50 Cent’s SMS Promotions Files for Bankruptcy

by: Joe Latti
Brick City Boxing

In July of 2012, Curtis “50 Cent” Jackson announced that he had become a licensed boxing promoter in the state of New York.  Jackson brought his friend Floyd Mayweather Jr. on board, but the two eventually split in December of that same year.  The split resulted in the birth of Jackson’s SMS Promotions, which included Yuriorkis Gamboa, James Kirkland, Andre Dirrell, Billy Dib, Luis Olivares and Donte Strayhorn in its boxing stable.  TMZ Sports is reporting that the company has filed for Chapter 11 bankruptcy on May 25, 2015, with paperwork filed in Connecticut reporting between $100k-$500k in debt.

Despite the bankruptcy filing, the company vows to stay in business with the hopes of reorganizing and emerging as a stronger company.  A statement released by SMS promotions says, “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.”