Floyd Mayweather petitions IRS for tax reprieve until after Conor McGregor fight

A SEPT. 12 2014 FILE

According to Bryan Koenig of Law360, Mayweather's filing claimed that while he has "substantial assets", those assets are "primarily illiquid".

Showtime will broadcast the fight live on pay-per-view in the United States and the price of the PPV is expected to be around $99.95.

The IRS contends that Mayweather does have the means to immediately "fully or partially pay the liability", by selling property or using funds from bank accounts or taking out a loan. Mayweather has not fought since beating Andre Berto in September 2015. Bettors would have to put up $600 to get a $100 profit on Mayweather, and would need $100 to get a $400 profit on McGregor, according to the Odds Shark money line.

On Tuesday, the venue officially switched from hosting the BIG3 Championship game to the Mayweather-McGregor fight on that night.

Apparently the guy known for flashing stacks of cash on social media lacks the liquid assets to pay his taxes.

Floyd "Money" Mayweather's 2015 taxes are now 15 months overdue. If anyone was questioning whether to buy the fight, I'm sure the next four days will go a long way in changing minds. That's fine, you can crunch numbers all day but in the end, my empire is rock solid and intact! It's slated for Aug. 26 in Las Vegas. "I don't know. I think it's going to be more like a boxing press conference than it is our press conferences".

Floyd Mayweather and Conor McGregor just took another step toward putting on the most lucrative fight in sports history. However, the basketball league said it agreed to move its event after promoters made "a generous offer that we could not refuse".

And it has now emerged that Mayweather is behind on his taxes and has asked for an exemption until after the McGregor fight.

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