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Ladybbird · 06-08-12, 03:40

Floyd Mayweather: "Money" Hits Alabama Casino with a $61 Million Lawsuit

By BleachersReport, 4 August 2012

Al Bello/Getty Images

Undefeated pound-for-pound great Floyd Mayweather, Jr., will be getting out of jail in the next four days, but that didn't stop him from filing a claim that a now-defunct Alabama casino owes the five-division champ a whopping $61 million (per WDEF.com).

The claim against Country Crossing is that the company failed to pay Mayweather back $4 million he loaned them in May of 2010. The claim also stated that the original amount plus an additional $1 million would be paid back to Mayweather on June 21, 2010.

As for the extra $57 million in the suit, the agreement was that if Resorts Development Group II LLC (RDG)—the company who owned the Country Crossing—didn't pay back the $5 million by the original due date, an additional $100,000 would be added to the amount each day the loan was late.

If Mayweather will ever see any of that money is unclear, as Resorts Development Group filled for Chapter 11 bankruptcy earlier this year.

Mayweather is not the only athlete that has a case against RDG, as former NFL players, Clinton Portis and Terrell Owens have their own separate cases against the firm (per Dothan Eagle.com).

Country Crossing closed in January of 2010 but reopened as Center Stage in the Summer of 2011. It was raided for electronic bingo machines earlier this month.

06-08-12, 03:40	#1
Ladybbird Join Date: Feb 2011 Posts: 47,639 Thanks: 27,645 Thanked 14,458 Times in 10,262 Posts Awards Showcase Total Awards: 8	Mayweather Sues Casino for $61 Million Floyd Mayweather: "Money" Hits Alabama Casino with a $61 Million Lawsuit By BleachersReport, 4 August 2012 Al Bello/Getty Images Undefeated pound-for-pound great Floyd Mayweather, Jr., will be getting out of jail in the next four days, but that didn't stop him from filing a claim that a now-defunct Alabama casino owes the five-division champ a whopping $61 million (per WDEF.com). The claim against Country Crossing is that the company failed to pay Mayweather back $4 million he loaned them in May of 2010. The claim also stated that the original amount plus an additional $1 million would be paid back to Mayweather on June 21, 2010. As for the extra $57 million in the suit, the agreement was that if Resorts Development Group II LLC (RDG)—the company who owned the Country Crossing—didn't pay back the $5 million by the original due date, an additional $100,000 would be added to the amount each day the loan was late. If Mayweather will ever see any of that money is unclear, as Resorts Development Group filled for Chapter 11 bankruptcy earlier this year. Mayweather is not the only athlete that has a case against RDG, as former NFL players, Clinton Portis and Terrell Owens have their own separate cases against the firm (per Dothan Eagle.com). Country Crossing closed in January of 2010 but reopened as Center Stage in the Summer of 2011. It was raided for electronic bingo machines earlier this month. __________________ PUTIN TRUMP & Netanyahu Will Meet in HELL ..................*SHARKS are Closing in on TRUMP*.......................... *TRUMP WARNS; 'There'll Be a Bloodbath* If I Don't Get Elected'..MAGA - MyAssGotArrested...IT's COMING** PLEASE HELP THIS SITE..Click DONATE & Thanks to ALL Members of ... 1.. THIS SITE IS MORE THAN JUST WAREZ...& TO STOP SPAM-IF YOU WANT TO POST, YOUR FIRST POST MUST BE IN WELCOMES

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