Is 50 Cent and Floyd Mayweather beefing? Its appears 50 Cent and Floyd Mayweather’s boxing promotion company The Money Team, better known as TMT, is going OUT OF BUSINESS.
To pour salt on the wound, 50 Cent confirmed this morning on The Breakfast Club, he’s working with Manny Pacquiao! 50 Cent and Manny Pacquiao will be starting a promotional company together.
The TMT website has been taken down, and according to a report from ringtv.com, Billy Dib’s contract has been transferred over to Mayweather Promotions.
So, we gotta ask again, is 50 Cent and Floyd Mayweather beefing?? 50 Cent seems to be all about business, while Floyd Mayweather is concerned with gambling and wasting money.
In a recent interview with Boxing Scene, Michael Koncz opened up about his, Pacquiao’s and 50’s plans to form their own promotional company.
“50 Cent and I have been talking now for maybe the last two months. They approached us with the idea to form a promotional company,” Koncz said.
“Initially it was going to be 50 Cent, Manny and Floyd. But right now I don’t think Floyd is going to be a part of it. I explained the idea to Manny. We already have a promotional company, MP Promotions, and we have already done three separate promotions from Top Rank … on a small scale. I have to take the blame for that. I’m in charge of it. There is an element missing there, but I have so much to do with Manny – that I haven’t got that company to where I want it.
“I think with 50 Cent, with his entertainment connections and his popularity there, combining that with Manny’s popularity and expertise in boxing –- we can bring a new flavor to boxing -– we can excite some young boxers and I think we can sign some top quality boxers. I spoke to 50 Cent (Wednesday) and confirmed that we’re going to go forward. Manny is coming here this weekend for other business, but we’re all excited about it. With 50′s influence in the music industry – we want to put a different flavor on the shows.”
Mayweather and 50 Cent really on the outs?