50 Cent Reportedly Blames Floyd Mayweather’s 2012 Jail Sentence For SMS Promotions’ Failure

Source: Ethan Miller / Getty

50 Cent is reportedly blaming Floyd Mayweather, Jr. for the failing of his boxing company, SMS Promotions.

According to theJasmineBRAND.com, Mayweather was supposed to help launch the company but was instead jailed in 2012 on domestic violence charges, thus forcing 50 to go ahead with the venture alone.

50 Cent’s SMS Promotions filed for bankruptcy late last month.

In addition to breaking the news that Fif’ is blaming Mayweather for the organization’s downfall, theJasmineBRAND.com reports that in new court documents filed this past Friday (June 26), SMS Promotions have amended the amount of debt they owe to $2.3 million, against the original $100,000 to $500,000 initially estimated.

READ MORE ON THE URBAN DAILY

50 Cent Mocks Puff Daddy & Rick Ross In Light Of Recent Arrests

Floyd Mayweather Set To Receive ‘The Best Ever’ Award From Spike TV

#RelationshipGoals: Meek Mill Predicted He’d Date Nicki Minaj 5 Years Ago

Tamar Braxton & K. Michelle End Beef On Stage At 2015 BET Awards

SEE ALSO