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Later regarding the month, Jackson's personal bankruptcy attorneys elucidated from the documents you to definitely courtroom costs and judgments exceeding $20 million over the past year had been the main cause away from the brand new filing. His assets were detailed as the between $10 million and you may $50 million in his case of bankruptcy petition, whether or not he testified below oath he is really worth $cuatro.cuatro million. To your July 17, the brand new Legal given an order allowing a collector in order to go ahead having the new punitive damage phase from an attempt facing Jackson inside the a great Ny county courtroom about the the new so-called launch of an exclusive video clips. Inside December, Mayweather and Jackson parted business, having Jackson overtaking the brand new venture organization and you can founding Sms Promotions with Gamboa, Dirrell, Dib, James Kirkland, Luis Olivares, and you may Donte Strayhorn inside the secure.

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Though he no longer has an equity stake in the company, Jackson continues