MANILA, Philippines – Top Rank Promotions chief executive Bob Arum hopes The Money Team (TMT) Promotions, run by rapper and actor 50 Cent, will be a successful business venture.
50 Cent, whose real name is Curtis Jackson, created TMT Promotions to “change boxing,” and the rapper said he plans to run the company along with his best friend, Floyd Mayweather Jr.
Arum used to promote Mayweather early in his career, but the two had a bitter falling out when the unbeaten boxer decided to take control of his career.
“I wish (50 Cent) and his company a lot of luck,” Arum said in an interview with RingTV. “Because he has, in his business career, been able to energize the African-American community and get them involved in the sport.”
“I really and truly wish them the best of luck, and I’m rooting for them,” he added.
Arum said TMT Promotions’ entry into the boxing business will play a big role in steering the careers of African-American boxers, they way Top Rank has promoted Latino boxers.
Moreover, Arum believes that if Mayweather transfers to TMT Promotions from Golden Boy, it will be easier to negotiate a mega-fight between the American and Filipino boxer Manny “Pacman” Pacquiao.
“I would think that if 50 Cent promoted Floyd, then it would make a match-up between Pacquiao and Mayweather that much easier...I think that it would work wonderfully,” he said.
For the past few years, Mayweather has worked with Golden Boy Promotions to promote his fights. Golden Boy and Top Rank have had a frosty relationship, and the two sides have failed numerous times to put together a Pacquiao-Mayweather mega-fight.