Floyd Mayweather Responds To Reported Financial Issues
Floyd Mayweather commented on recent news of the boxer having financial issues as well as a reported $402 million real estate deal
After recent reports of retired boxer Floyd Mayweather having financial issues and doubts of a real estate deal he claims he invested $402 million in, he commented on the whispers going around about him at a recent real estate forum in New York City.
According to The Real Deal, the pugilist expressed his views on the news that has been reported in recent weeks, as he appeared at The Real Deal’s New York City Forum. In typical Mayweather fashion, he responds while onstage when it comes to the questioning of his financial status.
“Everybody is entitled to their own opinion, but if that’s what you call having two private jets, owning 100 buildings, and being able to do what you want, then I’m pretty sure everybody is going bankrupt,” he stated.
The speculation about Mayweather’s real estate dealings was published in a report by Business Insider. In March, the media outlet discovered that the sale that Mayweather mentioned on his social media account may not have taken place. The Real Deal previously reported that the retiree had invested $402 million into a 1,000-unit affordable housing portfolio with more than 60 buildings in Manhattan. The deal was reportedly made with Josh Gotlib of Black Spruce Management. The media outlet stated that the multifamily deal for properties is concentrated in Upper Manhattan and would be one of the city’s biggest deals this year.
Yet, Business Insider stated that after the boxer’s announcement, there was no evidence or paperwork of a sale of that magnitude happening based on property records in New York City. They reported that a spokesperson from the NYC Housing Partnership stated that it has not been alerted of a pending sale.
Based on the more detailed article from the media outlet, Mayweather has filed a lawsuit against Business Insider. He told the audience at the forum that it’s his first time suing a media company.
“This is my first time ever filing a lawsuit against a media company for speaking bad about my company,” Mayweather said. “I work hard to build my name, to build my reputation and I’m not gonna let anyone go out there and smear my name.”
Floyd Mayweather Responds To Reported Financial Issues