Leonard Ellerbe, who serves as CEO of Mayweather Promotions, the former boxer’s promotional firm, told ESPN that Mayweather “is definitely paying for the funeral.”
He told the sports network Floyd's family has accepted the former boxer's offer.
He also said Mayweather will “probably get mad at” him for leaking the news, but added that the former boxer “has done these kind of things over the last 20 years.”
Floyd died at the age of 46 last week shortly after an officer was seen in now-viral footage kneeling on his neck during an arrest in Minneapolis. In footage from the arrest, which has since sparked a wave of protests against police brutality, Floyd can be heard saying he couldn’t breathe as the officer continued to kneel on his neck.
In the days since his death, his family has seen an outpouring of donations to help them cover expenses for funeral services for Floyd and other costs.
One GoFundMe page set up by his brother, Philonise Floyd, has raised over $8.2 million in just five days.
On the page, Floyd’s brother said the fund was created “to cover funeral and burial expenses, mental and grief counseling, lodging and travel for all court proceedings, and to assist our family in the days to come as we continue to seek justice for George.”
“A portion of these funds will also go to the Estate of George Floyd for the benefit and care of his children and their educational fund,” the page also said.