Former world champion Floyd Mayweather Jr has officially dropped his $100 million defamation lawsuit against Business Insider, bringing an end to a legal battle that lasted more than a year. The case was linked to reports questioning Mayweather’s public claims about owning a large apartment portfolio in Manhattan. According to recent reports, both parties agreed to dismiss the case permanently, while each side will cover its own legal costs. The latest development adds another chapter to the growing controversies surrounding the boxing legend’s comeback plans.The lawsuit dismissal comes at a difficult time for Mayweather, who has recently faced multiple legal and financial concerns. Reports about unpaid taxes, lawsuits related to private jet services, and rent disputes have continued to make headlines. At the same time, uncertainty still surrounds several exhibition fights involving the undefeated boxer, including proposed events against Mike Tyson and Manny Pacquiao. Questions are also being raised about whether his scheduled international appearances could be affected by ongoing financial issues and possible travel restrictions.
Floyd Mayweather lawsuit ends as doubts remain over future fights
The legal dispute began after Business Insider published a report challenging Floyd Mayweather’s claims about purchasing a 62-building apartment portfolio in Manhattan. The boxer had publicly stated through social media that he fully owned the buildings and their retail spaces without any business partners involved. However, the publication later reported that official property records did not show ownership transfers connected to the alleged deal.The article further claimed that experts familiar with New York property transactions could not find evidence suggesting the sale was close to completion. Following the report, Mayweather filed a lawsuit accusing the publication and journalist Daniel Geiger of damaging his image through unfair and misleading reporting. His legal team argued that documents proving the deal existed had been ignored intentionally.Business Insider strongly denied those allegations throughout the case. The publication argued in court that Mayweather failed to prove any malicious intent behind the reporting. Recent reports by Front Office Sports confirmed that both sides have now agreed to permanently dismiss their claims against one another.Despite ending the lawsuit, Mayweather’s off-ring problems continue. Reports recently stated that the IRS filed a $7.3 million tax lien against him. Another lawsuit involving an unpaid private jet bill worth over $100,000 is also ongoing. In addition, a separate rent-related legal dispute in New York reportedly involves more than $330,000.Meanwhile, uncertainty still surrounds Mayweather’s planned exhibitions. His proposed event against Tyson has reportedly faced delays, while questions also remain over his rematch with Pacquiao after disagreements about the nature of the contest. A planned exhibition against Greek kickboxer Mike Zambidis could also face complications if travel restrictions become an issue.
