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Floyd Mayweather’s Money Stuck in Legal Limbo | Real Estate News
Floyd Mayweather’s real estate hustle just hit a legal snag: his Manhattan rental investments, managed by Black Spruce, are frozen in limbo as he sues ex-advisor Jona Rechnitz for fraud. Black Spruce can’t pay Floyd without risking lawsuits from Rechnitz, who claims 20% of distributions — and Floyd won’t accept payments to someone he’s suing. The fallout? Floyd’s big 2024 property plays — including a rumored $400M affordable housing deal and luxury Manhattan stakes — turned out to be partial investments, with the latter already sold. With Rechnitz’s team pushing back and a judge yet to rule…
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