Until now, the circumstances surrounding the discord between long-time friends Floyd Mayweather and 50 Cent have been unclear. When news about the formation of The Money Team Promotions first broke back in July, we were led to believe that the company was created as a joint business venture between both men. As Mayweather was serving the remainder of his jail sentence, 50 Cent was moving quickly to sign fighters, like Yuriorkis Gamboa, Andre Dirrell, and Billy Dib. Presumably, he was acting on Mayweather's behalf, representing TMT Promotions as a partnership that would change the sport of boxing. However, FightHype.com has discovered that was not the case at all. What was once described as a "breath of fresh air" actually turned out to be an attempted coup by those once considered to be close to Mayweather.
Sources have informed us that 50 Cent and former Mayweather associate Tommy Summers, A.K.A. Tommy Smalls, tried to take advantage of Mayweather's incarceration in an attempt to oust long-time advisor Al Haymon in hopes of gaining control of Mayweather's career, both in and out of the ring. With the help of the influential Haymon, Mayweather has built a brand that has made him the highest-paid athlete in all sports. Their working relationship has allowed him to shatter pay-per-view records and generate revenue like no other fighter has ever seen before. One would think that Mayweather's achievements speak volumes about his working relationship with Haymon and their ability to succeed. Apparently, 50 Cent and Tommy Summers didn't see it that way. Ultimately, greed may have been the single solitary factor that caused long-time friends to go their separate ways.
Full Article here
I would honestly take insult to someone sending me a letter like that. ''You don't respect me enough to open up a word document and abstain from using all caps'' is what would go through my mind.
Well, to be fair, it's a letter to jail and it's not a contract or something. Plus, I think handwriting requires a lot more effort than typing something up.
Anyway, I think both Tommy/50 and Floyd have valid points. But are coming from different places. One side is financially motivated. They want in on the big bucks and see an angle that could perhaps perk Floyd's ear.
Mayweather, on the other hand, owes a lot of his fortune to Haymon. Here's someone who paid to buy out his contract with Arum and then helped guide Floyd into becoming the world's highest paid athlete. Is it possible someone is skimming off the top? Sure. But, to quote Larry Holmes when asked if Don King ever stole from him, "yeah he probably did but I sure miss him stealing from me."
There's no real incentive for Mayweather to leave Haymon and if this is actually the real reason for the rift with 50 (who knows? Three sides to a story), it's the smartest move he's made since the day he hired Haymon.
50.Floyd.Manny
Was supposed to be business partners. The two fight and the income of that launches the company
Floyd in the position now he's in, like 50 said is no urgency. The fight will never happen
Floyd leaked confidential letters to his buddies at FH... unless they paid big money I don't see why that was necessary.
I said leaked to his buddies at FIGHT HYPE.
can you read?
Are right so you found it unnecessary , why is that ?
Floyd leaked confidential letters to his buddies at FH... unless they paid big money I don't see why that was necessary.
You mean the buddies that stabbed him in the back while he is locked in a room , you will side with anybody against Floyd wont you , I feel sorry for you !
When you write somebody in jail, you don't send that bull****. I'm betting that's why they parted ways.
Off topic.
Jay went at Nas thinking he had a smoking gun, Nas's baby momma. Little did Jay know that Nas's mom was sick and dying. Jay gets ethered.
Buster mom I believe died while he was training for Tyson. Tyson got ethered.
Ole boy writes Floyd talking business while Floyd is in jail. 50 bones his girl. Both get ethered.
Convoluted I admit, but while in jail, you need support mentally. **** business for now.
I see what you're saying but why do this while he is in jail? Or why not talk to Floyd himself I stead of someone else writing a letter?
Good point. Only 50 and Tommy have the answer unfortunately
I see 50 emphasizing gate numbers in the letter. I think it is because entertainers such as 50 rely a lot on gate numbers for their revenue much more than boxing. just a thought.
The real question is, did floyd even know about this article prior to release? He actually tweeted... I read a very interesting article you guys should read this (linked article). He could have I'm just wondering is all.
They need to do better with these articles to stop making them sound so homosexual.
50 cent is "trying to breakup Haymond and Mayweather"
"Mayweather and 50 have split up"
"50 cent has formed a relationship with pacquaio"
Paquaio says him and 50 cent are "just talking"
this sounds like some middle school gossip **** and its all because 50 cent doesnt actually promote anything. The only money he ever made from boxing is the times mayweather paid him to rap during his ring introduction.
We heard 50's side of the story already on the radio. He admitted he wanted to make the Floyd/Pac fight and set up the company where the fighters keep all the money and cut out the promoters and the managers. Then his issue was that Floyd had no sense of urgency and 50 "had his own money" and didn't need to wait for Floyd to get a free handout.
The letter just confirms what 50 was talking about. He already admitted everything that was said in the letter in his interview.
I see what you're saying but why do this while he is in jail? Or why not talk to Floyd himself I stead of someone else writing a letter?
Alright so I had to sit back and think on this for a minute cuz this isn't making sense to me. First off, Floyd and 50 are friends (like brothers as they say) why wouldn't 50 bring this to Floyd himself? 50 coulda went to visit him in jail to talk about it. 2. Why would 50 even try to make a move like this while Floyd is in jail. I've heard 50 talk plenty of times and he is a pretty smart guy. He knows this is not how business works. U don't try to start a business with someone go is locked up and will be out in a matter of weeks. Why the urgency? 3. These letters were posted on thisis50.com too. So these letters can't be exposing 50 cuz why would they be on his site? And the first person Floyd was with when he got out was 50 at the movie premier and people say they were at the hiphop awards together. So either 50 is using artificial controversy to promote his album that drops next month, he set up tommy to look stupid by letting him write that letter, or 50 is not as smart as I thought to try to do this while his homie is locked up. Just my observations on this.
We heard 50's side of the story already on the radio. He admitted he wanted to make the Floyd/Pac fight and set up the company where the fighters keep all the money and cut out the promoters and the managers. Then his issue was that Floyd had no sense of urgency and 50 "had his own money" and didn't need to wait for Floyd to get a free handout.
The letter just confirms what 50 was talking about. He already admitted everything that was said in the letter in his interview.
Alright so I had to sit back and think on this for a minute cuz this isn't making sense to me. First off, Floyd and 50 are friends (like brothers as they say) why wouldn't 50 bring this to Floyd himself? 50 coulda went to visit him in jail to talk about it. 2. Why would 50 even try to make a move like this while Floyd is in jail. I've heard 50 talk plenty of times and he is a pretty smart guy. He knows this is not how business works. U don't try to start a business with someone go is locked up and will be out in a matter of weeks. Why the urgency? 3. These letters were posted on thisis50.com too. So these letters can't be exposing 50 cuz why would they be on his site? And the first person Floyd was with when he got out was 50 at the movie premier and people say they were at the hiphop awards together. So either 50 is using artificial controversy to promote his album that drops next month, he set up tommy to look stupid by letting him write that letter, or 50 is not as smart as I thought to try to do this while his homie is locked up. Just my observations on this.
I don't know about the dude who wrote the letter (which should have been typed) but I still think Floyd should have went into promoting with 50. He wouldn't have needed GBP to promote his fights and he could have left Haymon who probably takes a big portion of Floyd's fight money. Floyd, Ellerbe, and 50 Cent could have ran TMT Promotions and generated many new viewers. Oh well.
Not only that but the letter talks about how Al Haymon takes all of his fighters to Golden Boy and not Mayweaher Promotions. When Floyd retires, the fighters on his roster will not generate enough money to allow him to maintain his current lifestyle.
You would think Haymon would help Floyd grow Mayweather Promotions since Floyd is a big reason for Haymons success. But Maybe he has something lined up for Floyd once he retires. Who knows?
So people actually want Floyd to quit doing what's made him the highest paid athlete in the world and to stop paying GBP and Haymon for what they do, and to go with 50 Cent and a guy who's done nothing but carry Floyd's bags forever and instead pay them for whatever they can do????
If it ain't broke, don't fix it. I would never get into business with 50. And the Game has a very different account of why they split. There's always 2 sides to every story.
Judging from his handwriting and spelling I don't know who in their right mind would go into business with that fool.
I would honestly take insult to someone sending me a letter like that. ''You don't respect me enough to open up a word document and abstain from using all caps'' is what would go through my mind.
Being knowledgeable is cool and all, but a knowledgeable person would know that Floyd has enough drawing power to not need Haymon or GBP promoting his fights. Floyd's a big boy, he can be his own man.
Floyd may not yet have the full expertise to run a promotional business himself which is why he hires Goldenboy to handle the logistics of Mayweather Promotions.
Richard Schaefer whose co-owner of GoldenBoy promotions have a Masters degree and Al Haymon has a PHD while Floyd did`nt even finish high school.But i`m sure when Floyd feels he learned enough of the boxing business world he`ll let go of Goldenboy and handle his promotional company on his own.
13y ago
50 cent, tommy summers, and their failed attempt to break up mayweather and al haymon | BoxingScene Community