Floyd Mayweather’s bout with Mike Tyson now in serious jeopardy

TL;DR

Floyd Mayweather's exhibition bouts with Mike Tyson and Mike Zambidis are in jeopardy due to a $7.25 million tax debt with the IRS, which may revoke his passport.

Key points

Floyd Mayweather has a $7.25 million tax debt with the IRS.
The IRS intends to revoke Mayweather's passport.
Mayweather's bouts with Mike Tyson and Mike Zambidis are in jeopardy.
The exhibition with Zambidis is scheduled for Athens, Greece.
The bout with Tyson was planned for the Democratic Republic of the Congo.

Mentioned in this story

Floyd MayweatherMike TysonMike ZambidisAthensDemocratic Republic of the Congo

If you were hoping to see Floyd Mayweather Jr. square off in an exhibition bout with fellow boxing legend Mike Tyson, your hope is about to take another hit.

It appears Mayweather has an issue with the IRS that could completely thwart a possible bout with Tyson, and cancel his scheduled bout with Mike Zambidis on June 27.

According to Mike Coppinger of Ring Magazine, Mayweather owes the IRS around $7.25 million in delinquent tax debt and the government agency intends to revoke his passport.

“Floyd Mayweather’s planned exhibitions vs. Mike Zambidis and Mike Tyson are in jeopardy after the IRS notified him of its intention to have his U.S. passport revoked due to a seriously delinquent tax debt upward of $7.25 million, according to documents reviewed by [Ring Magazine],” Coppinger reported.

This is a major issue for both bouts because Mayweather is slated to fight Zambidis in Athens, Greece, and the exhibition with Tyson was supposed to take place in the Democratic Republic of the Congo.

Mayweather has multiple ways to prevent getting his passport revoked by the IRS, including paying the debt in full or working out an agreement to pay it in installments.

“Among the ways Mayweather can prevent the passport revocation, he can either pay the debt in full; reach an installment agreement or settle with the Department of Justice; establish his tax debt isn’t collectible because of financial hardship or the result of being a victim of identity theft; file for bankruptcy,” Coppinger wrote.

Does Floyd Mayweather have money issues?

This seems like a crazy question to ask given the fact that it’s estimated Mayweather made over $1.1 billion during his boxing career.

Q&A

What is the reason for Floyd Mayweather's exhibition bouts being in jeopardy?

Floyd Mayweather's bouts are at risk due to a $7.25 million delinquent tax debt with the IRS, which may lead to the revocation of his passport.

How much does Floyd Mayweather owe the IRS?

Floyd Mayweather owes the IRS approximately $7.25 million in delinquent tax debt.

Where were Floyd Mayweather's planned exhibition bouts supposed to take place?

Mayweather's exhibition bout with Mike Zambidis was scheduled for Athens, Greece, while the bout with Mike Tyson was set for the Democratic Republic of the Congo.

What could happen if the IRS revokes Mayweather's passport?

If the IRS revokes Mayweather's passport, it could prevent him from traveling to participate in his scheduled exhibition bouts.