Sports

50 Cent Blames Floyd Mayweather For Failure Of SMS Boxing Promotions

By HHL Editors
pixel_start

Last month, 50 Cent's boxing promotion company SMS filed for bankruptcy, citing debts of around $500,000.

In new legal filings, the debt is described more in the range of $2,000,000. The papers also blame the company's failings on Floyd Mayweather.

Apparently, the project was conceived as a joint venture called "The Money Team" between 50 and his then (and now again) buddy Mayweather.

However, the boxing champ got locked up on domestic abuse charges right before the company's launch, and 50 says he had no choice but to move on without him.

Now 50 is blaming the lack of promotional push that he would have received from Mayweather for why SMS promotions failed to make money.

A lot of SMS's debt is in unsecured loans to Fif himself, suggesting there are multiple legal paths to save the company.

 

pixel_end
Posted In: Sports 50 Cent

Discuss

Beef 50 Cent Goes After Michael K. Williams Over Jimmy Henchman 50 Cent Goes After Michael K. Williams Over Jimmy Henchman / Beef Sports Floyd Mayweather Responds To Khabib Nurmagomedov Fight Challenge Floyd Mayweather Responds To Khabib Nurmagomedov Fight Challenge / Sports Sports Red Hot Chili Pepper Anthony Kiedis Tried To Get At Chris Paul After Rondo-Paul Fight Red Hot Chili Pepper Anthony Kiedis Tried To Get At Chris Paul After Rondo-Paul Fight / Sports Sports Canelo Alvarez Just Signed The Richest Contract In Sports History Canelo Alvarez Just Signed The Richest Contract In Sports History / Sports Beef 50 Cent Mocks Ashanti After Almost Nobody Buys Tickets To Her Concert 50 Cent Mocks Ashanti After Almost Nobody Buys Tickets To Her Concert / Beef