Many people must be feeling puzzled by this news, because 50 Cent just announced back in July that he was launching his own boxing promotional company, The Money Team Promotions (TMT). But apparently 50 has already put on end to his brief hold over the TMT promotional company, and now is joining Manny Pacquiao, to form a joint boxing promotional company.
It's very strange because Manny and Floyd Mayweather are pretty much rivals, even though they have never fought before. What is even more strange is that Floyd and 50 Cent are, or at least were, best friends before Floyd went to prison for two months this summer. Since Floyd was released, rumors have been spreading that there is tension in Floyd and 50's relationship that has caused a rift between them, and thus halted Floyd from joining 50 and Manny in this new boxing promotional venture.
The deal was originally supposed to be for Floyd, 50, and Manny to team up, but it seems as though Floyd has opted out of the partnership for some reason. Manny Pacquiao's adviser, Michael Koncz, commented on the situation.
"50 Cent and I have been talking now for maybe the last two months. 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. 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.
"I think with 50 Cent, with his entertainment connections and his popularity there, combining that with Manny's popularity and expertise in boxing - we can bring a new flavor to boxing - we can excite some young boxers and I think we can sign some top quality boxers. I spoke to 50 Cent tonight and confirmed that we're going to go forward. Manny is coming here this weekend for other business, but we're all excited about it. With 50's influence in the music industry - we want to put a different flavor on the shows."