roc a fella

Drake Allegedly Offered Dame Dash $6 Million For His Roc-A-Fella Share But Backed Out

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Dame Dash claims that Drake offered him $6 million to take ownership of his stake in Roc-A-Fella Records, which includes rights to JAY-Z’s iconic album, Reasonable Doubt. Despite the alleged offer, Dame says Drake eventually backed out on the deal, which he describes as revealing of JAY-Z’s true legacy. “I thought that more people would be interested in buying it because of the art value of it. And that’s the only thing I was selling,” Dame said on America Nu Network. “Because of how everyone portrays that they love this dude, if they really loved him like that, I thought some collector like the Wu-Tang thing. Wu-Tang is loved. People really value them a certain way… There was no love.”

“Drake put in a bid for $6 million, but then he disappeared,” he went on to reveal. “I don’t know what happened.” As Dame’s claim circulated on social media, fans shared their own explanations as to why the shares didn’t go for more. “Or maybe he told everybody back off so it could be sold for cheap so you would still be scrambling to pay off the immense debt you’re still in. Just a thought,” one user on X (formerly Twitter) wrote. Another added: “Nobody dropping 10m and only have the rights for 7 years.. album is trash anyways.”

Read More: Drake Previews New Music At His 38th Birthday Bash: Watch

Drake Performs With JAY-Z In New York City

NEW YORK – SEPTEMBER 13: (Exclusive Coverage) Jay-Z and Drake perform at Yankee Stadium on September 13, 2010 in New York, New York. (Photo by Kevin Mazur/WireImage)

It’s not the first time Dame Dash has mentioned Drake having an interest in his shares of Roc-A-Fella. Back in September, he referenced the offer while discussing the Toronto rapper’s feud with Kendrick Lamar on America Nu Network. “Drake hollered at me through a DM and made and offer. I’m not quite sure what happened. But I thought that he had got with Jay on something, but I don’t know,” he said at the time.

Dame Dash Claims Drake Offered $6 Million For His Roc-A-Fella Share

Dame’s latest comments come after the New York state government purchased the shares for $1 million at auction in an attempt to recover $8.7 million the co-founder allegedly owes in back taxes. Check out Dame Dash’s full comments about the sale of his Roc-A-Fella stake below.

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Read More: Drake Reportedly Laughed The First Time He Heard This “Not Like Us” Bar

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The State Of New York Finally Takes Dame Dash’s Roc-A-Fella Shares Off His Hands

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Dame Dash has been trying for a while to sell his one-third share of Jay-Z’s Roc-A-Fella Records, and it seems like he’s finally on the other side of that hurdle. Moreover, according to the New York Post, the state government of New York purchased it for $1 million at a federal auction in Manhattan on Thursday (November 14). This is so the state can mitigate the record executive’s back taxes debt of $8.7 million, and an anonymous Albany representative emerged with the winning bid with hopes to flip it into a cash heavy solution to these monetary problems. However, it’s unclear how or when the state of New York will flip this purchase through a sale.

For those unaware, the government of New York City previously criticized Jay-Z for how he handled these Dame Dash shares and their sale. “Jay-Z has issued widely publicized statements warning potential bidders that copyright ownership will revert back to him in 2031,” NYC attorney Gerald E. Singleton wrote in a letter. “Those statements are false and extremely damaging to the City’s interests in ensuring that the auction will generate sufficient funds to satisfy all existing child support arrearages and secure future child support payments. […] The auction should be conducted in a manner that will bring the highest price for the benefit of affected judgment creditors.”

Read More: Dame Dash Calls Kanye West His “Brother” Amidst Ye’s Assault Lawsuit

Dame Dash’s Roc-A-Fella Shares Auctioned Off To The State Of New York

As for Dame Dash’s situation, he also wanted to sell his Roc-A-Fella shares to pay off a judgement against him stemming from a lawsuit involving film producer Josh Webber. Maybe this will start to close this chapter, but he still has a lot of other narratives to handle. For example, Dame is currently in a back-and-forth Internet beef with 50 Cent, and we all know how ruthless and relentless he can be with his trolling.

Nevertheless, it seems like this battle concerning Dame Dash’s one-third share in Roc-A-Fella just got its first big resolution, with a final flip still on the way. It was a long road, but perhaps one that will end in a relatively solid place for everyone involved. Of course, this could all become moot within a few days, weeks, months, or years, as many legal battles have long consequences.

Read More: Dame Dash Trolls 50 Cent For Patting Cam’ron On The Butt

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Dame Dash Roc-A-Fella Auction To Move Forward Despite Jay-Z Allegedly “Poisoning It”

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Earlier this week, Judge Robert Lehrburger denied New York City’s motion to stay the auction of Dame Dash’s Roc-A-Fella stake. According to court docs obtained by AllHipHop, Lehrburger’s decision means that the question of whether or not Jay-Z will be able to terminate the label’s Reasonable Doubt copyright will not be answered ahead of the auction.

“Intervenor NYCDSS’s motion to stay the auction for purposes of having this court determine the validity of the copyright termination notice filed by Shawn Carter a/k/a Jay-Z in connection with the work Reasonable Doubt, an asset owned by [Roc-A-Fella], is denied,” the judge said. “The asset that is the subject of the auction is Dash’s one-third interest in RAF itself, not the work owned by RAF. The court does not presently have jurisdiction over the validity of Carter’s copyright termination notice.”

Read More: Dame Dash Wonders Why JAY-Z Hasn’t Spoken Up Against Diddy Amid “Freak Off” Rumors

Judge Denies Motion To Stay Dame Dash Auction

The ruling comes after Gerald Singleton, attorney for the city, accused Jay-Z of having “poisoned the environment for the auction.” Jay-Z’s lawyer, Alex Spiro, later argued that it wasn’t the right time to work out Jay-Z’s rights to the album. “Put simply,” he explained. “This is not the appropriate time, forum, or case to litigate any issues relating to Jay-Z’s notice of termination.” Spiro also added that there was “no merit to NYC’s accusations.”

Judge Lehrburger additionally denied NYC’s motion to compel discovery of Roc-A-Fella before the Dame Dash auction. “The only subpoena directed to RAF of which the Court is aware is the one served by NYCDSS in state administrative proceedings,” he wrote. “No discovery subpoena has been served by intervenors in the instant action, nor should there be.” What do you think of a judge denying New York City’s request to stay Dame Dash’s Roc-A-Fella auction? Share your thoughts in the comments section down below and keep an eye on HNHH for more updates.

Read More: Dame Dash Calls Out Diddy For His “Disturbing” Allegations

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Dame Dash Wonders Why JAY-Z Hasn’t Spoken Up Against Diddy Amid “Freak Off” Rumors

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Despite feuding with JAY-Z over the sale of his shares in Roc-A-Fella, Dame Dash says the legendary rapper is still a “pillar of hip-hop” and doesn’t want anything bad to happen to him. The topic arose for Dame while speaking with America Nu about the allegations surrounding Diddy. Dame says he wants to know why JAY hasn’t spoken out about the situation.

“Watching what’s going on with Puff, it doesn’t feel good,” Dame began. “I don’t want to see someone… die or be tortured. I’m not going to celebrate the pain of anybody, any human being, even if they deserve it. The things that they’re saying… they’re terrible. It’s hard for me to even think that any of those things can be true. I don’t want them to be true. They’re saying they’re going to pick him up next year. I don’t want to see that man go to jail.”

Read More: Dame Dash Calls Out Diddy For His “Disturbing” Allegations

Dame Dash & JAY-Z Pose Together During Fashion Week

Jay-Z and Damon Dash during Mercedes-Benz Fashion Week Spring 2004 – Baby Phat – Backstage at Gertrude Tent, Bryant Park in New York City, New York, United States. (Photo by Johnny Nunez/WireImage)

From there, Dame discussed the hypothetical idea of JAY-Z getting roped up into the allegations. “As much as he’s been to me unfair toward, or not unfair, the way he’d be f*cking with my money, I want to hope that that’s the worst that he’s been doing,” Dame said. “I would never want to hear like, ‘Jay at the freak off party’, that’s crazy. The sh*t they saying, and I just be wondering why nobody… he don’t say nothing about it.” He added: “It would be such another big blow for Hip-Hop, regardless of what, perception-wise, Jay is also a pillar of Hip-Hop, and if anything bad happens to him, then it’s really going to look crazy for Hip-Hop. Jay’s supposed to be my son’s godfather. How does he do that to Boogie’s godson’s father?”

Dame Dash Speaks On Diddy & JAY-Z

Check out Dame’s full comments on Diddy and JAY-Z below. They come after authorities in New York arrested Diddy, earlier this month, on charges of sex trafficking and racketeering. He’s already pleaded not guilty to the crimes. Be on the lookout for further updates on Dame Dash on HotNewHipHop.

 
 
 
 
 
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Read More: Dame Dash Addresses Viral Picture Of Him & Aaliyah At A Diddy Party

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JAY-Z’s Handling Of Dame Dash’s Roc-A-Fella Sale Slammed As “Extremely Damaging” By NYC Lawyers

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JAY-Z is facing legal backlash from The City of New York through its Department of Social Services for his handling of Dame Dash’s attempt to sell off his stake in Roc-A-Fella. Gerald E. Singleton, an attorney for The City, has requested a pre-motion conference and stay of the auction sale. The move comes after JAY’s bombshell claim that copyright ownership of Reasonable Doubt will revert back to him in 2031 regardless of who buys Dame’s shares.

“JAY-Z has issued widely publicized statements warning potential bidders that copyright ownership will revert back to him in 2031,” Singleton wrote in a letter to Judge Robert W. Lehrburger, as caught by AllHipHop. “Those statements are false and extremely damaging to the City’s interests in ensuring that the auction will generate sufficient funds to satisfy all existing child support arrearages and secure future child support payments.” Additionally, lawyers for Roc-A-Fella are allegedly withholding critical royalty information, for which Singleton said The City will likely file motions for turnover orders against the company. “The auction should be conducted in a manner that will bring the highest price for the benefit of affected judgment creditors,” Singleton added.

Read More: Dame Dash Trolls JAY-Z Over His “Deep” Pockets Amid Roc-A-Fella Records Drama

JAY-Z & Dame Dash During The Launch Of The 40/40 Club

Damon Dash and Jay-Z during The Launch of Jay Z’s 40/40 Club – Inside Party at 40/40 Sports Bar in New York City, New York, United States. (Photo by Johnny Nunez/WireImage)

Dame weighed in on the latest update on Instagram on Sunday night, denying the validity of JAY-Z’s recent claims. “The State of NY has stepped in and filed the following to the courts… Jay-Z’s statements to the press have poisoned the environment for the auction,” he began. “He has claimed that he has a termination right under the Copyright Act and that the rights to Reasonable Doubt will revert to him in six years. In fact, he has no such termination right and RAF is entitled to the renewal term, which is now 67 years,meaning it will own the copyright rights until the year 2098. In other words, the highest possible auction price could be more than ten times higher than is likely now, given Jay-Z’s and RAF actions. RAF is complicit by its inaction in pushing back against such false statements.”

Dame Dash Calls Out JAY-Z

Dame is attempting to sell his shares in an effort to cover a judgment against him to film producer Josh Webber over the film Dear Frank. Check out Dame’s full comments on the situation below. Be on the lookout for further updates on JAY-Z and Dame Dash on HotNewHipHop.

 
 
 
 
 
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Read More: Dame Dash Fires Back At JAY-Z For His Latest Move Regarding “Reasonable Doubt”

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Dame Dash Challenges 50 Cent To “CEO War” Involving Their TV Networks

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Dame Dash is a mogul. He’s never pitched himself as a rapper, as evidenced by the song “I Am Dame Dash” where he raps about not being able to rap. We digress. Dash is someone who flexes on ops with business. This is why he decided to challenge 50 Cent on the business front. The former Roc-A-Fella boss told 50 to put his money where his mouth is, with regards to his TV network. He went as far as to say that his network would outperform 50’s in direct competition.

You might be asking why. As with most feuds involving 50 Cent, 50 Cent started it. The rapper claimed that Dame Dash “has no money now” during an episode of the Million Dollarz Worth of Game podcast. Dash caught wind of this, and decided to clap back on Instagram. “Somebody definitely sent me that cute sh*t 50 said about me not having no money,” Dash confirmed. “I feel like now me and 50 should have a battle, and no gangster sh*t…. That would be whack and corny for the culture.” The alternative Dame Dash proposed was a “CEO War.”

Read More: Dame Dash’s Roc-A-Fella Auction Postponed Over Massive Child Support & Tax Debts

Dame Dash Tried To Get 50 To Buy Roc-A-Fella Shares

Dash wants to see which hip hop businessman has their pulse on the culture. “He’s in the television network business now,” he asserted. “Let’s do CEO War… “I’m going to drop my network. And what I’m going to do is also drop a new original American movie.” Dash then urged 50 Cent to drop a movie on his network, so the two could directly compete. The businessman didn’t stop there. He used the opportunity to goad 50 into purchasing the 33% stake in Roc-A-Fella Records. Dame Dash has been ordered to sell off his share of the legendary label, but has been unable to find a buyer that suits his price range.

Dame Dash decided to try and kill two birds with one stone when it came to challenging 50 Cent. “Where you at? It’s still for sale,” Dash explained. “The starting price was 1.2. Now it’s 3 million. And if you got it like you say it, buy it. I challenge you.” Given how much trouble Dash has had selling off his 33%, we can’t blame him. That said, 50 Cent has enough going on to not have to worry about beef with Dame Dash.

Read More: Dame Dash Trolls JAY-Z Over His “Deep” Pockets Amid Roc-A-Fella Records Drama

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50 Cent Taunts Dame Dash While Listing His Grievances With The Roc-A-Fella Co-Founder

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50 Cent says that Dame Dash is out of money and trolled him for his alleged reaction to him signing with Eminem and Dr. Dre back in the day while speaking on the Million Dollaz Worth of Game podcast. He told Gillie Da Kid and Wallo that Dame scoffed at his $1 million offer from Interscope/Aftermath/Shady in 2002 and now is plagued by financial woes.

“The only person that pointed out that a million dollars was no money was Damon Dash, and he has no money now,” 50 said. “‘That ain’t no money. After you get a watch, a chain, you look out for the homies and you do this, that and the third… it’s nothing.’ And I was like, ‘N***a, I’m from 134th Street. A million dollars is a lot of money.’ I’m thinking I hit the lotto! How you gonna say it’s no money? I just never forgot that because of how it felt.”

Read More: 50 Cent Calls Dame Dash “A Real Sucker” For Trying To Get Jay-Z “Jammed Up”

50 Cent Performs During Dreamville Music Festival

RALEIGH, NORTH CAROLINA – APRIL 06: 50 Cent performs during the 2024 Dreamville Music Festival at Dorothea Dix Park on April 06, 2024 in Raleigh, North Carolina. (Photo by Astrida Valigorsky/WireImage)

Dame Dash has spoken publically about his recent financial troubles and is auctioning off his one-third ownership share in Roc-A-Fella. He needs to cover a lawsuit judgment stemming from a failed film partnership with producer Josh Webber. He also allegedly owes $197,000 in child support and nearly $9 million in taxes. The minimum bid for his Roc-A-Fella share is $1.2 million. He’s previously suggested that Kendrick Lamar pick up the stake in the iconic company.

50 Cent Speaks On Dame Dash’s Financial Woes

The sale of the Roc-A-Fella share has worsened his relationship with JAY-Z, who has attempted to block the move. Check out 50’s full comments on Dame Dash and his money below. Be on the lookout for further updates on 50 Cent and Dame Dash on HotNewHipHop.

Read More: Irv Gotti Confirms He Suffered A Stroke After Wack 100 Leaks Photo Of Him Using A Cane

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Dame Dash’s Roc-A-Fella Auction Postponed Over Massive Child Support & Tax Debts

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Dame Dash’s one-third stake in Roc-A-Fella Records was set to be auctioned off by the U.S. government on August 29, but now, the auction has been pushed back by nearly a month. It will now take place on September 22. The sale is intended to cover an $823K judgment Dash owes Josh Webber, who along with Muddy Water Pictures, sued him for copyright infringement and defamation in 2022.

According to Billboard, however, both New York City and the state want money from the sale too. Reportedly, he owes $197,000 in unpaid child support, as well as a whopping $8.7 million in unpaid taxes. Judge Robert W. Lehrburger explained in his ruling that the delay would allow more time to set a higher minimum bid. Webber’s attorney has a plan for how to disburse the money, which he made alongside the city and state, though Dash’s lawyer Natraj Bhushan was not involved.

Read More: Dame Dash Trolls JAY-Z Over His “Deep” Pockets Amid Roc-A-Fella Records Drama

New York City & State Want A Piece Of Roc-A-Fella Sale

Dame Dash’s Roc-A-Fella Auction Postponed Over Child Support & Tax Debt
Dame Dash speaks onstage during the 2022 InvestFest at Georgia World Congress Center on August 07, 2022 in Atlanta, Georgia. (Photo by Paras Griffin/Getty Images)

“We look forward to upcoming court conference so that all interested parties can be heard and the court can decide who gets what, and in what priority from the forthcoming public auction,” Bhushan says. The delay comes shortly after Jay-Z’s team filed a notice about the rights to his 1996 album Reasonable Doubt, Roc-A-Fella’s only asset. In 2031, the rights will officially go to him, meaning that whoever wins the auction will only get one-third of the album’s revenue for about six years.

Dash responded to this with a rant on Instagram Live. “They had some bum-a** board meeting and all of a sudden he gets first right of refusal. I don’t really care. It don’t slow nothing down for me,” he explained. “Now I don’t know how deep homie’s pockets is. I’m curious if he’s gonna match that. I put an offer on the table, lemme see if he’ll match it. But it was from other people.” What do you think of the planned auction of Dame Dash’s Roc-A-Fella shares getting delayed? Share your thoughts in the comments section down below and keep an eye on HNHH for more updates.

Read More: Dame Dash Reveals How He Got So “Broke” Before Roc-A-Fella Auction

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Dame Dash Trolls JAY-Z Over His “Deep” Pockets Amid Roc-A-Fella Records Drama

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Dame Dash went after JAY-Z during a rant on his Instagram page on Tuesday, after his Roc-A-Fella co-founder filed a notice that the rights to his 1996 album Reasonable Doubt will switch from the company to his possession in 2031. Dame has been attempting to sell his stake in Roc-A-Fella shares to cover a judgment regarding copyright infringement and defamation owed to movie producer Josh Weber.

“I don’t expect anyone, just some average person, to come buy it — or a third of it, my third. I don’t wanna get sued again,” he said. “I know, for some reason, nobody wants me to sell it, but I’m ready to just move on, do my thing. I had a lawsuit, I had a judgement, and I’m like, ‘Yo, that’s 800 grand. Go get it from over there. They not paying me neither!’ So, they went and did the work for me [to] paid that debt and I’ll be able to sell it. It all worked out for me. I’m sure there’s a little twist they put on things. I don’t know why. I do know why, but I don’t know why. I don’t know why about one thing, but I do know why about the other.”

Read More: Dame Dash Fires Back At JAY-Z For His Latest Move Regarding “Reasonable Doubt”

Dame Dash Celebrates His Birthday With JAY-Z

Damon Dash and Jay-Z during Damon Dash’s Birthday Party – May 4, 2004, at La Bodega in New York City, New York, United States. (Photo by Johnny Nunez/WireImage)

From there, he set his sights on JAY-Z. “They had some bum-ass board meeting and all of a sudden he gets first right of refusal. I don’t really care. It don’t slow nothing down for me,” he said. “Now I don’t know how deep homie’s pockets is. I’m curious if he’s gonna match that. I put an offer on the table, lemme see if he’ll match it. But it was from other people.” The auction is scheduled for August 29.

Dame Dash Speaks On JAY-Z

Dame and JAY have been at odds for years at this point. Check out the latest that Dame had to say about his former business partner below. Be on the lookout for further updates on Dame Dash and JAY-Z on HotNewHipHop.

 
 
 
 
 
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Read More: Dame Dash Reveals How He Got So “Broke” Before Roc-A-Fella Auction

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Dame Dash Reveals How He Got So “Broke” Before Roc-A-Fella Auction

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It’s no secret that Dame Dash has dealt with some financial issues in recent years. Currently, he’s gearing up to watch his Roc-A-Fella shares be auctioned off by the government. The auction is scheduled for later this month, and the minimum bid is $1.2 million. Profits from the sale will reportedly go to Josh Webber and Muddy Waters Pictures, who won a massive defamation and copyright lawsuit against Dash in 2022.

Ahead of the auction, he chatted with fans on Instagram Live, providing them with an update on his financial status. He answered one of fans’ most frequent questions, which is how exactly he’s gotten to this point. According to him, it wasn’t actually all that difficult.

Read More: Dame Dash Promises Roc-A-Fella Chain To Highest “Reasonable Doubt” Bidder

Dame Dash Claims Investing In His Dreams Made Him Broke

“Somebody asked me how I got so broke,” he began. “Investing in my dreams. You know, when you’re investing in your dreams and you dream big, you’re always gon’ be broke. You’ll have a lot of sh*t but I don’t have no money for nobody else if that’s what you call broke. That’s what it is. Either way, I’m get with y’all. Stay tuned. I’m curious to see how it all rolls out.” Dash’s latest update arrives just days after he promised to sweeten the deal for whoever ends up buying his portion of Roc-A-Fella.

In a clip that surfaced earlier this week, he revealed that he’ll be gifting “an original Roc-A-Fella chain from around [his] neck” to the buyer. “If I don’t give you the chain, it’s not a legit Roc-A-Fella chain,” he added at the time. What do you think of Dame Dash addressing how he became so “broke” on Instagram Live? What about his claim that investing in his dreams is the culprit? Share your thoughts in the comments section down below and keep an eye on HNHH for more updates.

Read More: Dame Dash Fires Back At JAY-Z For His Latest Move Regarding “Reasonable Doubt”

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