In July, it was announced that pound-for-pound boxing king Floyd Mayweather Jr. and hip-hop artist 50 Cent were taking their friendship one step further and going into business with one another. The business would be boxing promotions and the name of the company would be The Money Team, but less than four months following the formation of the company, news has surfaced that the business venture is no more.
50 Cent, whose birth name is Curtis Jackson tweeted on Thursday, “TMT IS OVER. The Money Team is no longer a team. So it’s SMS Promotions. That’s it. That’s all. I’m no longer apart or down with TMT Promotions. IF anyone wants a Money Team jacket I’m selling mine for a dollar. The (snap) back hat comes with it. That’s a (fair) price. Get your TMT sweatsuit NOW!! For just $7.99 online No shipping and handling. I move the fighters to SMS Promotions ’cause the other half of the money team didn’t put up (their) MONEY$.”
SMS Audio is the name of 50 Cent’s headphone product line, which has been in business since August 2011. TMT’s roster of fighters included featherweights Yuriorkis Gamba and Billy Dib as well as super middleweight Andre Dirrell. Dib currently holds a featherweight title and is set to defend it as part of the undercard for Miguel Cotto‘s Dec. 1 fight in Madison Square Garden versus Austin Trout.
There has been no response made from Mayweather or any of his representatives regarding the dissolving of the The Money Team or 50 Cent’s tweets about the business.