Thursday, December 20, 2012

50 Cent Deserves to Comment on Mayweathers Finances





It is ironic that we arrive at this impasse in boxing sensationalism by discussing a man who calls himself “Money” and a man known as “50 Cent”. For maturity purposes only we at the Loaded Gloves will refer to the near 40 year olds as Curtis Jackson and Floyd Mayweather Jr. Obviously their rift is becoming a modern soap opera filled with Rap Radio stations, social media and innuendo involving a booty model. The High Road was detoured from the minute these two made their rift public, so now all that is left is for us to be able to discern what is real and what isn’t. For my money both men are good for Boxing, Floyd in the immediate economy and Curtis in the long-term. I believe Curtis Jackson despite having come from a culture where he has been involved in violent senseless BEEF is genuinely hurt by Floyd’s “changing his mind” about going into the Boxing Business together. I also believe that Floyd felt put upon by some of the executive moves made by Curtis while he was incarcerated and may not have communicated himself clearly, especially when flunkies started to muddy the water. Whatever happened I think it’s important to point out some of the troublesome and hypocritical aspects associated with Mr. Mayweathers “branding” and how any intelligent person can see through his current position of restraint. I will proceed however with sensitivity for the Mayweather Family as now Roger (as well as Floyd Sr.) struggle with health issues.

You can’t define the parameters of a game, play it with impunity and then hint at foul play when the game catches up to you. Floyd Mayweather chose the moniker “Money” and with that brand decided that flaunting his wealth like a Rapper was good for business, and it was, the Boxing business. Curtis Jackson may have had something to do with this approach but now that they are estranged Mr. Jackson is now quick to point out the ultimate failure of that approach when it came to “out of the ring” income. In his Power 106 interview he sounded like the mogul he is, I think the term was “Brand Extension”. I knew this years ago, that Q Rating is why Manny Pacquiao is chasing Wild Rabbits and Nike will get behind his effort to beat Juan Manuel Marquez once and for all in 2013-and not the greatest fighter (Floyd) of this generation. Curtis Jackson also pointed out the “spend, fight, spend model” and the lack of business management in Floyds career-something deeply offensive coming from a friend because it has more validity than if it came from the random “Broke Motherfuckers” Floyd taunts in interviews. Recently at a charity event Floyd hinted at Mr. Jacksons comments being out of bounds stating that it was somehow inappropriate to comment on “another man’s pockets” and I totally agree-unless it’s Floyds pockets we’re talking about.

And here is a reminder of why it is Totally Appropriate for Mr. Jackson to comment on Mr. Mayweathers financial situation.

For one Floyd Mayweather has become the most quoted active Boxer in history when it comes to the inner workings of his finances and how much control he has in his career. For starters Mr. Jackson pointed out what any rational person already knew that Mr. Mayweather is unofficially a Golden Boy fighter-something he’s been railing against for years. Mayweather took every possible opportunity to tell us GBP works for him, and he probably does pay them a flat rate to promote his events but they have the exclusive rights to do so above any other firm. I never understood how it was worthy of spin, who wouldn’t want to be the number one draw for the number one Promoter in Boxing? A company that made Floyd the highest paid athlete in 2012? It was appropriate for Jackson to comment on the arrangement because Mr. Mayweather led him to believe he was independent of GBP, why else would Mr. Jackson call Oscar De La Hoya “girl” (on Twitter) when he believed he and his friend were moving on without GBP?. When Richard Schaeffer says “Mayweather Promotions” what he really means is “we call Al who calls Leonard, who calls Floyd”. It is also appropriate for Mr. Jackson to comment on Floyds finances because he spent a reported 2 million to get Fighters out of contracts to begin a new venture (with Floyd) but could not secure investment from his friend who he probably has seen waste that kind of money on frivolous pursuits. Mr. Jackson was under the impression that Floyd was interested in making an investment in his post boxing career so he overlooked the realization that Mayweather Promotions didn’t even have a corporate seal. Remember, Floyd Mayweather pioneered talk about PPV Buys, income, and disclosure about the purse disparity he enjoys, he injected this into the Boxing pre fight dialogue –he created the “New Normal”. As Boxing fans we always knew Ray Leonard and Oscar De La Hoya were rich, but we didn’t care nor did they talk about “how” rich; Leonard didn’t brag about buying Hagler off to give him a big ring and 12 Rounds. Had he done so in 1987 it would have damaged his brand, now he throws it in as an obscure fact when discussing his history.


Floyd Mayweather is unfortunately in no moral position to call for civility from Mr. Jackson because Rappers aren’t Civil; if you start Beefing with one of them money will come up. Mr. Mayweather also made a habit out of commenting on the state of Manny Pacquiao’s financial affairs; he even utilized a propaganda website to gossip about loans Arum made to the Filipino star. It was never good enough that he enjoyed all of the natural advantages (and in my opinion) would have beaten Pacquiao, in true Hip Hop fashion he had to call his rival broke. He talked about Oscar De La Hoya as if Oscar WON their 2007 fight; bitter vitriol aimed at a man that he knew win or lose had more money than him-but nobody could read between the lines. Even in defeat Mr. Mayweather points out that Pacquiao rise was “off of my back” as if he didn’t cherry pick every opponent that could draw a crowd, why else fight Arturo Gatti in Atlantic City? Mr. Mayweather also made it a point to talk explicitly about Shane Mosley’s alimony arrangement poking fun at Jin Mosley taking “all of Shane’s money”. Curtis Jackson cares about Mr. Mayweather, only a friend would be wary of a Harvard Educated Business Manager allowing a client to travel with duffel bags of cash. Mr. Mayweather is also good at Tweeting Betting slips…when he wins as if trying to affirm that he’s smarter than you think he is. If Arnold Rothstein were alive today he’d tell the Welterweight never bet on anything that isn’t already in the bag (like the 1919 World Series) in other words Floyd should stick to betting on himself in fights. So you see this is all legal and above board, Curtis Jackson has every right to comment on his friends “pockets” because that’s’ all, his friend ever talked about-his and everyone else’s. If Floyd were smart he’d drop the Money Moniker all together because it opens you up for situations you can never anticipate nor handle appropriately if you aren’t “from” Money. 

How many legitimate businessmen do you know spend millions to go into a joint venture only to have their partner back out with no ramifications?.Would Donald Trump bite his tongue if Mark Cuban backed out on a well publicised joint deal? or would he bite back to protect his reputaion as a serious business man?.
 
You Decide.
 






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