50 Cent's boxing promotion company SMS Promotions has filed for bankruptcy, Billboard reported yesterday. SMS Promotions will "continue the operation of its business" and take advantage of the filing to "reorganize in an effort to protect its investment in worldwide boxing,“ according to the company. 50 Cent launched SMS Promotions at the end of 2012, shortly after he and boxer Floyd Mayweather parted ways from their company, The Money Team. SMS Promotions signed four fighters — Yuriorkis Gamboa, Andrew Dirrell, Billy Dib and Celestino Caballero.
