News: 50 Cent Shreds Money Team: "I'm No Longer A Part Or Down W/ [Them]"
Thursday, Nov 1, 2012 1:00PM
G-Unit's 50 Cent has officially announced his disassociation to the joint Money Team promotional boxing company he put together with Floyd Mayweather, Jr.
Fif made the unexpected announcement on Twitter early Thursday (November 1) morning.
"TMT IS OVER the money team is no longer a team. So it SMS promotions that's it thats all.SMSaudio," he tweeted November 1st.
"SMSpromotions. Catch IBF CHAMPION BILL DIBB VS. JASON VELEZ DEC.1 Cotto's card lets go New York!!! Don't miss it"
"SMSpromotions Yuriorkis GAMBOA VS. Miguel Beltran on manny pacquiao card VS. Jaun marquez don't miss it."
"I'm no longer apart or down with TMT promotions. SMSaudio"
"If anyone wants a money team jacket I'm selling mine for a dollar. The nap back hat comes with it. That's a fare price. SMSaudio"
"I move the fighters to SMSpromotion cause the other half of the money team .Didnt put up there $MONEY$.SMSaudio"
"Get your TMT sweat suit NOW!! For just $7.99 on line No shipping and handling.SMSaudio" (50 Cent's Twitter)
Around mid-September, rumors of problems brewing in TMT emerged.
Rumors are flying hot and heavy that the joint venture into boxing promotion called TMT (The Money Team), headed up by pound-for-pound boxing king Floyd Mayweather Jr. and rapper 50 Cent, is already kaput. The Ring magazine reports that Australian featherweight fighter Billy Dib, recently signed by TMT, has had his contract folded into the operations of the still operating Mayweather Promotions. The Ring also says that a source close to the rap superstar indicates that 50 Cent is "no longer involved in boxing." (Boxing Insider)
50 also recently discussed his issues dealing with Mayweather, Jr. and his team.
"[The problem] really comes from everybody around him is waiting on the next time he feels generous. And I have a lot [of money], so I don't wait for nobody," Fif said in an interview. "I'll go do what I've got to do. I don't have to sit around and wait for the next time he feels like giving somebody something." ("The Rickey Smiley Show")
Earlier this year, the G-Unit boss officially received a license to legally promote boxing.
Sports Illustrated's Chris Mannix reports that Curtis Jackson is now an officially licensed boxing promoter in New York State, with plans to get his license in Nevada as well. His company is called The Money Team Promotions (TMT) and will reportedly rep Yuri Gamboa and Andre Dirrell at the outset. There's no word on whether 50 will ultimately work officially with Floyd. And while a Mayweather-Manny Pacquiao fight is still a longshot, if anybody can make it happen it's a dude who survived nine gunshot wounds. (Complex)