Dame Dash has taunted longtime rival JAY-Z ahead of the sale of his one-third ownership in Roc-A-Fella Records.
Speaking on Instagram Live on Tuesday (August 20), the embatttled mogul spoke about the upcoming auction and said he’s curious to find out just how “deep” the Brooklyn billionaire’s pockets really are given Hov has right of first refusal as the company’s co-founder.
“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!’” he added, referencing the $823,000 he owes movie producer Josh Weber who successfully sued him for copyright infringement and defamation over the 2016 film Dear Frank.
“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.”
Dame then turned his attention to his former business partner, saying: “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.
“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.”
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The sale of Dame Dash’s Roc-A-Fella shares hasn’t helped mend any fences between him and JAY-Z.
Earlier this month, Hov made a legal filing alerting potential buyers that the copyright ownership of his debut album Reasonable Doubt reverts back to him in 2031, regardless of who owns the label at that point.
Dame hit back at the move, writing on Instagram: “They can say what they want, this shit 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!”
JAY-Z and fellow Roc-A-Fella co-founder Kareem “Biggs” Burke also previously objected to the public auction, claiming it went against the company’s bylaws.
Dame’s shares will be auctioned off by the federal government on August 29 to satisfy his six-figure debt to Weber. The minimum bid cannot be less than $1.2 million in order to cover this amount and then some.
In recent days, Dash has attempted to up the ante by offering the winning bidder an original Roc-A-Fella chain — but only if they cough up more than $10 million for his shares.
