Dame Dash has finally been divested of his 1/3 share of Roc-A-Fella Records after a long-planned auction, and there’s a surprising new owner: the state of New York.
Dame’s share was sold as part of a judgment in a legal proceeding against him. At the auction on Thursday (November 14), the New York Postreported that the winning bid $1 million bid was placed by an anonymous state government employee. A portion of that million will reportedly go to New York City, to help collect Dash’s unpaid child support.
The reason the state bought the share of the company was, the article explains, so that they can in turn sell it, and put the money towards Dash’s tax debt of $8.7 million.
Attorney Chris Brown, who represents two of Dash’s alleged creditors, said, “The auction is over but the work is not complete. Mr. Dash’s legacy is now New York state property. I will work with New York state and New York City as the next phase of ownership of the shares.”
The potential value of Roc-A-Fella records was a contentious point leading up to the auction. In September, Dame accused JAY-Z of attempting to disrupt the auction.
Also See: What’s Happening With Dame Dash’s Shares of Roc-A-Fella?
No comments:
Post a Comment