Lil Baby Was Co-Investor In YouTuber Austin McBroom's Failed Boxing Event: Report

BYCole Blake17.8K Views
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Lil Baby, Investment, Social Glove

Lil Baby was reportedly an investor in the failed "Social Gloves" boxing event.

Lil Baby was reportedly an investor in the failed "Social Gloves" boxing event, according to a lawsuit from TikTokers Tayler Holder and Nate Wyatt against organizer Austin McBroom. McBroom, who is best known for the ACE Family YouTube vlog channel, promised hundreds of millions in earnings to investors for his event on June 12th. In reality, "Social Gloves: Battle of the Platforms" only sold 136,000 pay-per-view tickets for packages between $49.99 and $89.99.

The lawsuit reveals that Baby and Brooklyn Nets star James Harden combined to put $2 million into the lackluster pay-per-view. Investor material claimed that the event would bring in $200 million to $500 million.

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Page Six reports that Harden claims he is owed roughly $2.4 million.

The pay-per-view featured fights between Six YouTubers, including McBroom, and six TikTokers. They compared expectations to the Logan Paul vs. Floyd Mayweather fight.

After the underwhelming performance, legal representatives for Simply Greatness Productions sent a letter to creditors: "In light of the apparent underperformance of the Event, our firm has been retained to represent SGP in connection with either a workout of the claims of all of its creditors or if a workout is not feasible a likely bankruptcy filing."

[Via]


About The Author
Cole Blake is currently an Editor at HotNewHipHop based out of Brooklyn, New York. He began working at the site as an intern back in 2018 while studying journalism at St. John’s University. In the time since, he’s graduated with a bachelor's degree and written extensively about a wide range of topics including pop culture, film & television, politics, video games, sports, and much more. He’s also covered music festivals such as Gov. Ball and Rolling Loud. You can find him publishing work for HNHH from Monday to Wednesday or on weekends. On the sports front, Cole’s a passionate NBA and NFL fan with his favorite teams being the Indianapolis Colts and Los Angeles Lakers. He also roots for the Yankees whenever he finds himself at Yankee Stadium or the Red Storm when in the company of other SJU alumni. His favorite hip-hop artists are billy woods, Earl Sweatshirt, Cam’ron, MIKE, and Mach-Hommy.