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

**Eff Pandas** · 05-26-2015, 01:37 PM

Did he actually promote any shows by himself? I thought he just piggybagged on with bigger promoters seemingly lessening his expenses/risk. I'd assume worse case he'd be breakeven-ish, although I suppose the 100k lower range of his debts would qualify as breakeven-ish. I'd assume he ended on a successful note with the huge Alvarez vs Kirkland fight & probably ate up some debt.

Probably shouldn't have made the move once w/e concept he had with Mayweather didn't come together, but you live & learn. 50 ain't got too many L's so he could use some.

**FrankieBruno** · 05-26-2015, 01:38 PM

Originally posted by KnickTillDeaTh

Roc nation is not just a boxing promotion company. They are sports agent's and have some of the biggest names in sports signed with them. They also do entertainment among other things. To compare 50 cents half a$$ed company to Roc nation is like comparing the success of McDonalds to a hot dog cart. Research never hurt anyone.

Rocnation Boxing is separate

**anonymous2.0** · 05-26-2015, 01:38 PM

This is what happens when you try to run before you can walk.

**bigjavi973** · 05-26-2015, 01:38 PM

Originally posted by bambam182

cant fifty just take a million from his own bank account and clear his debt or can it not work that way?

he probably can since its his company and his money.... but then that debt would creep back wouldn't it?

**TOBYLEE1** · 05-26-2015, 01:39 PM

50 probably didn't see a future in it and filed for bankruptcy to terminate the company.

His fighters all lost and he has no experience developing or building fighters

**bigjavi973** · 05-26-2015, 01:41 PM

Originally posted by MasterPlan

So where will all the former SMS fighters go?

Where did the Iron-Mike fighters go to?

"I wanna thank Al Haymon"

**FrankieBruno** · 05-26-2015, 01:42 PM

Originally posted by bigjavi973

Roc Nation isn't going anywhere... they aren't strictly a "boxing" company.

That really makes no difference, when ur outgoings are more than ur in-goings, you eventually pack up ur bags and leave

nobody enjoys losing money

**gdub27** · 05-26-2015, 01:42 PM

Originally posted by bambam182

cant fifty just take a million from his own bank account and clear his debt or can it not work that way?

He could, but it wouldn't be a smart business move.

**Beercules** · 05-26-2015, 01:42 PM

Damn bruh...

**Lou Cipher** · 05-26-2015, 01:43 PM

Originally posted by bigjavi973

Lou Cipher = Golovkin?????

Preposturous