50 Cent’s SMS Production company files for BANKRUPTCY  

NEGATIVE 50 CENT…

 

50 Cent’s boxing company, SMS Promotions, is fighting to stay on its feet despite having to file for BANKRUPTCY.

In 2012, the 39-year-old Hip-Hop honcho started his boxing biz with a number of heavy hitting athletes such as James Kirkland and Andre Dirrell.

HOWEVER….

 

According to TMZ Sports, the muscle bound “PIMP” rapper’s production company has gotten TKO’ed which led  to him filing for Chapter 11 on May 25.

 

Connecticut court documents reveal SMS is between $100k and $500k in debt despite the production company’s most recent attempt at financial greatness, a May 15th fight…
WHICH ENDED UP BEING A BIG WOMP WOMP….

 

50’s attorney said the “Get Rich Or Die Trying” rhymer decided to file for bankruptcy in hopes to regroup and one day emerge as a stronger company …

 

DONT HOLD YOUR BREATH…

 

50 Cent’s lawyer SPILLED, “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.”

 

HMMMMM….
WE GON’ SEE….

THOUGHTS ON 50’s SMS FILING FOR BANKRUPTCY ?

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