Floyd Mayweather to use Conor McGregor fight to pay off 2015 tax bill

Floyd Mayweather’s motivation to climb back in the ring and fight UFC champion Conor McGregor may have been revealed. The undefeated former world champion says he can’t pay off his tax liability from 2015 until he fights the Irishman in August.

The Law360 website reports that according to a tax petition filed on 5 July, the 40-year-old has asked the IRS to delay his payments until he picks up his purse from August’s fight. “Although the taxpayer has substantial assets, those assets are restricted and primarily illiquid,” the petition said. “The taxpayer has a significant liquidity event scheduled in about 60 days from which he intends to pay the balance of the 2015 tax liability due and outstanding.”

The Mayweather-McGregor farce is the event our idiocracy deserves

It is not known how much Mayweather owes but he settled a $6.2m lien he had from 2007 after fighting Juan Manuel Marquez in 2009. He is estimated to have earned $220m from his fight against Manny Pacquiao in 2015, and similar sums have been discussed for the McGregor about. Mayweather has never been shy of discussing his spending. He has been known to spend $1m betti** on single sporting events, and his collection of watches is worth $6.4m alone.

The promotional tour for the fight starts this week in Los Angeles, and will also take in New York, Toronto, and London.

In a hype video released this week, McGregor said he expected to win easily: “I’m going to be ruthless in there,” McGregor says. “My fist is just going to break his whole face and that’s it.”

The Brazilian forward is a top target for Ligue 1 giants PSG and any deal to take him to the French capital would see a new benchmark set when it comes to the world’s most expensive transfer fees.

Mayweather has won all 49 of his professional fights and is a five-division world champion. McGregor has never boxed professionally.

Floyd Mayweather: Jeff Horns upset win proves anything can happen in boxing

FLOYD Mayweather says he fears UFC star Conor McGregor could do a “Jeff Horn’’ and spring a huge upset ahead of what looms as the biggest fight in history.

Mayweather fights the wild Irishman under boxing rules in Las Vegas on August 26 in a fight that is predicted to generate more than a $1 billion in revenue, eclipsing Mayweather’s points defeat over Manny Pacquiao in 2015.

FLAT START: CONOR, FLOYD’S ‘TRAINWRECK’ LASHED

And while Mayweather is a raging hot favorite to give McGregor a boxing lesson, he says Horn has once again proved that in boxing “anything can happen’’.

Americans are entranced by battling, by the subject of "who can kick whose bu*t," an articulation, which obviously, shouts out for examination and therapy. When I was a young fellow in the seventies, there was dependably an inquiry among the male assembly as to which road battling workmanship was incomparable, boxing or wrestling? The agreement was dependably—don't disturb the boxer. It was for exactly that reason that I turned into a boxer.

“It’s just like the Pacquiao situation,’’ Mayweather told fightype.com.

“I think Pacquiao was focused on fighting (me) again. No one gave Jeff Horn a chance — he’s a schoolteacher who was bullied — now he’s world champion.

“So anything can happen in boxing and Conor McGregor is a warrior.’’

While the Horn-Pacquiao fight, which drew 51,025 people to Suncorp Stadium on July 3, was a thriller that left both men bloodied, Mayweather admits he shut down Pacquiao’s attack two years ago, making it a dull fight.

“I never said the Pacquiao fight would be my most exciting,’’ Mayweather said. “I just said I would find a way to win. But Manny Pacquiao is a legend. He made his mark in boxing.’’

Horn has spent much of this week in America predicting a Mayweather victory next month and declaring that he would love a crack at the highest paid athlete in the fight game.

“To get a fight with Mayweather would be massive,’’ Horn said. “My trainer Glenn Rushton is already working on a plan to beat him. And why not? I just beat Manny Pacquiao.’’

Canelo Alvarez will fight Miguel Cotto this November 21

Miguel Cotto and Canelo Alvarez are both prepared to face each other on November 21 at the Mandalay Bay Events, Las Vegas for the Middleweight Championship.

Recently, Canelo’s hand speed videos are released all over the internet. The video shows how much Canelo is ready to square off Cotto inside the ring. He has improved his hand speed undoubtedly. More so, this just keeps the excitement even better. Fans across the globe are expecting to witness action-packed match up between the two. For several months of training, Canelo is evidently equipped with strength, endurance and power to show an improvement of his past performances.

The mega fight between Cotto and Canelo is the most anticipated boxing match of the year, following the disappointment of fans of the Mayweather-Pacquiao bout last May. Fans are hungry for a real boxing scene that outshines the rest.

Now the Mexico-Puerto Rico rivalry is up again for an ultimate battle. These nations are definitely proud of both Cotto and Canelo in bringing honor to each hometown. With a few days left before the bout, the two continue to believe in oneself to claim the victory. Make sure to secure Cotto vs Canelo tickets before it will be sold out. Let us be part of another history in boxing.