Boxing for a long time has been controlled by two promotional companies, Golden Boy and Top Rank. 50 Cent (along with Jay Z) tried to change that by creating his own company, SMS Promotions. It was supposed to be done with his friend Floyd Mayweather but the two fell out and Floyd moved forward with The Money Team and 50 on his own with SMS Promotions. 50’s promotional company didn’t last very long and filed for bankruptcy in May of last year. In 2012, Billy Dib signed a three-year multi-fight contract with 50 Cent. Now Dib in an interview with The Daily Telegraph, says he was paid only a fraction of what he was owed by 50 Cent over six fights, and while he won’t go into specifics on the numbers, it was estimated to be around $1 million. 50 Cent caught wind of the article and fired back at Dib on his Instagram account.
Boxing: 50 Cent’s Boxing Company SMS Promotions Files For Bankruptcy
Huge blow for 50 Cent’s boxing company SMS Promotions because the rapper’s company has just filed for bankruptcy.
(Video) Boxing: Bernard Hopkins Gives His Opinion on Jay Z & 50 Cent Entering the Boxing Business
Top Rank and Golden Boy are the two big promotional companies in boxing. There isn’t much variation for boxers to choose from but things are slowly changing. 50 Cent started SMS Promotions and has been working his way up in the business. Coming in right behind him is Jay Z’s Roc Nation Sports who recently secured their license and is ready to roll. BET caught up with boxing champion Bernard Hopkins and got his take on the two rap superstars entering the boxing world.
Sports: 50 Cent’s SMS Promotions Adds Another Boxer To Their Roster
He’s still making moves in the boxing world! 50 Cent’s SMS promotions has just added another boxer to their roster. Check out who it is & along with info on his next fight after the jump…
