50 Cent

50 Cent’s run in the world of boxing promotions may be over, after his SMS Promotions has filed bankruptcy.

According to TMZ.com, the company filed for Chapter 11 on Monday (May 25) with around $100,000 to $500,000 in debt.

50 Cent launched SMS Promotions in 2012, and immediately signed some big names, including then-undefeated champion Yuriorkis Gamboa, James Kirkland and Olympic medalist Andre Dirrell.

But apparently, it was unable to turn a profit.

Stay tuned…