50 Cent’s SMS Promotions Files For Bankruptcy
In court docs filed in Connecticut, SMS says it has between $100k and $500k in debts.
SMS just put on a fight in Connecticut on May 15th — though it clearly wasn’t enough to turn the company around.
An attorney for SMS Promotions says 50 — aka Curtis Jackson — made the decision to file so the business could reorganize and emerge as a stronger company.
“Under the direction of Mr. Jackson, SMS Promotions looks forward to reorganizing as a new corporate entity and becoming one of the leading promotion companies in the world of professional boxing.”
TMZ
