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.