50 Cent’s SMS Promotions Has Filed For Bankruptcy

50 Cent

50 Cent

Not so good news for one of 50 Cent’s (real name Curtis Jackson) business venture. Reportedly, the mogul’s boxing promotion company SMS Promotions has filed for bankruptcy.

The following statement was released via Billboard:

SMS Promotions, LLC, (SMS Promotions) a boxing promotion company owned by Curtis Jackson, a/k/a 50 Cent, today announced that it has filed for relief under chapter 11 of the Bankruptcy Code. The filing allows the company to reorganize in an effort to protect its investment in worldwide boxing promotion and a promising stable of talented, young fighters.