According to SI.com, Curtis “50 Cent” Jackson has become a licensed boxing promoter in New York State and has formed TMT Promotions (The Money Team Promotions). The move by Jackson seems to be no surprise as he is best friends with Floyd Mayweather Jr., who hinted in the past that Jackson may be entering the promotional business.
Nevertheless, the move seems like a good one for New York fighters as it is no secret that the state of New York is lacking in fights of significance in comparison to states such as California and Las Vegas.
Even more, Jackson, who is a native of Queens, would certainly love to be the one to bring back the New York fight game. With Golden Boy Promotions' plans to hold a significant amount of fights at the new Barclays Center in Brooklyn, it should be interesting to see if Jackson can work with them to put together some entertaining fight nights.
Furthermore, there has been speculation that Jackson will be signing former featherweight champion Yuriorkis Gamboa and super middleweight contender Andre Dirrell. The addition of those two fighters would be a significant move within the fight game and would surely provide Jackson with the opportunity to put together some entertaining fight nights.
Monetarily, Jackson certainly has the means to pull off the venture as he reportedly earned over $100 million in the sale of Vitamanwater to Coca Cola in 2007, a company he owned shares of. Furthermore, Jackson has a successful music career that he could use to attract even more fans to his boxing events, which would certainly help ticket sales.
Overall, it seems like the move is a smart one by Jackson and could pay off dividends in the long run. With Floyd Mayweather Jr. on his side, there is no reason why Jackson cannot be successful in this endeavor as he will have a lot of leverage on his side to begin with.
As for New York, the move could pay significant dividends for the New York fight game as it seems it is ever more important that the state of New York gets further fight opportunities for its fighters. Only time will tell, but it should be interesting to see how Jackson approaches his new venture within the sport of boxing.
