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

[Lou Cipher]

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

Thats what LLC's are for dude...to protect your personal assets, Also this does not mean SMS will go away. This is mostly a tax move

[The Champions]

Preposturous

Lou Cipher = Illegal Immigrant

Truth.

[stephenmc]

Well that lasted long

[FrankieBruno]

Thats what LLC's are for dude...to protect your personal assets, Also this does not mean SMS will go away. This is mostly a tax move

So you are telling me SMS can still keep its fighters?

Sorry i dont understand how this **** works

[sicko]

SAD! But hey he tried and bowed out gracefully. He has other things going for him so I'm sure 50 Cent would rather focus on that then to waste time with a Boxing Promotion that is going nowhere.

He has some some fighters I like A LOT and I hope they're now free to sign with PBC or another Promotion that will promote them. Luis Olivare and Ryan Martin should be signed by someone quickly. Not sure what is going on with Gamboa, despite losing to Crawford, Gamboa is still one of the best fighters in boxing and needs to get active and with a better promotion.

[Fetta]

SMS concerts ******. Lets hope Roc-Nation's Big Sean concert on June 20th is better

[bigdunny1]

Who didn't see this coming? hahaha Dirrell jumped ship, Kirkland was beefing with 50 not wanting to take any fights for over a year, Gamboia got KO'd. The signs were everywhere that 50 was over his head.

[Gassed Out]

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.

Competition is good.

[bigjavi973]

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

True as well. I think the only way to see how it goes when those quarterly reports come out

[bigjavi973]

Lou Cipher = Illegal Immigrant

Truth.

we are ALL immigrants in the good ol'