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Boxingscene.com

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…

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