SMS Promotions goes belly up, files for bankruptcy.

Discussion in 'World Boxing Forum' started by Badbot, May 26, 2015.

  1. Hercegovac

    Hercegovac Boxing Junkie Full Member

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    Was it ever revealed what exactly SMS stood for?

    Suck my stuff?
     
  2. Mexi-Box

    Mexi-Box Boxing Junkie banned Full Member

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    I think Jay Z's time is coming up. No fighters on his stable for long term success, and he knows **** about boxing. Plus, he's getting blacklisted big-time by Haymon.

    Ward isn't a big enough draw to rest an entire boxing venture behind and Cotto is not long for boxing.

    Also, 500K in debt sounds laughable with 50 Cent being worth way more. I'm assuming it'll only grow if he keeps the business? My major wasn't business in college, though.
     
  3. Lady Girl

    Lady Girl Kneel Before Zod! Full Member

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    What is 500 grand to 50? Peanuts. Had to be more
     
  4. Nonito Smoak

    Nonito Smoak Ioka>Lomo, sorry my dudes Full Member

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    Obviously found failure early and has now decided to get out of the business.
     
  5. Beast-Mode

    Beast-Mode Well-Known Member Full Member

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    How shocking? Did anyone not see this coming after him and Floyd parted ways? Being a boxing promoter is not a part time job. Only SMS Fif was ever talking about was his audio company. Whenever Fif brought one of his fighter's in for a interview they wouldn't even talk boxing. It was an afterthought. It was bound to fail and I'm glad it did.
     
  6. STB

    STB #noexcuses Full Member

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    No shock there.Writing has been on the wall from the get go.
    His fighters fought once every 18 months or so.

    Gamboa and Kirkland are now free agents. Interesting to see what happens
     
  7. takahiro-onaga

    takahiro-onaga Active Member Full Member

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    Dib, Kirkland, Dirrell and Gamboa all get messed about and beat. I hope Roc Nation fighter know that future not promise to be good.
     
  8. DobyZhee

    DobyZhee VIP Member

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    500,000 in debt? To pay for what?
     
  9. Manfred

    Manfred Obsessed with Boxing Full Member

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    The whole article needs to be read to get a full understanding on what is really going on.
     
  10. Jesus

    Jesus Member Full Member

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    Searched and didn't find a thread on this.

     
  11. lewis gassed

    lewis gassed The Bronze Dosser Full Member

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    Haymon is next.
     
  12. Bubba

    Bubba Pay $5 / month or I will be let out of the cage Full Member

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    Haymon happens now.
     
  13. Scar

    Scar VIP Member

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    This guy actually thought he'll get involved in the sport and easily make money. I'd rather not see part-timers who are also full-time musicians dominate the sport. If anything, it will make the sport look embarrassing.
     
  14. Nonito Smoak

    Nonito Smoak Ioka>Lomo, sorry my dudes Full Member

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    50 Cent isn't even a part-time musician anymore.

    He's a full time social media troll (a decent one from what I've seen and heard, but still).

    He's acted in more movies than cut albums over the years. Busy filming "Escape Plan" and stuff. Boxing was a hobby that, ill-advised, he decided to invest in.
     
  15. DobyZhee

    DobyZhee VIP Member

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    He'll go broke faster than Mayweather Jr