After winning Boxing Match, Mayweather Faces Legal Fight /Phresh
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After winning Boxing Match, Mayweather Faces Legal Fight

September 21st, 2009 | by Staff
Floyd Mayweather faces off against Juan Manuel Marquez in his first fight since retiring from boxing last year
Floyd Mayweather faces off against Juan Manuel Marquez in his first fight since retiring from boxing last year.

Fresh off his impressive return to the boxing ring and the defeat of Juan Manuel Marquez on Saturday (Sept. 19), lawyers are lining up to do battle with fighter Floyd Mayweather Jr. over unpaid bills.

A Las Vegas law firm filed a lawsuit against Mayweather for $10,000, plus interest and cost, money owed following a real estate deal.

Meanwhile, lawyers for JP Morgan Chase Bank filed suit claiming Mayweather, who retired from the boxing last year and dominated his opponent in his first fight since returning to the sport, owes more that $167,000 after defaulting on an auto loan.

Mayweather took out a loan in April 2007 to purchase a $512,184 Maybach 57S and agreed to make monthly payments of $9,077, but began to miss payments as early as February of 2008. By January 2009 Mayweather had fallen more than $36,000 behind in payments and still owed $363,000 on the loan, leading to the vehicle being repossessed, it fetched $196,000 at auction. JP Morgan Chase’s lawsuit seeks the $167,192 –the remaining balance on the loan on the, plus unspecified legal expenses.

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