50 Cent’s SMS Promotions Goes Bankrupt
50 Cent‘s boxing promotion SMS Promotions has filed for bankruptcy after being unable to turn a profit. The promotion was launched back in 2012 and backed fighters including Yuriorkis Gamboa, James Kirkland and Andre Dirrell.
According to documents obtained by TMZ Sports, 50‘s SMS Promotions filed for chapter 11 on May 25th, 2015. The documents reveal that SMS Promotions is between $100,000 – $500,000 in debt.