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TMT Promotions Already on Their Way Out of Boxing?

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."

User Comments and Feedback (Register For Free To Comment) Comment by leonthegee on 09-14-2012

[QUOTE=subtle;12507871]Yup, Floyd's a masterful marketing genius! -Philthy Rich Records (bankrupt) -Lottery Soda (bankrupt) -Mayweather Promotions (bankrupt) ouch. [B]"M-must......defend.....Floyd.....at.........all....c-costs...!"[/B][/QUOTE] Mayweather Promotions bankrupt? Thats funny I saw their banner flying high on Showtime last weekend. Nice try troll.

Comment by subtle on 09-13-2012

[QUOTE=leonthegee;12507865]GBP is a big outfit. 2 companies represent 90% of the talent out there. [B][SIZE="5"]Learn how to run a business[/SIZE][/B] and get off your mamas couch before you start throwing stones.[/QUOTE] Yup, Floyd's a masterful marketing genius! -Philthy Rich Records…

Comment by leonthegee on 09-13-2012

[QUOTE=subtle;12507220]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…

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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