50 Cent has blamed the failure of his SMS Promotions on the inability of Floyd Mayweather to play his part in the venture. Photo: E!
50 Cent says that part of the reason his SMS Promotions failed is because Floyd Mayweather was unable to play his part in the venture as agreed.
According to Jasmine Brand reports, in May, the company filed for Chapter 11 bankruptcy and new court documents indicate the promotions company was supposed to be a joint venture between 50 Cent and Floyd Mayweather.
But when the boxer pleaded guilty to domestic violence charges in December 2011, the rapper decided to keep the business moving on his own. A year later however, 50 Cent announced on Twitter that the venture, originally named The Money Team, would no longer be associated with Floyd Mayweather’s crew but would be sponsored by 50’s SMS Audio.
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