Lil Wayne Sued, Could Lose The Young Money Domain Name To Previous Owner For Non Payment

Lil Wayne is dealing with another legal headache.

In 2011, the New Orleans rapper bought the YoungMoney.com domain name for $600,000 from Young Money Media, a company that provides "personal finance content and education to the young adult market."

According to TMZ, there is a clause in the selling agreement that allows Young Money Media to reclaim the domain name if Weezy didn't make payments on time. The company has filed a lawsuit to do just that because Wayne still owes them $250,000 and is refusing to hold up his end of the deal.

YoungMoney.com has become synonymous with Wayne's brand. It is used to promote his artists like Nicki Minaj, Drake and Lil Twist, plus sell YM-related merchandise. To lose it in a lawsuit would cause Wayne to forfeit the $350,000 he's already paid into acquiring it and have to start over with a new domain name fans are not familiar with. He may also have to pay damages and additional legal fees to Young Money Media.

Wayne didn't respond to TMZ's request for a comment.



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Tags: Could, Domain, For, Lil, Lose, Money, Name, Non, Payment, Sued, More…The, Wayne, Young

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Comment by paul on July 7, 2014 at 9:06pm
That's because Baby got all the money. Weezy don't get a dime from his allowance from his "daddy".
Comment by SMP on July 7, 2014 at 5:10pm
YKham, they ain't even rich, bunch of fa-ggot a-ss clowns that don't pay anybody, I don't get it why people still do business with them.
Comment by 50bones on July 7, 2014 at 3:31pm
All this money Birdman and Wayne talk about
yet they are still always behind on the bills....
stereotypes anyone?
Comment by snucxx72 on July 7, 2014 at 3:26pm
Wow This could be damaging to his career if he don't get that act right back
Comment by 1THUG aka Tha NYCHA LEGEND!! on July 7, 2014 at 2:07pm
Hoe squilla™ ya betch azz ran out tha barber shop wit out payin for ya edge up...how you gon yap aboutt not payin debts!! And ya line hella crooked negga!!

Ya barber edgar say he gon buckle you in to tha chair next time or make you pay up front!!
Comment by HoE KillA 253 on July 7, 2014 at 1:42pm
These n***** don't pay nobody... why do people still do business eith them?
Comment by Tyrus Starr on July 7, 2014 at 1:14pm
SNATCH IT FROM THIS FOOL!!!
Comment by YKham on July 7, 2014 at 1:10pm
Thats why these n***** rich....they don't pay the debts they owe.
Comment by Blaze on July 7, 2014 at 11:28am
CM are a bunch of June Bug Spade @$$ n*****! "Them boys ain't s√°+ and they owe everybody they ever knew money!
Comment by Them504boyz on July 7, 2014 at 11:17am
Hopefully he does, all that stunting them
ni-ggaz be doing. Sh-it is played out.



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