50 Cent Secures License to Promote Boxing Events
It looks like 50 Cent is going to be the next Don King (without the spikey hair). The hip-hop mogul successfully secured a boxing promoter license from the Nevada State Athletic Commission Thursday (Nov. 15).
According to ESPN, Fiddy's application was approved unanimously in a 5-0 vote at a commission meeting. Once the New York rapper provides more additional information -- two years worth of income tax returns and other financial statements -- he will be able to launch SMS Promotions (named after his popular headphones) and start promoting his first boxing match in December.
50's roster of fighters includes former featherweight title holder Yuriorkis Gamboa, featherweight boxer Billy Dib and super middleweight contender Andre Dirrell.
During the questioning process, 50 said he and his former BFF Floyd Mayweather had originally agreed to go into the boxing promotions business together but they had a falling out in August. Since 50 invested $1.5 million in acquiring fighters, he wanted to move forward with the endeavor. In addition, the 'I Get Money' rhyme-spitter invested $500,000 into developing SMS Promotions.
The 'Before I Self Destruct' creator's first appearance as a promoter will happen Dec. 8 in Las Vegas with Gamboa's fight on the Manny Pacquiao vs. Juan Marquez IV undercard. Gamboa will face an opponent to be determined because original challenger Miguel Beltran Jr., dropped out.
We wish 50 Cent the best of luck in his new venture. Knock 'em out!
Watch ESPN Report on 50 Cent Securing His Promoter's License