SMS explained that the deal the boxer signed stated they would provide him with 3 fights per year. The company since Gamboa signed with them they have secured him a total of 4 fights and another fight he refused.
50’s company explained that Gamboa will not be caused any harm by waiting for the outcome of the bankruptcy and says they would suffer harm if he is allowed out of his contract, because he is one of their top fighters. SMS demanded the court deny his motion to void his contract and they want him to stay put.
Then on November 20th, 50 Cent filed documents in SMS’s bankruptcy explaining he doesn’t owe the boxer anything.
The rapper says that Gamboa has filed docs informing the bankruptcy court that he is owed over $1.1 million from the contract he signed with SMS Promotions. However, 50 says that he is lying and nothing from the deal says he is owed money.
50 says he is objecting to the boxer’s claim and explains that there is no basis for the fighter even filing for the money because per the agreement he isn’t owed anything at this time. According to the docs filed by the boxer, he believes he is owed the money due to the contract obligations not being fulfilled by SMS. The judge has yet made a decision on either parties motion.