Home' Trinidad and Tobago Guardian : July 13th 2017 Contents A42 sports
guardian.co.tt Thursday, July 13, 2017
The IRS still has Floyd May-
weather Jr on the hook for $7.2
million in taxes from 2010, ac-
cording to records that show a
lien as unresolved for the year
he fought Shane Mosley.
That's on top of the $22.2 million
the undefeated boxer nicknamed
"Money" owes in 2015 taxes for the
year he earned $200 million to fight
He brushed off the tax debt in
comments to reporters Tuesday at
the start of his tour to promote an
August 26 boxing match against Irish
MMA star Conor McGregor.
Mayweather's public bravado
about his wealth doesn't match up
with county records in Las Vegas and
his own petition to the US Tax Court
A petition filed by Mayweather last
week argues that as wealthy as he is,
he doesn't have the cash on hand to
pay his debt for 2015.
The IRS refused a direct request by
the fighter to pay in instalments un-
til he is paid for the McGregor fight,
and the agency said it intends to levy
It's the latest in a cycle for May-
weather, who paid $15.5 million in
taxes for 2001, 2003-2007 and 2009
only after the IRS filed liens against
him, according to documents filed
to the Clark County Recorder in Las
Mayweather's tax attorney, Jeffrey
Morse, said in an email to The Asso-
ciated Press that the 2010 lien is no
longer valid, despite the county court
records that show it as unresolved.
He did not say when it was resolved
or provide any further details.
"There is no tax obligation out-
standing for the 2010 tax year," Morse
Mayweather's business manager,
Leonard Ellerbe, declined to answer
questions about the tax debt, refer-
ring an AP reporter to comments
Morse made to a Mayweather-af-
Morse told Fighthype.com that
Mayweather can make more money
by paying his taxes late.
"Floyd's a savvy investor and if he
is investing money and getting a rate
of return that far exceeds what he
has to pay the IRS in interest, then
any smart business person is going
to take advantage of that deferral,"
"So we've taken advantage of that."
The tax court filing, obtained by
the AP on Wednesday, said that al-
though Mayweather "has substantial
assets, those assets are restricted and
It says he has a "significant li-
quidity event" within the next two
months --- his fight with McGregor,
which could earn him a huge purse
depending on pay-per-view sales,
though likely not the $200 million
he got for the Pacquiao fight.
The petition to tax court is an ef-
fective stalling tactic because the
court moves slowly and would need
to send a judge to Nevada to hear the
case, said Don Williamson, a pro-
fessor and chair of the accounting
department at American Univer-
sity's Kogod School of Business in
"They won't rule until after the
fight. They don't turn these things
around in 30 days," Williamson said.
However, the IRS could still seek to
withhold Mayweather's purse from
the fight by arguing that he wouldn't
pay his taxes otherwise, a claim the
agency would have to prove in court,
The IRS sent Nevada boxing regu-
lators a levy notice in 2009, ordering
that $5.6 million in unpaid taxes be
deducted from Mayweather's $10
million purse as he came out of his
first retirement to fight Juan Manuel
Marquez. The tax agency backed off
only after Mayweather agreed to pay
The Nevada Athletic Commission
did not return messages seeking
comment on Wednesday.
In the tax court filing, Mayweath-
er claims it would be too much trou-
ble to "disturb" his investments
and that the IRS would not be dis-
advantaged by letting him pay in
McGregor used the tax issue to
needle his opponent at a news con-
ference in Los Angeles on Tuesday.
"The reason he has accepted this
fight to come out of retirement is
because he has to," McGregor said.
"He's in a dire situation. That is not
a good situation to be in."
Mayweather told reporters he "al-
ready took care" of his taxes.
"I ain't worried about that," he
Texas---Florent Malouda, a vet-
eran of 80 international match-
es for France, played for French
Guiana in CONCACAF Gold Cup
on Tuesday night despite being
ruled ineligible for the tourna-
The 37-year-old midfielder cap-
tained French Guiana and played
the entire match in a 0-0 tie against
But the game is likely to be ruled a
3-0 victory by forfeit for Honduras
because Malouda was on the field.
Malouda was born in French Guiana,
played for France from 2004-12 and
scored nine international goals.
Under FIFA's rules, he would be
ineligible to play for another na-
At the club level, he helped Chelsea
win the Premier League in 2010 and
the Champions League in 2012.
CONCACAF, the governing body
for North and Central America and
the Caribbean, says it has referred the
matter to its Gold Cup disciplinary
French Guiana is an overseas de-
partment of the French Republic and
is a member of CONCACAF but it is
not a member of FIFA, soccer's world
With the match counted as a
draw, Canada leads Group A with
four points on goal difference over
Costa Rica, and Honduras and French
Guiana have one point ahead.
The top two nations in each of the
three groups advance to the quarter-
finals along with the top two third-
place teams. (AP)
Spain's tax authority says that
customs agents have boarded and
carried out an inspection of a
yacht rented by Portugal captain
In an email response to questions
by The Associated Press, the author-
ity said Wednesday that the inspec-
tion of Ronaldo's boat "forms part
of a routine check of vessels that is
carried out each summer."
It added that the inspection target-
ed the boat's owner, not Ronaldo as
its renter. The authority's aim was to
determine if the boat's owner, "in this
case a charter company," is correctly
applying a tax exemption for boats
that are available for rent, but is not
applicable once they are rented.
The story was first reported
by Spanish magazine HOLA on
Wednesday. HOLA published what
it claimed were photos of agents
boarding a yacht supposedly rent-
ed by Ronaldo in waters near the
Balearic island of Formentera. The
boat inspection is not related to an
investigation into Ronaldo's affairs
for alleged tax fraud.
The Real Madrid player is set to
be questioned by a judge on July 31
after a state prosecutor accused him
of four counts of tax fraud totalling
14.7 million euros ($16.5 million).
Ronaldo has denied any wrong-
French Guiana midfielder Florent Malouda (15) controls the ball in front of Honduras midfielder Alfredo Mejia (8)
during a CONCACAF Gold Cup football match in Houston. AP PHOTO
plays for French
Guiana in Gold Cup
Spain's tax authority inspects
yacht being rented by Ronaldo
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