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Old 07-30-2012, 10:50 PM
AutoNut Man AutoNut Man is offline
Join Date: Feb 2005
Posts: 1,190
Default Boxer Floyd Mayweather, Alabama casino owner owes $61M

DOTHAN, Ala. (AP) Professional boxer Floyd Mayweather, Jr. has filed a $61 million claim in the bankruptcy case of a company associated with closed Country Crossing casino near Dothan.

Mayweather filed the claim in federal bankruptcy court against Resorts Development Group II LLC, which owns the bingo pavilion, bed and breakfast and amphitheater. The Dothan Eagle reports that Mayweather's claim says he loaned $4 million to the company on May 14, 2010, and he was supposed to be paid his initial investment plus $1 million in interest by June 21, 2010. The loan provides for interest of $100,000 per day if the loan is late, which is how Mayweather accounts for the $61 million claim.

Country Crossing reopened last summer as Center Stage, but its casino closed last week following a raid.
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