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50 Cent Boxing promotion company "bankrupt"? | BoxingScene Community

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50 Cent Boxing promotion company "bankrupt"?

bigjavi97311y ago

@steveucnlive looks like the company doesn***39;t even have 50 cents left. http://t.co/cz5OlNX4J4
— Chris Kurtz (@kickazzkurtz) May 26, 2015

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. Story developing ... Read more: http://www.tmz.com/2015/05/26/50-cent-boxing-company-goes-bankrupt-sms-promotions/#ixzz3bGiFNqOa anybody else heard of this??? mods please delete just saw bigpoppapump's article :(

Comments (3)

This is floyds company/business partner also so he failed as well. LOL. OWNED. No surprise though, Mayweather Promotions / SMS fighters have failed horribly. Good day, this makes my day to hear these two are failing and struggling.

11y ago

@steveucnlive looks like the company doesn***39;t even have 50 cents left. http://t.co/cz5OlNX4J4— Chris Kurtz (@kickazzkurtz) May 26, 2015 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. Story developing ... Read more: http://www.tmz.com/2015/05/26/50-cent-boxing-company-goes-bankrupt-sms-promotions/#ixzz3bGiFNqOa anybody else heard of this??? mods please delete just saw bigpoppapump's article :( Good! There is not need for trash like him in a sport like boxing.

11y ago

Let's see who falls next...

11y ago