50 Cent is trading in the mic for a new career as a boxing promoter.
Last week the
New York City Athletic Commission awarded a licence to promote fights to the
rapper's company, TMT Promotions. The acronym TMT stands for
"The Money Team", a nickname used by the entourage of world champion
boxer Floyd "Money" Mayweather Jr.
Last month Forbes
named Mayweather Jr. the highest-paid sports star in the world, after he earned
an estimated $85 million in 12 months.
Awesome right!? Except he is currently serving an
87-day prison sentence in Las Vegas for domestic abuse.
On Wednesday night (July
25), De La Hoya reportedly used Twitter to take a jab at 50 Cent, posting:
"Everyone wanting to be a boxing promoter? Good luck." However, the
tweet has since been deleted.
I bet he did! Oscar may be the 'Golden Boy,' but he's no gangster!
50 Cent - born Curtis
Jackson III, spat back real quick by tweeting to De La Hoya:
"I don't gamble floyd do, but I bet you won't be promoting Floyd
mayweather no more. TMT Promotions." However, this tweet has since been deleted
as well.
Speaking to sports website
ESPN, Mayweather Jr's business associate Leonard Ellerbe refused to confirm
that the rapper has signed to promote the boxer. However, he did admit that there is a business partnership, saying: "I think that
Floyd and 50 coming together is great for boxing. You have two smart guys and
when great minds work together, you can have nothing but great results."
He is expected to release
his fifth official studio album, titled 'Street King Immortal', in November.
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