50 Cent's SMS Promotions Files For Bankruptcy

By TMZ Sports

Huge blow for 50 Cent's boxing company SMS Promotions -- TMZ Sports has learned the rapper's company has just filed for bankruptcy. 

50 started SMS Promotions back in 2012 ... and signed some pretty big names in the sport, including then-undefeated champion Yuriorkis Gamboa, James Kirkland and Olympic medalist Andre Dirrell.

But apparently, the boxing biz hasn't been as kind to 50 as it has been to others like his pal Floyd Mayweather ... because according to court docs obtained by TMZ Sports, the company filed for Chapter 11 on May 25th. 

In court docs filed in Connecticut, SMS says it has between $100k and $500k in debts.

SMS just put on a fight in Connecticut on May 15th -- though it clearly wasn't enough to turn the company around.

Tags: 50 Cent image  
User Comments and Feedback (Register For Free To Comment) Comment by aboutfkntime on 05-27-2015

[QUOTE=Dle;15730562]Fifty' moto" live fast die fast" . Even though I felt SMS move its key pieces too fast, the made the best decision yet. Knowing when to hold 'em and when to fold 'em. Hate to see him go so…

Comment by aboutfkntime on 05-27-2015

[QUOTE=bigdunny1;15730050]Yup and not to mention tried to go behind haymons back and steal away floyd. It all backfired in his face.[B] TMZ got the letter 50 wrote floyd in prison bad mouthing Haymon with his plan and 50 told Floyd…

Comment by TOBYLEE1 on 05-27-2015

[QUOTE=bigdunny1;15728961]The fighters signed to 50 while Floyd was in jail under the impression that Floyd and 50 were creating this new promotions. Without Floyd's name none of these fighters would of signed to this joker. When Floyd backed out to…

Comment by HEND on 05-27-2015

[QUOTE=KnockoutKings;15728385]Roc Nation next. These rappers think just because they have money, they can come into the fight game and head straight to the bank. Nope.[/QUOTE] Sure, why not generalize all the rappers just because 50's company files bankruptcy... Jay-Z has…

Comment by New England on 05-27-2015

[QUOTE=FrankieBruno;15728387]I doubt this very much TMZ is not a credible source EDIT it thought SMS was a head phone company?[/QUOTE] TMZ sports is actually pretty legit... they broke the ray rice story, for instance. i won't speak on the gossip…

Post a Comment - View More User Comments (122)
Top Headlines Photos: Canelo Grinding Hard For Rocky Fielding Title Clash Pacquiao Confirms He'll Work With Roach Again For Broner Bout Pacquiao Warns Broner: I've Learned To 'Problem Solve' in Politics Canelo on GGG Win: Nicest Feeling To Shut Mouths With Facts! Claressa Shields vs. Femke Hermans Set, December 8 on HBO Ganigan Lopez Tops Telemundo Card in Mexico City Yves Ngabu vs. Micki Nielsen Finalized For February 16, Belgium Nathan Gorman vs. Alex Leapai Set For Warrington-Frampton LIVE STREAM: Pacquiao vs. Broner - NYC Press Conference Bivol: Alvarez KO Of Kovalev Surprised Me, Favor Him In Rematch Ugas Confident of Winning WBC Belt - Surprising Porter, Critics Hurd: I Would Beat Both Charlos, Canelo and Golovkin! Joseph Parker: After Flores, Hopefully I'll Be Fighting in The UK's Television Pick of The Week - Nov. 19 Photos: Manny Pacquiao Hits New York For Broner Presser Kieran Smith Ready For Step Up in Class With Peter McDonagh WBC Prez: I Hope Golovkin vs. Charlo Eliminator Will Happen Frampton: Warrington is Made For Me - I'll Prove I'm Better Canelo Says His Coach Felt Fielding Was Perfect Foe at 168 Juan Francisco Estrada Year-End Ring Return Ruled Out Pascal Can Take Legacy To A New Level With Win Over Bivol De La Hoya: If I Train For 3 Months - I Can Get in With The Best! Claressa Shields: I'm The Greatest Woman of All-Time! Photos: David Lemieux, Yves Ulysse Presser For Canelo-Fielding Thomas Valdez Shocks Luis Coria With Split Decision Win Chavez Jr. Admits To Abusing Drugs, Alcohol After Martinez Loss Brandon Rios: If Hearn Presents a Title Shot Next - I'm There! Photos: Jean Pascal in Top Form, Grinds For Dmitry Bivol Clash Anvar Yunusov Stops Jose Salinas in Seventh Round Jarrell Miller: If No Joshua - I'd Fight Whyte, Chisora, Allen or Price! Firat Arslan, Sefer Seferi Battle To a Draw: Chudinov Faces Mendy Photos: Matchroom Girls Hit The Kansas Star Arena Photos: Brandon Rios Batters and Stops Ramon Alvarez Hearn: Wilder-Fury Will Be Terrible; Fury Will Get Knocked Out Photos: Jarrell Miller Crushes Bogdan Dinu in The Fourth Spence: Jermell Charlo Beats Hurd, Enters Pound-For-Pound Photos: Gabe Rosado, Luis Arias Battle To a Split Draw Photos: Claressa Shields Earns More Gold, Easily Beats Rankin Archie Sharp Aims To Land Ryan Garcia, His Female Fans Too Buboy Studying Broner, Getting Pacquiao's Camp Ready

Latest Active Forum Threads