Comments Thread For: 50 Cent's SMS Promotions Files For Bankruptcy

[BIGPOPPAPUMP]

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.
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[bigjavi973]

[ThatDude44]

Can't believe fighters chose to join 50 Cent, who just got in the game, over joining Floyd or Haymon.

[KnockoutKings]

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.

[FrankieBruno]

I doubt this very much

TMZ is not a credible source




EDIT it thought SMS was a head phone company?

[Luilun]

Gamboa must have made him go broke

[FrankieBruno]

Rocnation will follow


There smaller fringe promotions stand no chance

[MrRolltide91]

I doubt this very much

TMZ is not a credible source




EDIT it thought SMS was a head phone company?

yea its called sms audio

[ThatDude44]

You mean he won't be performing ring entrances and dropping out the ceiling during his fighter's entrances?

[FrankieBruno]

100k - 500k that sounds like 50 cent is getting out while he can

Thats a very small debt to be in

Wonder how much Rocnation is in debt by?

Anyone know how much they paid for Ward and Cotto?