Jay-Z Under Fire For Allegedly ‘Poisoning’ Damon Dash’s ‘Reasonable Doubt’ Auction
Jay-Z Under Fire For Allegedly ‘Poisoning’ Damon Dash’s ‘Reasonable Doubt’ Auction
Jay-Z is in hot water over the rights to Reasonable Doubt.
The tug-of-war between Jay-Z and Damon Dash took a new turn as New York City stepped in, accusing Jay-Z of intentionally undermining the auction for Damon Dash’s one-third stake in the iconic album.
Over the weekend, Damon Dash took to social media to share documents that assert Jay-Z’s alleged actions are diminishing interest in the auction, which is crucial for Dash, who owes significant child support and back taxes.
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In newly filed documents, the NYC Department of Social Services claimed Jay-Z is “poisoning” the auction by making public statements suggesting that Dash’s share would revert back to him in 2031. However, the city argues this interpretation misrepresents the original recording deal Jay-Z signed, insisting that the rights to Reasonable Doubt will remain with Roc-A-Fella Records until 2098. NYC explained that if this is true, the winning bid could be ten times higher because the purchaser would benefit from profits for 74 years instead of just seven.
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With Dash facing a staggering $193,000 child support debt and several million in back taxes, the outcome of this auction is critical. The NYC Department of Social Services expressed concern that Jay-Z’s comments could diminish the potential bid amount, directly impacting the financial support for Dame’s obligations.
In response, Roc-A-Fella Records issued a statement through attorney Alex Spiro, asserting that Jay-Z never made any public statements and that the media misrepresented his legal team’s comments.
Spiro further noted that the matter of whether Dash’s share will revert back to Jay-Z is “woefully unripe,” arguing that this is not the right time to address those legal questions.
Despite the challenges, Damon Dash is urging interested parties to place their bids, emphasizing that the auction is a serious opportunity. He posted a message back in August, stating,
“They can say what they want, this s*** is still for sale. You’re not buying a copyright, you’re buying a piece of a company ROC A FELLA INC. Please only serious inquiries only!”
With tensions rising and stakes high, the battle over Reasonable Doubt continues to captivate the public. What are your thoughts on the ongoing feud?
[VIA]