Floyd Mayweather it says Logan Paul struggle was to go down in Dubai ̵
1; but the organization. he went along with putting 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 that a company called PAC Entertainment Worldwide approached them to host the event in Dubai on an unknown date in 2021.
Mayweather Promotions claims that the PAC claimed to have “several business contacts in Dubai” and “had the financial and ability to host a match of this magnitude.”
Most importantly, Mayweather Promotions says that the PAC “presented financial projections that estimated that the match could generate guaranteed amounts for each participant, plus result in the organizers earning more than $ 100 million in profits after covering all wallets and expenditure. “
Mayweather Promotions admits it was impressed with the course and claims that it eventually signed a deal that required the PAC to pay a guaranteed minimum amount of $ 110 MILLION on a “prescribed payment plan.”
Mayweather Promotions claims that the first payment of $ 30 million was due on March 25, 2021 – but the money never came.
Mayweather Promotions claims that the unpaid payment triggered a clause that allowed the MP to terminate the deal while still demanding that the PAC reject as much as $ 110 million.
In suit, Mayweather Promotions claims that they were left to fight to make new battle plans – and eventually reached an agreement on move the fight to Miami on June 6th.
Mayweather Promotions is suing for breach of contract – claiming at least $ 122.6 million in damages.
We reach the PAC for comment – and will be updated if we hear back.