Video After The Jump
Million of people have been wondering what exactly happened that caused the rift between 50 Cent and Floyd Mayweather Jr. Everyone saw the Twitter war of words between the two and 50's announcement that there was no longer a Money Team or TMT Promotions, which was supposed to be a joint venture between Floyd and 50.
50 instead has moved on to form the boxing promotion company SMS Promotions that has its own stable of fighters.
50 sat down with Big Boy's Neighborhood recently and doesn't pull any punches while breaking down the source of the problems between him and Floyd.
"As he was actually going in to jail he asked me to help him with Mayweather Promotions," 50 said. "As I took a look I realized there is no Mayweather Promotions. There's no LLC, no [Corporate] seal, it's not incorporated. It's just a name. You see technically Floyd is a Golden Boy [Promotions] fighter. He fights on every Golden Boy card. They do all the footwork. So, when he says help him with Mayweather Promotions and it's not there I go 'OK I know what he means.' He wants me to put it together for him. I do TMT Promotions, I get it all the way together. Sign the actual fighters. We had acquisitions of [Yuriorkis] Gamboa, I had to negotiate a release, it was $1.2 million. Andre Dirrell, IBF Champion Billy Dib and WBA Champion Celestino Caballero."
50 goes on to explain that after he signed the fighters trouble soon started.
"I brought [the fighters] over while Floyd was incarcerated. When he comes home there's the 'let's get Floyd back in pocket campaign' that goes on on where it's $300,000 chains being bought, buying him a new Lamborghini, all these new things. And I'm sitting there going 'yo, when you gonna give me the money?' It ain't no pressure there but when is he gonna say I'm gonna give you the other half. Why I gotta ask you for it? When he finally does bring up the actual situation he acted like he didn't know anything, like "Ahh I didn't tell y'all to do that. I didn't tell you to do that.' And I'm looking at him him and he looked me in my face saying he didn't tell me to do that."
50 says the war of words on Twitter was real, but he decided to put a stop to it.
"That's not Floyd. Floyd don't Tweet. That's not him on instagram. He's got somebody next to him," 50 explained. "You see everyone around him is co-dependent. So they're gonna roll with whatever he says regardless. They tell him what to say. As soon as he gets confused he says, 'OK Five, call Al [Haymon]. Let's say this, if you have a person that's advising you that's a Harvard graduate. They would advise you to have an accountant, with the kind of money that Floyd actually has. That's not in place. If you had a person that's a Harvard graduate you would have maybe business managers at Merrill Lynch or Goldman Sachs. That's not in place. I don't mind telling the truth in situations like this. He's my brother, I love him. My big beef with him right now is [his son] broke his arm and he ain't call me. This will pass. I didn't come to you saying I'm going to be a boxing promoter. I'm around it and I do enjoy it before I even met Floyd. It's entertaining and exciting for me and I know I can do things that's innovative with the actual sport."
50 clarified that there is no real beef with Floyd, but he doesn't want to be backed into a corner.
"It's not beef...Floyd, he ain't that man. I'm telling you man if they push me I'll mess up in front of everybody," 50 said. "I have that capability to just go there because it's just the way I'm brought up. I never ran from anything because I didn't have anybody to go to. Where I'm going? Home to get me? Ain't nobody there."
The G-Unit boss admitted that he and Floyd have had physical altercations before.
"I won every time," he said jokingly, before turning serious. "Twice we got into it. It was more like out of reflex though. He punched me."
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