(EXCLUSIVE) 50 Cent Boxing Co. Bankruptcy – Lightweight Champ Demands His Contract Be Voided
He explains that he is 22-years-old and he needs fights to move up in the ranks of boxing. He says he is currently 13-0 with his fights.
Martin also says he entered into a contract with 50’s company back in 2013 , where SMS Promotions promised to market and promote him as a professional boxer and hold 20 bouts for him over 5 years. Per their deal, Martin agreed to work exclusively with SMS and not sign with any other companies.
He says that since the deal was signed , SMS has only coordinated and promoted 1 bout for him. Martin blasts 50’s company saying they have failed in every aspect as a promotion company and ruined his finances by not marketing him as a sports personality and failed to develop him into a superstar.
Martin explains since SMS Promotions filed for bankruptcy, they have not done a single thing for him. He claims that a boxing career is short and having to wait any longer will ruin his chances at being a household name. He says he worries he is missing boxing opportunities and he will continue to lose out on these jobs if he is forced to stay in his contract.
He is pleading with the bankruptcy judge to allow him out of his contact with SMS to go sign with someone else who will actually help his career.
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