Floyd Mayweather says the Logan Paulfight was supposed to go down in Dubai — but the org. he teamed up with to put on the event dropped the ball … and now his company is suing for more than $120 MILLION!!
TMZ Sports obtained the lawsuit, filed by Mayweather Promotions, alleging a company called PAC Entertainment Worldwide approached them about hosting the event in Dubai at an undisclosed date in 2021.
Mayweather Promotions claims PAC claimed to have “numerous business contacts in Dubai” and “had the financial wherewithal and capability to host a fight of this magnitude.”
Most importantly, Mayweather Promotions says PAC “presented financial projections estimating the fight could generate guaranteed amounts for each participant, plus result in the promoters earning more than $100 million in profits after covering all purses and expenses.”
Mayweather Promotions admits it was impressed with the pitch and claims it ultimately signed a deal requiring PAC to pay a minimum guaranteed amount of $110 MILLION on a “prescribed payment schedule.”