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.
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New York City & State Want A Piece Of Roc-A-Fella Sale
“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
The post Dame Dash’s Roc-A-Fella Auction Postponed Over Massive Child Support & Tax Debts appeared first on HotNewHipHop.