50 Cent Says Floyd Mayweather Jr.'s Advisers Are Afraid Of Him. Bob Arum Sees Big Things Coming For SMS Promotions
50 Cent has shown over the years that he has a strong business acumen. His latest venture is into the world of boxing with his newly formed SMS Promotions company.
The initial idea behind forming a boxing promotions company came when 50 tried to help Floyd Mayweather Jr. with Mayweather Promotions. As the business mogul looked into Floyd's company he quickly realized it didn't exist.
“It doesn’t exist. He’s a Golden Boy [Promotions] fighter,” 50 told the New York Daily News. “It would irritate him if you said it, but in reality he’s a Golden Boy fighter. He’ll sit there and say for Mayweather Promotions, ‘Here’s what we have going, but there are no fighters signed to the promotional company.’ When he said that, I said let me build it for him while he’s gone (to jail). Floyd is my brother, and I even excused him saying there’s a company when there’s not.”
The G-Unit mogul formed TMT Promotions, which was intended to be a joint venture with Mayweather. 50 invested $2 million signing fighters like Billy Dib, Yuriorkis Gamboa and Andre Dirrell. When it came time for Mayweather to reimburse 50 for half of the money spent he balked.
Yuri Gamboa and 50 Cent
50 adjusted by shutting down TMT Promotions and moving all of the fighter he had signed over to SMS Promotions. 50 believes that Floyd's advisers were the ones who ultimately persuaded him not to invest.
“His decision to not participate by not financially offering his half of the finances came by way of his advisers that are afraid (of me),” Jackson said. “If you start burying bodies, you start to learn your way around the cemetery. They don’t want him to be informed. They don’t want him to have information. They make me a complete enemy on what’s going on there.’’
Bob Arum of Top Rank sees a bright future for 50 in boxing.
Bob Arum
“He is the one person that has the ability to reach out and attract the urban audience that we’re lacking from our fan base,” Arum said. “If he can energize the urban market where only Mayweather has been able to do that he could add hundreds of thousands of customers to the fights.”
Tune in tomorrow night (December 8th) on HBO PPV to watch Gamboa fight Michael Farenas for the interim WBA super featherweight title on the undercard of the Manny Pacquiao/Juan Manuel Marquez bout.
Follow Me
 |
 |
 |
 |
Comment
-
Comment by Fred120 on December 10, 2012 at 9:30am -
boss
instagram fred2428
-
Comment by Timur on December 8, 2012 at 1:59am -
damn. cant watch fight today. i have 3ap when it started.
-
Comment by Slimturk on December 7, 2012 at 11:59pm -
50 about to be the first billionaire in entertainment as he said many years ago!! #SMSAudio #SK
Follow me on twitter @slimturk (Over 94,000+ Followers)
Check out www.thaheavyhitters.com and we can arrange to have your music promoted to our massive network of over 300,000+ twitter followers who are REAL!!
-
Comment by 1THUG aka PROJECK KEEM!! on December 7, 2012 at 11:47pm -
why tha fugg fif signed nelly to fight under sms promotion??
-
Comment by 1THUG aka PROJECK KEEM!! on December 7, 2012 at 11:46pm
-
Unfortunately boxin a dyin sport; losin fans daily to MMA and tha heavyweight division is a travesty....bob arum is a snake in tha grass!!
-
Comment by Thomas Gorran on December 7, 2012 at 8:08pm -
WHAT?
-
Comment by Universal on December 7, 2012 at 6:36pm -
Cant wait for the fight tomorrow!
50 gonna do massive things in boxing!
-
Comment by dee on December 7, 2012 at 6:21pm
-
50's a smart businessman.he about 2 run boxing.they dont need white investors no more.these n!ggas got they own money.
-
Comment by dave on December 7, 2012 at 5:43pm -
All he had to do was throw in 1 mill. That's nothin' for Floyd. Stupid.
-
Comment by SuperDiva on December 7, 2012 at 5:41pm -
@Starbukcs hell yes and @juan no dout --dude is just in his zone... check out some heat while you're getting readyfor the club this Friday...mwah -Super http://youtu.be/rm0diX0fu9o Checkmypage out for some music and get the latest on whats happening throughout the world kiss kiss -SuperDiva
Top Content
![Kidd Kidd - The Weak And The Strong - Produced By Falling Down [Listen/Download] -TI50](http://api.ning.com/files/KBrEfAoS3SGRyiBvnAgJjDM7Dgb5JmI6lOCJho3HWgAv-pePPXJe9-uN4Vp9IsqWAwL6yCrg7H88GNeiw8uihw__/thisis50resized.png?width=32&height=32&crop=1%3A1){kind=small}
Upcoming Releases
Latest Activity
- Top News
- Everything
emuren doubra commented on ChasinDatPaper's blog post Kanye West To Release New Album 'Yeezus' On June 18th
HUSTLER *RakimGodMc* replied to Flash <-Thisis50's Most Hated->'s discussion new Eminem album dropping June 18?
© 2013 Created by 50 Cent.
You need to be a member of ThisIs50.com to add comments!
Join ThisIs50.com