Saturday, June 28, 2025
Home Entertainment News 50 cent Boxing company goes Bankrupt

50 cent Boxing company goes Bankrupt

image

Huge blow for 50 Cent’s boxing
company SMS Promotions — TMZ
Sports has learned the rapper’s
company has just filed for
bankruptcy … though it vows to stay
in business. 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. An attorney for
SMS Promotions says 50 — aka Curtis
Jackson — made the decision to file
so the business could reorganize
and emerge as a stronger company.
“Under the direction of Mr. Jackson,
SMS Promotions looks forward to
reorganizing as a new corporate
entity and becoming one of the
leading promotion companies in the
world of professional boxing.”

Prince Owusu Banahene Sarkodiehttp://www.pobsonline.com/mrpobs
CEO/Founder Of Pobsonline Inc, A writer, Salsa and Kizomba dance instructor & DJ, Radio Presenter, Marketing Manager @ Standard Drinking Water Tema Branch
RELATED ARTICLES

The Ghana Health Service Excellence Awards Night 2023

The Ghana Health Service held its maiden awards night called the Ghana Health Service Excellence Awards in Accra last night. “An integral part of our...

Ghana Disseminates The Results Of The Harmonised Health Facility Assessment (HHFA)

The Ghana Harmonized Health Facility Assessment (HHFA) findings were released on October 2, 2023, by Alhaji Hafiz Adam, Chief Director of the Ministry of...

Myths And Misconceptions: A Key Indicator For Low Uptake Of Family Planning – Dr. Kofi Issah

Dr. Kofi Issah, the Director of the Ghana Health Service's Family Health Division, has reiterated that myths and misconceptions about family planning continue to...

Most Popular

The Ghana Health Service Excellence Awards Night 2023

The Ghana Health Service held its maiden awards night called the Ghana Health Service Excellence Awards in Accra last night. “An integral part of our...

Ghana Disseminates The Results Of The Harmonised Health Facility Assessment (HHFA)

The Ghana Harmonized Health Facility Assessment (HHFA) findings were released on October 2, 2023, by Alhaji Hafiz Adam, Chief Director of the Ministry of...

Myths And Misconceptions: A Key Indicator For Low Uptake Of Family Planning – Dr. Kofi Issah

Dr. Kofi Issah, the Director of the Ghana Health Service's Family Health Division, has reiterated that myths and misconceptions about family planning continue to...

I’m A Hitman Episode 63 Final

Jayden’s pov I watched as the police came into the warehouse and took everyone out. All I did was continuing looking at Kimberly till they...