Floyd Mayweather has stepped back from his fitness franchise amid mounting legal troubles, with a new buyer taking control of the once-booming chain.
The deal sees Utah-based Giant Ideas assume ownership of Mayweather Boxing + Fitness, giving the company control of more than 70 studios across the U.S. and overseas markets.
However, GI CEO Rob Scott says the brand will avoid the ‘breakneck expansion’ strategies that have caused other franchise systems to collapse.
“The mission isn’t just to grow, it’s to build something unshakable,” said Scott to AthleteTechNews. “We’re building a system that lasts. One that works for our members, our coaches, and most importantly, our franchise partners.”
The Lawsuits Behind the Business Sale
Neither party disclosed financial terms for the deal, but the timing is significant. In June, Business Insider revealed that dozens of Mayweather Boxing + Fitness gyms had shut down in the past two years.
On top of that, four separate franchisees have filed lawsuits against the company, Mayweather, and its co-founders.
Scott, who has been critical of the current franchise model, insists that too many operators focus on ‘selling the dream’ rather than delivering real results. His approach, he says, will prioritize operational excellence and franchisee success over new unit sales.
“We see growth coming naturally, through word of mouth, licensing, and strong unit economics,” he added.
The Future of Mayweather’s Empire
For Mayweather, the offload marks another shift away from the boxing legend’s post-ring business empire as the brand tries to repair its fractured foundation.
Mayweather still owns numerous property portfolios, a skating rink, and a gentleman’s club called ‘Girl Collection.’
Despite the fitness setback, Mayweather has many other irons in the fire as his time in the ring comes to a close. ‘Money’ last fought a year ago in Mexico against John Gotti III in a rematch of a previous Miami bout that erupted into a brawl.
Fans and media have since questioned whether Mayweather could make a stunning professional comeback after witnessing Manny Pacquiao draw with current WBC welterweight champion Mario Barrios last month at the age of 46.
Mayweather, who is a grandfather, turns 49 in February 2026.
About the Author
Phil Jay is a veteran boxing journalist with over 15 years of experience covering the global fight scene. As Editor-in-Chief of World Boxing News since 2010, Jay has interviewed dozens of world champions and reported ringside on boxing’s biggest nights. [View all articles by Phil Jay] and learn more about his work in combat sports journalism.