50 Cent filed new court documents November 20 that claim his SMS Promotions company does not owe Yuriorkis Gamboa money, the Jasmine Brand reports.
SMS Promotions filed for bankruptcy in May and Gamboa claimed the company owes him $1.1 million.
The Cuban boxer signed with SMS Promotions in 2012 and was offered three fights per year to be produced and promoted exclusively through the company. Gamboa says that SMS has not fulfilled its end of the contract and sought to have a court get him out of the deal. 50 Cent responded by demanding that the court not void his contract.
(This article was last updated on October 31, 2015 and is as follows.)
50 Cent and Yuriorkis Gamboa are sparring over whether or not the boxer should be released from his contract with 50 Cent’s SMS Promotions, according to theJASMINEBRAND.
In May, 50 Cent’s SMS Promotions filed for bankruptcy, which Gamboa alleges has impeded his progress as a boxer and stifled his career.
Gamboa wants the court to void his contact since he alleges SMS has not coordinated three fights per year, as the contract stipulates.
On October 21, theJASMINEBRAND says that SMS responded to Gamboa’s allegations, stating that they have secured him four fights and that he refused another fight the company facilitated. SMS also claims that Gamboa has changed management teams and not been in contact with the company.
(The original story in this thread was published July 30, 2012. It is as follows.)
New York’s 50 Cent has done a lot in his career. He’s sold many things, from mixtapes to movies and from video games to vitamin water. Recently, 50 added another title to his resume as he became a licensed boxing promoter. His company, The Money Team (TMT), has now signed an accomplished boxer.
TMT is now the home to Cuban boxer Yuriorkis Gamboa, a gold medal winner in 2004 and a past featherweight champion, according to Xclusiveszone and other sources.
The signing comes a few days after the release of 50’s “New Day,” a song that features Dr. Dre and Alicia Keys. Merging both world, 50 followed his announcement of the new signing by releasing a video of Gamboa’s highlights paired with his latest single. That video can be seen below.
RELATED: ESPN Predicts 50 Cent Will Become Floyd Mayweather’s Full-Time Promoter
Nigs gone hate but 50 making moves
Let the Hate begin lol
Anyone else notice how poorly edited HipHopDX’s articals are..???
Like I am allowed to misspell article but they can’t edit a “professional” story?
I was just reading the new rich list and 50 is #5 50 Cent – Net Worth $250 Million and his gonna make alot more with this
where my nigga you’ve read that shit? new day is the shit, fuck all faggots lol.
the man $$$$$$$
Y’all be sucking this nigga real hard
fuck 50 Cent
ma first singe off ma debut album INFINITE SWAG UNIVERSE lomin tomorrow. swag
Outside (prod by J DILLA)
nigga dont ever say j dillas name again you fucking kook, you’re on some charles hamilton shit
FUUQQ YEEZ MY NIKKAS
FINALLY IT HAPPENED – JUST GOT A NEW RIDE – A CAM A RO CONVERTIBLE.GOT APPROVED FOR 26 LARGE. BEEN 5 YRS SINCE IVE GOTTEN SHYT APPROVED, BUT NOW ALL MY CRE-DIT SHEET GONE. ALL OF IT.
IF YOU STRUGGLING WITH THAT CREDITT HISTORY ISHH, GET RID OF ALL DAT TODAY – CALL THESE PEEPS AT 8^8^8-9-2-7 -3-3-5-6. . THEY DO AMAZING WORK AND THEY ARE CHEAP AS FUQQ. GOT RID OF ALL MY SHYYT IN NO TIME.
MY HOMEBOY WAS IN THE GUTTA TOO, AND HE CLEANER THAN ME NOW-gettin a condo!!
Hit em up – THEY WILL HELP U!!
shut yo fraudulent ass up
50 will bleed Gamboa’s pockets dry.
Lmao yeah cuz everyone fifty brings into his circle doesn’t become millionaires right? Fucking moron
Master P showed the world you can’t go into the business side of sports unless your 100% percent committed to it. Ricky Williams (No Limit Sports’ biggest name) learned the hard way what happens when you half ass it. He lost millions due to horrible decisions by Master P. I don’t think 50 appreciates how time consuming this venture will be and how dedicated he will have to be.
good shit #Queens Get the Money
…and the L’s just keep packing in.
This has to be one of the most misleading headlines I have ever read. “50 Cent and Yuriorkis Gamboa are sparring”, putting sparring in the headline leads the readers to believe 50 Cent is actually boxing this man. The staff at DX can’t possibly be this oblivious, this had to be intentional. Clickbait.
DX stays hating on Fif, they never say anything good about him
50 stan alert
here we go again with a biased and false article of 50, DX stop hating Fif and quit sucking ross nuts
50 stan alert
If you no boxing you no whats been going down so its not clickbait or misleading. Good headline dx
50 stan alert
50 cents sucks at everything now
50 keeps taking Ls, God damn but you suck snitchy
Media sites have totally turned this generation into short-sighted trolls……
You guys need not comment on EVERYTHING……
Cannot believe i’m making this comment… but I hope you all make better life decisions than the multitude of millionaires you all make fun of when they go through sh***
wheres your sister @ ?
“wheres your sister @ ?”………………….Fuckin ya mammy
Oh MAN I can’t wait till you die
Fiddy stay losing, paying your enemy’s baby mom 7M is painful and sad… I don’t think he sleeps well
Renzel destroyed you. MMG in this bitch!
*CLAIMS. not ‘claimes’. Learn to use spell check ffs.