probably not go on "24/7" with such boastful statements as, "We got the big boy mansion, we got Lambos, we got Rolls Royces, we got a lot of stuff, but guess what? The difference between me and everybody else — my s**t is paid for, what about yours?"
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He should amend his name to Moneyless.
We all knew he was broke you don’t fuck around with the IRS if they don’t get their money you have to make sure you tell them you’re going to pay every penny back or they will take everything you own without a second thought.
He’s obviously broke and desperately needs the money and with the Marquez fighting selling so bad soon he will be on his knees beggging Pacman for the big money fight. A fitting end to Floyds legacy.
by MannyPacquiao on Sep 15, 2009 6:28 AM EDT reply actions 0 recs
LOLOLOLOLOLOLOLL!
Mike Goldberg: "You know Joe, When Matt and his brother Mark Hughes were growing up, they would pound each other behind the barn."
by xFenixKnightx on Sep 15, 2009 9:26 AM EDT reply actions 0 recs
This is why I try to NEVER listen to what professional athletes say & only watch what they do.
For once though, Floyd comes off as less than a d*ck on the show (only saw 2nd & 3rd ep).
by frickshun on Sep 15, 2009 11:35 AM EDT reply actions 0 recs
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