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.
In court docs filed in Connecticut, SMS says it has between
$100k and $500k in debts.
SMS just put on a fight in Connecticut on May 15th — though
it clearly wasn’t enough to turn the company around.
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