It looks like 50 Cent’s much talked about boxing promotions venture with Floyd Mayweather Jr. is off. The Queens hip-hop mogul is now set to partner up with Mayweather’s boxing nemesis Manny Pacquiao.
The stunning news, which is being reported by BoxingScene.com, comes after the July announcement that 50 was establishing TMT Promotions with Mayweather Jr., the undefeated, pound-for-pound champ. Several buzz-heavy boxers like Andre Dirrell, Yuriorkis Gamboa, Billy Dibb, and Celestino Caballero even signed on to the company.
However, 50 and Mayweather have since parted ways on the business front. A handler for Pacquiao, Michael Koncz, said there was even talk of the company including his client, Mayweather and 50 Cent. Now it looks like the Money Mayweather is out of the picture.
“50 Cent and I have been talking now for maybe the last two months,” Koncz said. “They approached us with the idea to form a promotional company. 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.”
Koncz added of the surprising development: “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 smaller 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.”
For his part, 50 has made the rounds at various media outlets stating that he is still friends with Mayweather and that his partnership with rival pugilist Pacquiao won’t negatively affect their relationship.
“Well, I don’t think [that Floyd would get upset over this venture]. I think he’ll go ‘I wish him luck,’ 50 said in one radio interview interview with The Breakfast Club, a radio morning show New York’s Power 105. “It’s not like I’m not in communication with him. I texted him and told him everything.”
Of course 50 Cent isn’t giving up his music career. The veteran MC is set to release his fifth studio album Street King Immortal on November 13. To hear more about his new album, his recent thoughts on rapper Cheif Keef, go here. —Keith Murphy, CBS Local