Thursday, January 22, 2009

Money Mayweather? Not So Much

You know the times are bad when the economic downturn starts making people to change their names. Floyd Mayweather Jr. might want to consider downgrading his nickname from Money to Change. It was only several months ago that he was making it rain in the club with $30,000. Now we find out that he's having huge money problems.

Boxing Scene reports that Mayweather owes the IRS $6.1 million in back taxes from 2007 and the agency has placed a lien against him for that amount. If he doesn't pay them in a timely fashion, the amount could increase by $500,000 a year.

Mayweather has been taking it from all sides since he made it rain in July. The last half of 2008 financially beat the former champion like his name was Javon Walker.
August: Las Vegas home was robbed of $7.1 million in jewelry
September: Sued by real estate developer for backing out of deal to buy a house
October: Economic crash drops real estate value by more than 30%
Oscar de la Hoya and Floyd Mayweather Sr. have alluded to Floyd Jr.'s profligate spending habits and money issues. It's rumored that he gambles absurd amounts on sports in addition to having over 20 luxury cars. At this rate, he'll be forced to get back into the ring to pay off his debts. Hopefully he doesn't let himself go like Mike Tyson before that happens. The idea of Mayweather-Pacquiao matchup sounds pretty good right now.

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