50 Cent expands his business portfolio.
The Nevada State Athletic Commission has approved a promoters license for 50 Cent.
The decision came after Fif and Floyd Mayweather, Jr., has an apparent falling out. So instead of TMT (The Money Team) Promotions, the company is titled SMS Promotions.
ESPN reports that 50's application was approved in a 5-0 vote of the commission, provided that he provides three more pieces of information to the commission.
During the questioning process, 50 said of Mayweather, "as he came out of incarceration (on Aug. 3 after two months in county jail in Las Vegas) he decided he wanted to do things differently, but I had already invested $1.5 million in acquiring fighters and I would like to move forward."