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(AllHipHop News) Boxing legends Floyd Mayweather and “Sugar” Shane Mosley are teaming up to present the fund-raising event “Spring of Style” in Las Vegas next month.

The event is being sponsored by Floyd Mayweather’s Hip-Hop label, Philthy Rich Records, along with his philanthropic foundation The Floyd Mayweather Junior Foundation (TFMJF).

Proceeds from the high-profile event, which will take place during the weekend of Floyd’s bout with Miguel Coto, will benefit both boxing legends’ respective charities.

“I am committed to giving back to the community and this fundraiser will assist my foundation’s continued efforts to do so,” Floyd Mayweather told AllHipHop.com in a statement. “Shane and I are both fighting for our careers in the ring, but we are blessed to be in a position to help those less fortunate and support causes outside the ring too. I know the entire boxing world will be in town for my fight and I expect a great turnout for the event.”

According to Floyd, a number of celebrities, athletes and entertainers will attend the event, which costs $75- $100 per person.

“Everyone who is in town for the weekend can buy a ticket to attend the event,” said Mayweather. “Working together works and through the support of each and every one of us, something really positive can happen.”

Sugar Shane is also a sponsor of the “Spring of Style” event via his Diamond’s Love foundation, which was founded in honor of his nephew, Diamond J. Johnson.

Sugar Shane’s charity focuses on implementing child car seat safety programs, as well as running programs that assist single fathers raising their children.

“I am thrilled to be a part of this fight and have the opportunity to work with Floyd outside of the ring to support our charities,” Mosley added. “We both feel strongly about helping at-risk youth so the two of us coming together to better the community is a great opportunity.”

The “Spring of Style” event will take place on Thursday May 3 at MGM Grand In Las Vegas.

For more information visit: http://www.tfmjf.org