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TMT Promotions Already on Their Way Out of Boxing? - Boxing News
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 Last update:  9/12/2012       Read more by Rick Reeno         
   
TMT Promotions Already on Their Way Out of Boxing?
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By Rick Reeno

Multiple sources have advised BoxingScene.com that TMT Promotions, the promotional company recently started by rapper 50 Cent, is already closing shop.

Back in July, 50 Cent announced the formation of TMT Promotions, and quickly signed Yuriorkis Gamboa, Billy Dibb, Celestino Caballero and Andre Dirrell. He also obtained a promoter's license in New York and Las Vegas.

There was talk of friction between 50 Cent and Mayweather, but never confirmed.

The lawyer for featherweight champion Billy Dib was reportedly advised by attorney Sekou Gary, that "50 Cent was no longer in boxing" and his promotional contract was being moved to Mayweather Promotions. Gary represented Gamboa when he left Top Rank for TMT. He currently represents James Kirkland in his lawsuit against Golden Boy.

Gary declined comment when reached Wednesday night by BoxingScene.com.

A manager involved with another TMT boxer told BoxingScene - "we have no idea what's going. Everything is up in the air right now."

Tags: Floyd Mayweather Jr. , 50 Cent


 

 User Comments and Feedback (must register to comment)

comment by leonthegee, on 09-14-2012
[QUOTE=subtle]Yup, Floyd's a masterful marketing genius! -Philthy Rich Records (bankrupt) -Lottery Soda (bankrupt) -Mayweather Promotions (bankrupt) ouch. "M-must......defend.....Floyd.....at.........all....c-costs...!"[/QUOTE] Mayweather Promotions bankrupt? Thats funny I saw th...

comment by subtle, on 09-13-2012
[QUOTE=leonthegee]GBP is a big outfit. 2 companies represent 90% of the talent out there. Learn how to run a business and get off your mamas couch before you start throwing stones.[/QUOTE] Yup, Floyd's a masterful marketing genius! -Philthy Rich Records (bankrupt) -Lottery Soda (bankrupt) -Mayw...

comment by leonthegee, on 09-13-2012
[QUOTE=subtle]At the end of the day, the peasants need help from the top dogs, always begging for scraps. TMT needed the help of GBP the whole time, just like Mayweather Promotions does.[/QUOTE] GBP is a big outfit. 2 companies represent 90% of the talent out there. Learn how to run a business...

comment by subtle, on 09-13-2012
At the end of the day, the peasants need help from the top dogs, always begging for scraps. TMT needed the help of GBP the whole time, just like Mayweather Promotions does.

comment by ddangerous, on 09-13-2012
I'm holding my tongue until more credible information surfaces besides just hearsay. I have a hard time believing Jackson is already throwing in the towel after getting some real momentum going.

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