In February, Floyd Mayweather sent shockwaves through the headlines with a blockbuster claim: his real estate firm, Vada Properties, had snapped up 62 Upper Manhattan apartment buildings for a staggering $402 million. It was billed as his grandest deal yet, cementing his pivot from boxing to business mogul.
However, last month, a report by Business Insider dropped a bombshell on the party. The report claimed that New York City property records still show no signs of the sale, despite updates typically appearing within days. Furthermore, the plot thickened when rumors of Money being bankrupt started floating around, fueling the speculations. Despite the uproar, the Michigan-born puncher stayed quiet. However, finally, after months of silence and dodging questions, Floyd Mayweather has decided to speak out, giving fans the answers they wanted.
Floyd Mayweather’s most crucial conference ever?
On Saturday, the Real Deal Instagram page excitedly announced Floyd Mayweather’s upcoming talk at the NYC Forum on May 7, 2025, at the Metropolitan Pavilion. The event will be centered around Money’s $402 million real estate deal. “15-time world champion, will take the stage at #TRDForum on May 7th to discuss his big swings on office and multifamily portfolios as part of his quest to become one of New York’s top real estate dealmakers,” the caption read.
Moreover, the 10-image post celebrated Mayweather as a real estate powerhouse. It spotlighted his massive deal. Furthermore, the organization encouraged fans to snag the few remaining forum seats. They vowed to unpack Mayweather’s“aggressive investment in office and multifamily in the city,” the caption read. Later, Floyd Mayweather also shared the post on his Instagram story, confirming his participation.
However, will this forum address all the murky deals and put the rumors to rest, or stir up even more debate? No one knows. However, for Floyd Mayweather’s sake, let’s hope it is the former, as the mystery behind these deals is deepening with each passing day.
All the questions
A few weeks earlier, Black Wealth For Life Enterprise shared a Business Insider interview with Ayal Frist, the CEO of Vada Properties. The conversation centered around the New York City property records, which show no signs of the $402 million deal. The NYC Housing Partnership, a nonprofit tied to most of these properties, ensures apartment affordability.
However, Frist dodged questions, deferring to James McNair, a key figure in Mayweather’s ventures. Even then, the questions remained unanswered as McNair refused to go on record to discuss any particular detail. Curiously, Business Insider noted his voice differed from past recordings they had of McNair, raising doubts.
“He felt that it’s so cool because I give back to the community and I make money. And once that clicked in his head, he is like, ‘I want to buy it all,’” McNair vaguely stated. Mayweather’s real estate passion is well known. However, the recording and the Business Insider report have forced the experts to question the legitimacy of the deal.
Hopefully, the May 7th event answers all the questions, and Floyd Mayweather can move past this controversy. After all, as the wealthiest boxer of all time, the Michigan native is a financial role model younger generation. Should this deal prove shady, Money’s credibility could suffer a major blow.
The post Floyd Mayweather breaks silence as $402M Real Estate deal goes allegedly wrong appeared first on EssentiallySports.