Looks like an unpaid debt would cost the young rapper his entire career! Lil Wayne could lose Young Money forever!
Business partners, Lil Wayne and Birdman may be at the very verge of losing their Young Money Records Label due to an unpaid debt.
Looks like the firehose that promotes stars likeDrake and Nicki Minaj among many others got its name from a website back in the day.
According to a new lawsuit, before there was Young Money there was something called youngmoney.com - a business specializing in helping young entrepreneurs manage and make money for more than a decade. continue...
Looks like the firehose that promotes stars likeDrake and Nicki Minaj among many others got its name from a website back in the day.
According to a new lawsuit, before there was Young Money there was something called youngmoney.com - a business specializing in helping young entrepreneurs manage and make money for more than a decade. continue...
Birdman, co-founder of young Money Records
The company that owned the website sold it toWayne's Young Money label in 2011 for $600,000. But there was a clause attached to the deal - If Wayne's Young Money didn't make the payments on time, YM would forfeit the name youngmoney.com and it would go back to the seller, according to TMZ report.
The recent lawsuit is claiming Wayne's company hasn't paid the$250K balance it owes and is blatantly blowing off its obligation. So the seller is suing to get its domain name back.
Wayne nor YM records have made no comments so far.
The company that owned the website sold it toWayne's Young Money label in 2011 for $600,000. But there was a clause attached to the deal - If Wayne's Young Money didn't make the payments on time, YM would forfeit the name youngmoney.com and it would go back to the seller, according to TMZ report.
The recent lawsuit is claiming Wayne's company hasn't paid the$250K balance it owes and is blatantly blowing off its obligation. So the seller is suing to get its domain name back.
Wayne nor YM records have made no comments so far.
