Black Spruce stuck in Floyd Mayweather, Jona Rechnitz’s legal spat
Josh Gotlib’s Black Spruce Management is stuck in the middle of a legal bloodbath between Floyd Mayweather and his former trusted adviser, Jona Rechnitz. Mayweather’s Vada Properties invested in Black Spruce’s Manhattan rental portfolio in 2024 and 2025. But the firm claims it cannot pay any distributions from the portfolio to Mayweather because of Mayweather’s ongoing lawsuit against Rechnitz, in which the former star boxer accuses Rechnitz of fraud. Black Spruce this week asked a New York state court judge to determine if a court can hold the distributions as the case is being litigated. Rechnitz, his partner Ayal Frist […]
This article originally appeared on The Real Deal. Click here to read the full story.
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