50 CENT'S SMS PROMOTIONS COMPANY GOES BANKRUPT.

G-Unit head 50 Cent‘s attempt at sports promotion may have come to a sudden end as reports claim his SMS Promotions company is now bankrupt.

According to reports, Fif’s high-profile company has debts up to $500,000.

50 started SMS Promotions back in 2012 … and signed some pretty big names in the sport, including then-undefeated champion Yuriorkis Gamboa, James Kirkland and Olympic medalist Andre Dirrell. But apparently, the boxing biz hasn’t been as kind to 50 as it has been to others like his pal Floyd Mayweather … because according to court docs obtained by TMZ Sports, the company filed for Chapter 11 on May 25th. In court docs filed in Connecticut, SMS says it has between $100k and $500k in debts. (TMZ)