Floyd Mayweather Jr‘s upcoming boxing match against Mike Tyson is in jeopardy. The IRS has notified Mayweather that it intends to revoke his passport, which means he can’t leave the country.
Mayweather reportedly owes the IRS $7.25 million in back income tax, liens and levies
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The IRS’s decision to revoke the boxing champions’ passport has major implications for his upcoming fights, including a June 27 exhibition match in Greece. He faces certain financial ruin if he can’t fly internationally.
Floyd owes the government over $7 million in cash. He has not indicated when he will pay the debt plus late fines that accrue daily.
According to documents obtained by The Ring, the IRS notified Mayweather in late March of its intent to alert the State Department over his “seriously delinquent tax debt.”
The IRS can notify the State Department to revoke a passport for debts as low as $62,000. Mayweather has an upcoming exhibition fight against Greek kickboxer Mike Zambidis. But he can’t get to Greece by plane or boat if he doesn’t have a U.S. passport.
Mayweather, 49, is also in talks with longtime rival Manny Pacquiao, 47, over a proposed September 19 exhibition. Pacquiao told The Ring magazine, “I wouldn’t fight an exhibition. It’s either a real fight or nothing.”
Sources say Floyd was forced out of retirement to fight because he’s nearly broke after decades of reckless spending.