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(AllHipHop News) Boxing legend Mike Tyson recently warned rapper 50 Cent about the pitfalls of the boxing industry in an interview with Entertainment Sports Radio.

BoxingScene.com reports that Tyson discussed his views on 50 Cent’s new venture with Floyd Mayweather Jr., The Money Team Promotions aka TMT Promotions.

50 Cent and Floyd Mayweather have already signed several high-profile boxers to TMT Promotions, including Yuriorkis Gamboa, Andre Berto, Billy Dib, and Celestino Caballero.

“I wish 50 Cent the best of luck in the world with the endeavor that he’s doing, but this is something that 50 Cent has to know when you’re dealing with something like boxing and you’re dealing with human beings,” Mike Tyson said. “We calling it peddling the flesh. Even though you’re paying them, you’re still dealing and flesh.”

According to Tyson, the sport of gambling is so corrupt that he believes it should be taken over by the government.

Tyson warned 50 Cent that his new company with Floyd Mayweather could also cost him his career as an entertainer.

“50 is a rap star, 50 is an entertainer, 50 is an entrepreneur,” Mike Tyson said. “He doesn’t really know the ins and outs of boxing. He probably knows what Floyd tells him, but once he gets in this arena, everyone that was ever his friend on the other side is [now] his enemy.”