The boxing world was rocked by an unexpected development last weekend when Floyd Mayweather, widely regarded as one of the greatest boxers of all time, saw his unbeaten 50-0 record crumble in a shocking private bout against John Gotti III.

The unpublicized matchup ended in chaos when Gotti pulled off the unthinkable: knocking Mayweather out in the eighth round, ending the former champion’s historic unbeaten run.

The fight, held in a lavish, closed-door event, seemed to be another chance for Mayweather to showcase his unmatched ring prowess, but John Gotti III, grandson of infamous mob boss John Gotti, had other plans. Gotti, known for his aggressive style and determination, kept his cool and held his own in the early rounds, seizing his moment in the eighth round. With a devastating right hand, he dropped Mayweather, who was unable to recover, handing him his first knockout loss.

The outcome of the fight was so shocking that it caused scenes of chaos inside the arena. The spectators, stunned by what they had just witnessed, began pushing and shouting, which triggered a massive police intervention to control the situation. The underground fight had reportedly been organised under extremely exclusive conditions, but the chaos that followed the knockout put an abrupt end to what should have been a luxury evening.

But what really made this event even more devastating was the financial loss that Mayweather suffered. It is estimated that the boxer had a sizable bet on the line, resulting in a loss of $135 million – a figure that has left many surprised, given that Mayweather is known for his financial savvy and ability to protect his fortune. However, this unexpected turn in his career could have a profound impact not only on his sporting legacy, but also on his long-term financial situation.

John Gotti III, meanwhile, has catapulted into the spotlight following his victory over the legendary champion. Although Gotti has not been a prominent name on the global boxing scene until now, this win immediately puts him in the spotlight, with many already speculating about his next steps within the sport. Gotti, who comes from a family with a history just as fraught as his own, appears to be building a whole new legacy – one based on sport, not organised crime.

As boxing fans and pundits alike analyze what happened, it’s clear that this event will go down in history as one of the most shocking moments in the sport. Floyd Mayweather, known for his incredible ability to avoid punches and control his opponents, has finally been defeated, and what’s next for him, both in the ring and out of it, is uncertain. The world will be watching closely to see how the former champion reacts to this devastating loss both personally and financially.