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50 Cent & Floyd Mayweather Jr. Sign IBF Featherweight Champion Billy Dib. Plan To Challenge MMA For Box Office Dominance & Change The Landscape Of Boxing With TMT Promotions [Video]
Rap star 50 Cent and Floyd Mayweather Jr. plan to take the UFC head-on for the hearts and wallets of the next generation of fight fans, after forming a company that could dramatically shift the power-base in boxing.
In a revealing interview with News Limited Newspapers, 50 Cent outlined plans to challenge the domination of boxing promoters Golden Boy and Top Rank "immediately", with their new company TMT (The Money Team) Promotions.
Mayweather has been co-ordinating raids to sign boxing's best stars from jail - he is due to be released August 3 - with 50 Cent negotiating the deals and yesterday signing Australia's IBF featherweight champion Billy Dib to a three-year contract.
50 Cent and Billy Dib
"We want to change boxing," said 50 Cent, real name Curtis Jackson, who's amassed a $110 million fortune in the music game.
"The goal initially is to create a company by fighters, for the fighters, which breaks the traditional vibe of promoters taking advantage of fighters.
"We're going to change the demographic also, appeal to the younger demographic.
"You look at UFC and MMA, when their festivities start the place is full, whereas the tradition in boxing is you wait until the main event starts.
"We want to put on cards where there are five main event fights, where there is entertainment from start to finish, cards that command attention all over the world."
50 Cent said TMT Promotions would put on their first show in November, most likely in Las Vegas. That show would likely feature Mayweather's return to the ring.
Many disillusioned boxing fans have switched to the UFC in recent years, tired of mismatches, politics and meaningless alphabet titles, though Mayweather remains the most watched combat athlete on the planet and earns an estimated $40 million per fight.
With the undefeated Mayweather's boxing credentials, and 50 Cent's mass appeal beyond the sport, several contracted top fighters are expected to defect from GBP and Top Rank to join TMT.
"I've already had fighters say to me, 'I wish I could join [TMT] but I've got this contract'," 50 Cent said.
"To me, the options are pretty clear. You can deal with a snake in the grass, a snake in the street or you could try something new."
50 Cent has a well-known story of a tough upbringing in New York, going from teenage drug-dealer to the globe's most recognisable rap star and a successful businessman earning $100 million in a deal to market vitamin water.
"I come from a background where not everything is in your favour, but I always anticipate success, I approach things with a positive outlook," said 50 Cent in reference to his latest venture.
Sydney's Dib is the third fighter on TMT's roster, with stars Yuriorkis Gamboa and Andre Dirrell already on the books.
Andre Dirrell
"I really want to associate myself with the best possible talent, and Billy falls into that category," 50 Cent said.
"Floyd asked me to sign him, he has been watching his career and he has always been a big fan.
"When you have talent, it is important to showcase that talent."
50 Cent and Billy Dib talk about Dib's signing to TMT Promotions
Billy Dib boxing highlights
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Comment
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Comment by HIP HOP SAVIOUR'S on July 31, 2012 at 3:53am
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MASTER P WAS THE FIRST TO GET INTO SPORTS MANAGEMENT AND PROMOTIONS BACK IN THE DAY. HE HAD A FEW BALL PLAYERS ON HIS ROSTER. GOOD LOOK 50!
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Comment by Takyla (Tiki) Robinson on July 30, 2012 at 12:12pm -
Very nice! Keep doing ya thing and wishing much continued success always.
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Comment by B. Mack 174th on July 30, 2012 at 11:46am -
Who The F*** Is John Terryson?!!! Why Would A N**** Join Thisis50 Just So He Can Bash Him...John Terryson Is In Love With 50 Cent...Period!!! John Terryson Is The Biggest 50 Cent D*** Rider I Have Ever Seen!!! Stay Off This Site, Or Tell 50 You Wanna Suck His D***...B**** A** N****!!!
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Comment by Anco on July 30, 2012 at 6:43am -
Nice move. I have a feeling that 50 Cent and Mayweather are going to promote boxing like no one has ever done before.
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Comment by Elwood Mob on July 30, 2012 at 6:07am -
Hop hop has a lot of talking s***! A lot of idiots talk s*** behind records but don't do s***! I just hope 50 and Mayweather don't bring that WWE aspect into the sport! I want boxing to change for the better! On one hand, you have Golden Boy Productions bringing soft a** boxers who give boxing a bad name, then on the other hand I hope TMT don't bring in the WWE drama into the sport. You know all that scriptted s*** just to make more $$$ and boast up ratings! Words of advice from a "nobody/Fan" please let the fighters boxing skills do all the talking! Dont get me worng i enjoy seeing Mayweather doing all his s*** talking, cause we all know he cabcak his s*** up, but let him do him and let evryone else do them! I dont want to see 100 Mayweathers talking s*** just cause they are rolling with TMT! As a fan of the sport.... ALL I WANT TO SEE IS GOOD BOXING! Clean this s*** up!!! Let's start getting hungry a** fighters in this s***, and start getting hungry a** promotors out of this s***!
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Comment by KEIZER SOZE on July 30, 2012 at 12:46am -
FLOYD G/A/Y/WEATHER JR. is THE MOST WATCHED COMBAT ATHLETE on THE PLANET (lmao) Its is probably TRUE but it should be called COMBAT in REGARDS to him ... it should be FLOYD G/A/Y/WEATHER JR. is The MOST WATCHED BOXER but not COMBATE ATHLETE or FIGHTER cuz hes neither he WINS being a DEFENSIVE FIGHTER with QUICKNESS& SUCKER PUNCHES (see victor ortiz) or PITTY PAT PUNCHING POINTS
But VICTOR ORTIZ is a LAME & I aint DEFENDING him just using him as an example
50 TRYNA BRING BOXING back to where it was is almost like JUSTIN TIMBERLAKE tryna bring MYSPACE back (lol) Well maybe thats an EXAGGERATION but a SIMILAR COMPARISON
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Comment by RON ONEIL on July 30, 2012 at 12:09am -
JOHN TERRYSON IS NONE OTHER THAN THAT HAMBURGER SWALLOWING FAT F****** OFFICER RICK ROSS WITH A SECRET ACCOUNT. EAT A D*** OR DIE TRYING.
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Comment by unitg on July 29, 2012 at 10:35pm -
@john terryson u must b MMG YMCMB fan u must officer ricky tha way u talkin who eva u r fifty does wat he wanna do man if he reading these comments u think he care bout wat u sayin
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Comment by RoyalChi - You Will Bow To Me!!! on July 29, 2012 at 9:46pm -
I sense a new trend in hip hop...1st it was making movies then it was running labels then it was clothing lines, cologne, energy drinks now it's head phones & I predict Sports management & promotions is next!
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Comment by LadyTruth®™ on July 29, 2012 at 9:31pm -
dont worry Im sure TMT will cover MMA & Boxing
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