50 Cent’s company The Money Team Promotions (TMT) which Mayweather reportedly calls his crew recently received a promoter’s license from the New York State Athletic Commission. In the past, Mayweather worked with Golden Boy Promotions, though this was on a fight-by-fight basis with no long-term agreement.
Back in April, Floyd Mayweather told XXL about his best friend 50 Cent possibly trying his hand as a boxing promoter.
“As far as boxing I think he is going to be involved with the promotion side,” Mayweather told XXL during a conference call on Wednesday (April 25), before defeating Miguel Cotto from the MGM Grand in Las Vegas days later on May 5. “We may even put him out there, let him fight on pay-per-view one time. We don’t know what the future holds, but he is getting involved with boxing. He would bring a lot to the table. We believe there’s enough to go around, he’s not just my friend, he’s not just my best friend, he’s one of my business partners and one of the smartest guys I know.”
Leonard Ellerbe, Floyd Mayweather Jr.’s right-hand man and CEO of his Mayweather Promotions, said he was excited about the business union between Mayweather and rap star 50 Cent, Mayweather’s close friend.
“I think that Floyd and 50 coming together is great for boxing,” Ellerbe told ESPN.com on Thursday. “You have two smart guys and when great minds work together, you can have nothing but great results.”
I don’t think I’m suprised at 50 Cent’s business moves anymore. It’s a well established fact that the once gun toting, crack selling thug has brilliantly navigated his way through the entertainment industry, despite his music not being what it use to be – he’s still just as relevant.
I’m sure he’s now studied the business and realizes how profitable it can be, It’s being said that 50 could become Money Mayweather’s promoter in the near future possibly as soon as the champ gets out of prison on August 3rd. There’s been no official reports yet but 50 is already up to his usually fuckry when he has something in works.