First New York granted 50 Cent permission to promote boxing matches, and now Nevada has followed suit.
As of early Thursday (Nov. 15), the Nevada State Athletic Commission approved 50’s request to become a licensed promoter in the state Thursday.
50 Cent — Curtis Jackson is the real name of the rap star — intended to promote under the company name of TMT Promotions — The Money Team — with good pal Floyd Mayweather Jr. However, they had a falling out after Mayweather did not come up with the share of the money that Jackson said he had promised to put into the company.
So last month Jackson applied for the license under the name of his new company, SMS Promotions, and his application was approved in a 5-0 vote of the commission, as long as he provides three more pieces of information to the commission, which had already received an extensive application packet.
Jackson and attorney Leon Margules, who were at the meeting, promised to provide the commission with what it still wanted within a week — two years’ worth of Jackson’s income tax returns, a financial statement listing the fighters SMS has under contract and a letter stating that the assets that had been in TMT’s name are now in SMS’s name.
So long as the price is right, 50 will even fight Mayweather. This dude is a master at wrangling publicity.
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