ESPN reports.

The license was granted to SMS Promotions, the new company 50 started after allegedly falling out with Floyd Mayweather Jr. and his TMT group. Earlier this month, 50 said he was breaking ties with TMT Promotions after Mayweather had failed to live up to his financial obligations to the partnership. Later, however, he claimed that the rift, which largely played out over Twitter, was just a publicity stunt.

Whatever the status of that relationship, 50's first fight as a promoter under SMS Promotions will take place Dec. 8 at the MGM Grand in Las Vegas, when his fighter Yuriorkis Gamboa squares off against a yet-to-be-named contender on the undercard of the fourth match between Manny Pacquiao and Juan Manuel Marquez. 50 is already licensed in his native New York. is your #1 source for Black celebrity news, photos, exclusive videos and all the latest in the world of hip hop and R&B music.

Click here to subscribe to our newsletter. 

(Photo: Jason Merritt/Getty Images)

Videos You May Like