Popular American rapper 50 Cent got his license Thursday from Nevada State Athletic Commission (NSAC) to promote boxing in the state of Nevada.
50 Cent, whose real name is Curtis Jackson, originally planned to engage in boxing promotion with his friend Floyd Mayweather, Jr. using TMT (The Money Team) as the name of their planned promotions company.
However they had a falling out after Mayweather reportedly failed to give his share in the proposed partnership.
While Mayweather was serving his term in prison for domestic violence charges, Jackson applied for a license from NSAC under TMT but when Mayweather was released after serving two months, he did not show any more interest in the partnership.
Jackson then decided to go on his own and used SMS as his promotional business name.
The letters "SMS" is reported to represent Jackson's audio head phones line.
According to ESPN, Jackson told NSAC during the meting he and Mayweather had agreed to partner in the boxing promotions business but "as he came out of incarceration (on Aug. 3 after two months in county jail in Las Vegas) he decided he wanted to do things differently, but I had already invested $1.5 million in acquiring fighters and I would like to move forward."
"It was heartening to read all the letters of recommendation in support of your application," commissioner Pat Lundvall told Jackson, who said he was prepared to invest an additional $2 million into the company.
Under his newly licensed SMS Promotions, Jackson has contracted former featherweight titlist Yuriorkis Gamboa, featherweight titlist Billy Dib and super middleweight contender Andre Dirrell.
SMS will be staging its first promotional fight in cooperation with Bob Arum's Top Rank Promotions featuring Yuriorkis Gamboa against an opponent yet to be named on the Pacquiao-Marquez undercard.
The Pacquiao-Marquez fourth fight is set for December 8 at the MGM Grand in Las Vegas, Nevada.