We told you a few weeks back, 50 Cent’s newly formed boxing promotion company, SMS Promotion was filling for bankruptcy for being $100K-$500K in debt. Well, now 50 is point fingers and isn’t taking responsibility for his lose.
50 is saying that the reason SMS Promotion failed is because Floyd Mayweather didn’t help him as promised. A new court document says that the promotion company was suppose to be a joint venture between 50 Cent and Floyd Mayweather, but when the boxer pled guilt to a domestic violence charges in 2011, 50 decided to keep going. Now, a year later 50 took to Twitter saying the venture, originally named The Money Team, would no longer be associated with Mayweather, but would now be funded by 50’s SMS Audio.
Hmmmm, don’t know about this. Seems like 50 just wants to blames someone for the failure of SMS Promotion. What do you think?
‘Power’ creator and rapper, 50 Cent blames champion boxer Floyd Mayweather for bad business deal.