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New York State just obtained Dame Dash’s one-third share in Roc-A-Fella Records to redeem the $8.7 million in back taxes the music executive owed.
According to the New York Post, an unnamed Albany representative won the $1 million bid for the share at a federal auction in Manhattan earlier this week. The state is looking to flip the 33.3% share through a creditor bid, which means the buyer doesn’t need to pay the $1 million right away and can sell the share with no risk involved.
New York state can now profit from the rights to Roc-A-Fella’s most valuable asset, Jay-Z’s debut album Reasonable Doubt. In addition to the state recouping the $8.7 million Dame owes in back taxes, $193,000 will be taken out of the funds from the bill to settle the Roc co-founder’s child support bill. Dame also owes a $823,000 judgment to director Josh Webber.
“The auction is over but the work is not complete,” attorney Chris Brown said. “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 federal auction was supposed to happen earlier this year, but Hov stepped in back in August to try and claim the rights to Reasonable Doubt. According to Jay’s claim, the rights to his debut album would go back to him in 2031 due to a clause in the Roc-A-Fella contract he signed. However, the city of New York submitted a filing that claimed Jay was making false statements regarding the rights to the album.
“Jay-Z has issued widely publicized statements warning potential bidders that copyright ownership will revert back to him in 2031,” the city wrote in the letter to the court that All Hip-Hop obtained. “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.”
Jay-Z did not attend the federal auction on Thursday, and Dame’s lawyer Natraj Bhushan made a note of it, especially now that the government is a factor in this whole ordeal.
“I think it’s surprising not to see Mr. Carter here bidding on a one-third interest. Now he has the government involved in his affairs,” Bhushan said in a statement according to The New York Post.
in HTML format, including tags, to make it appealing and easy to read for Japanese-speaking readers aged 20 to 40 interested in fashion. Organize the content with appropriate headings and subheadings (h1, h2, h3, h4, h5, h6), translating all text, including headings, into Japanese. Retain any existing
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New York State just obtained Dame Dash’s one-third share in Roc-A-Fella Records to redeem the $8.7 million in back taxes the music executive owed.
According to the New York Post, an unnamed Albany representative won the $1 million bid for the share at a federal auction in Manhattan earlier this week. The state is looking to flip the 33.3% share through a creditor bid, which means the buyer doesn’t need to pay the $1 million right away and can sell the share with no risk involved.
New York state can now profit from the rights to Roc-A-Fella’s most valuable asset, Jay-Z’s debut album Reasonable Doubt. In addition to the state recouping the $8.7 million Dame owes in back taxes, $193,000 will be taken out of the funds from the bill to settle the Roc co-founder’s child support bill. Dame also owes a $823,000 judgment to director Josh Webber.
“The auction is over but the work is not complete,” attorney Chris Brown said. “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 federal auction was supposed to happen earlier this year, but Hov stepped in back in August to try and claim the rights to Reasonable Doubt. According to Jay’s claim, the rights to his debut album would go back to him in 2031 due to a clause in the Roc-A-Fella contract he signed. However, the city of New York submitted a filing that claimed Jay was making false statements regarding the rights to the album.
“Jay-Z has issued widely publicized statements warning potential bidders that copyright ownership will revert back to him in 2031,” the city wrote in the letter to the court that All Hip-Hop obtained. “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.”
Jay-Z did not attend the federal auction on Thursday, and Dame’s lawyer Natraj Bhushan made a note of it, especially now that the government is a factor in this whole ordeal.
“I think it’s surprising not to see Mr. Carter here bidding on a one-third interest. Now he has the government involved in his affairs,” Bhushan said in a statement according to The New York Post.
and integrate them seamlessly into the new content without adding new tags. Ensure the new content is fashion-related, written entirely in Japanese, and approximately 1500 words. Conclude with a “結論” section and a well-formatted “よくある質問” section. Avoid including an introduction or a note explaining the process.
