Overview
- Ring Magazine reported Friday that IRS documents show the agency intends to ask the State Department to revoke Floyd Mayweather Jr.’s passport over what it calls a seriously delinquent tax debt exceeding $7.25 million.
- Travel limits tied to a revoked passport would put his June 27 exhibition against Mike Zambidis in Athens at risk and could derail a proposed exhibition with Mike Tyson that promoters had explored staging in the Democratic Republic of the Congo.
- Talks continue for a Sept. 19 Manny Pacquiao rematch in Las Vegas, which would not require international travel, while Pacquiao insists the bout be a sanctioned fight and not an exhibition and venues have shifted from the Sphere to MGM Grand Garden Arena or T-Mobile Arena.
- The IRS notice, sent in late March before Mayweather announced the Athens bout, outlines ways to avoid losing travel rights that include paying in full, entering an installment plan or Justice Department settlement, proving hardship or identity theft, or filing for bankruptcy.
- The documents describe a process in which the IRS certifies a seriously delinquent debt and the State Department can deny or revoke a passport until the taxpayer resolves the issue, and multiple outlets said Mayweather’s camp did not respond to requests for comment.