Comments Thread For: TMT Promotions Already on Their Way Out of Boxing?

[jtcs1981]

At the most basic level either 50 Cent, Floyd Mayweather Jr, or both just bought themselves a way to not pay taxes for the next five years...if this isn't the case then they're doing it wrong....

NOT. No operations and they are going to get Carryforward deferred taxes? Hell no. That doesnt work like that sir.

[DeadLikeMe]

NOT. No operations and they are going to get Carryforward deferred taxes? Hell no. That doesnt work like that sir.

Because TMT Promotions couldn't come up with a gym and foot some tuition for some kids....

[flipbjefrox]

Gggggggggggg u not

[jtcs1981]

Because TMT Promotions couldn't come up with a gym and foot some tuition for some kids....

Again, that doesnt work like that. If they dont even operated in their type of business, they cant claim expenses related to that business. That doesnt work like that. 50 accountants will clean that good, but getting tax credit for the next five years? Not even this year.

[subtle]

I'm sorry Miss Jackson....I am for reaaaal

Oh Floyd, did you really believe 50 and Miss Jackson, who were both featured in the same movie, weren't going to do the dirty behind your back? I hate to say it but Floyd has absolutely zero game.

[Jack Napier]

who expected this to actually go anywhere?

[ElBossHogg™]

[DeadLikeMe]

Again, that doesnt work like that. If they dont even operated in their type of business, they cant claim expenses related to that business. That doesnt work like that. 50 accountants will clean that good, but getting tax credit for the next five years? Not even this year.

I'd have to actually look at Nevada laws to be sure of this, but even on as grand a scale as Mayweather money there are plenty of ways to circumvent taxes it would just require an immense amount of charity...really probably 80% of the work the entire Mayweather Clan does would constitute charity...not bad for a bunch of hypes and felons if you ask me

[El Mini 6]

Im glad this happened Floyd don't need no fake Studio Gangster trying to screw his Fiance then trying to run a boxing company, Floyd dont need 50

[Mr. Philadel]

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
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smh...smh ...no comment!!