Boxer invested $4M in Country Crossing
Published 12:00 am Thursday, August 5, 2010
DOTHAN (AP) — Boxer Floyd Mayweather invested $4 million in the now closed Country Crossing development and casino in Dothan and says he wants that money back plus $1 million in interest.
The Dothan Eagle reported Wednesday that Mayweather was to be paid the $5 million, including $1 million in interest, on June 21 by Ronnie Gilley Entertainment and Resorts Development Group II, which built Country Crossing.
A spokesman for Country Crossing, Jay Walker, said Mayweather would have been paid if the casino had not been shut down in January by Gov. Bob Riley’s gambling task force. Walker said he believes Country Crossing will be able to pay its investors next year, when he expects the casino will reopen.
Mayweather is believed to be one of several athletes who have invested in Country Crossing.