Floyd Mayweather Jr. and 50 Cent: It looks like TMT is Officially Done

Michael Walters@mwalters202Correspondent IISeptember 13, 2012

LAS VEGAS, NV - SEPTEMBER 17:  Rapper 50 Cent sits at the table as he is hugged by Floyd Mayweather Jr. during the post-fight news conference after Mayweather Jr. knocks out Victor Ortiz in the WBC welterweight title fight at the MGM Grand Garden Arena on September 17, 2011 in Las Vegas, Nevada.  (Photo by Ethan Miller/Getty Images)
Ethan Miller/Getty Images

Well, it certainly didn’t take long for the Floyd Mayweather and rapper turned boxing promoter 50 Cent’s promotional company to seemingly go out of business. 

In a previous article, I speculated that The Money Team, better known as TMT, appeared to be in trouble, and since that post, a lot has happened. 

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. Also in the report, an unnamed source said, “50 Cent is no longer involved in boxing.” 

Directly contradicting that last statement, a report surfaced by Rick Reeno on boxingscene.com that has Michael Koncz claiming 50 Cent and Manny Pacquiao will be starting a promotional company together. 

Boxing is a seedy business, and Koncz is no exception, so I would take anything he says with a grain of salt. 

TMT made a hug splash this summer when it was announced the company had signed a handful of blue-chip fighters, including former champions Yuriorkis Gamboa and Andre Dirrell

Some boxing scribes were writing about how TMT was going to change the boxing landscape, and Kevin Iole of Yahoo! Sports even named 50 Cent the fourth-most powerful person in boxing before he had ever promoted a show. 

At this point, it’s really hard to figure out what to make of all of this. 

Are Mayweather and 50 Cent really on the outs? 

Are Manny and 50 Cent really starting a promotional company together? 

I am sure over the next few days, weeks and months, there will be more speculation and rumors—but hey, this is why people either love or hate boxing, right?