50 Cent’s SMS Promotions Taking Boxer Ryan Martin To Court
50 Cent's SMS Promotions is taking lightweight boxer Ryan Martin to court, after he attempted to have his contract voided.
According to theJasmineBRAND, Martin filed documents in SMS' bankruptcy in Sept., demanding that a judge void his contract.
"Martin said he entered into a contract with 50's company back in 2013, where SMS Promotions promised to market and promote him as a professional boxer and hold 20 bouts for him over 5 years," theJasmineBRAND.com reports. "Per their deal, Martin agreed to work exclusively with SMS and not sign with any other companies.
"He said that since the deal was signed, SMS has only coordinated and promoted 1 bout for him," the report continues. "Martin blasted 50's company saying they have failed in every aspect as a promotion company by not marketing him as a sports personality and failed to develop him into a superstar."
Back in May, SMS Promotions filed for bankruptcy, after which Martin, 22, claims the company hasn't done "a single thing for him."
On October 15, SMS Promotions fired back at Martin, claiming they've done more for the boxer than stated in his contract.
"50's company says Martin has fought in a total of 14 fights since he signed with them, well over the 11 bouts the contract stated he would and more than most fights his age have fought. They say they have spent countless hours promoting Martin in the boxing world. SMS points out 2 of his fights were even broadcast on ESPN. Further, he was even featured in one of 50 Cent's music videos as promotion. SMS claims they offered Martin a fight as recent as this month, but he refused since he is attempting to get out of his deal with them. 50's company blasts the boxer's claim they breached their contract and SMS is demanding his contract not be voided in the bankruptcy case."