Advertisement

Does Floyd Mayweather have enough 'Money' to buy NBA franchise?

By
Alex Butler
Former World Boxing Champion Floyd Mayweather (R) takes photos during a break in the action between the USA vs Argentina Men's Quarterfinal basketball game at the 2016 Rio Summer Olympics on August 17 in Rio de Janeiro, Brazil. File photo by Mike Theiler/UPI
Former World Boxing Champion Floyd Mayweather (R) takes photos during a break in the action between the USA vs Argentina Men's Quarterfinal basketball game at the 2016 Rio Summer Olympics on August 17 in Rio de Janeiro, Brazil. File photo by Mike Theiler/UPI | License Photo

May 5 (UPI) -- "The Money Team" has eyes on an NBA franchise, according to Floyd Mayweather.

The undefeated welterweight boxing champion recently met up with Los Angeles Lakers vice president of basketball operations Magic Johnson to discuss the idea.

Advertisement

"Just had a great meeting with @magicjohnson," Mayweather wrote on Instagram. "It's about time for me to buy an NBA team. if you're ready to sell your NBA team, please get in touch with me. #TMT #Michigan #LivingLegends #Businessmen."

Mayweather, 40, was born in Grand Rapids, Mich. The 57-year-old Johnson is a Lansing, Mich., native.

RELATED Christian McCaffrey, Carolina Panthers agree on four-year deal

"Hanging out with Floyd 'Money' Mayweather, boxing world champion and an excellent businessman," Johnson wrote on social media.

"Money" Mayweather is 49-0 with 26 KOs during his career, but is now retired. He has been rumored to be in talks to fight UFC star Conor McGregor for months, but nothing has materialized. His last official fight was a 2015 win against Andre Berto. He defeated Manny Pacquiao on May 5, 2015.

The Atlanta Hawks sold for $850 million in 2015 to an investment group led by Anthony Ressler. Ressler has a net worth of $1.59 billion, according to Forbes. In 2014, Microsoft CEO Steve Ballmer bought the Los Angeles Clippers for $2 billion, according to the Los Angeles Times.

Advertisement
RELATED NFL rookie RB Leonard Fournette buys mom $110,000 Mercedes

Forbes named the New York Knicks as the NBA's most valuable franchise at $3.3 billion. The report valued the Lakers at $3 billion.

Ballmer is worth an estimated $31.5 billion, while Mayweather is worth about $400 million, according to Celebrity Net Worth.

RELATED Tampa Bay Buccaneers release statement on Doug Martin car accident

Latest Headlines