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.



Follow Me

Join Our Facebook Fan Page Check Us Out On MySpace Follow Us On Twitter Follow Me On Youtube Like MY Facebook Page Connect With Me On Linkedin Connect With Me On Google+ Join My Website Follow Us On Twitter

Views: 15919

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

Comment

You need to be a member of ThisIs50.com to add comments!

Join ThisIs50.com

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 PUT ah HOLE in ya CREW 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.



Upcoming Releases

Members

 


Example Searches:
music, girls, Bentley

Latest Activity

Daphenous Reid commented on ChasinDatPaper's blog post Jhené Aiko Performs 'No Pressure' On The Today Show (Video)
"WEST COAST! !!!!"
2 minutes ago
F***THEWORLD commented on ChasinDatPaper's blog post August Alsina Collapses, Falls Unconscious During NYC Concert. Suffered Multiple Seizures *UPDATE* Singer Awakes From 3-Day Coma, Issues Statement (Video)
"Thats karma for his b**** a**!"
11 minutes ago
F***THEWORLD liked ChasinDatPaper's blog post August Alsina Collapses, Falls Unconscious During NYC Concert. Suffered Multiple Seizures *UPDATE* Singer Awakes From 3-Day Coma, Issues Statement (Video)
12 minutes ago
Jux commented on ChasinDatPaper's blog post August Alsina Collapses, Falls Unconscious During NYC Concert. Suffered Multiple Seizures *UPDATE* Singer Awakes From 3-Day Coma, Issues Statement (Video)
"all that weed and alcohol catchin up... n**** better slow down smh"
20 minutes ago
BG commented on ChasinDatPaper's blog post DNA Test Proves Proves Mathew Knowles Fathered 2nd Child While Married To Beyonce's Mom
"This Niqqa was bussing nuts in erbody!"
55 minutes ago
paul commented on ChasinDatPaper's blog post Big Pun's Widow Liza Rios Sues Fat Joe For $1 Million For Failing To Fulfill Financial Agreement With Her Husband
"B**** trying to extort money offa Fat Joe. Don't give her a dime."
57 minutes ago
jBrizzle commented on NewMusic's blog post Jennifer Lopez Ft. Iggy Azalea - Booty (Remix) Official Music Video
"Anyone talking smack @ Jenny should be beatchslapped!"
59 minutes ago
paul commented on ChasinDatPaper's blog post Nick Cannon Lines Up TV & Book Deals For His New Client Amber Rose (Video)
"TLDR on Amber's empowering women strategy: Get a unique look and sleep with a couple of rappers. If you're lucky, one of them will be too high to realize they are marrying you. Cash it in afterwards."
1 hour ago

© 2014   Created by 50 Cent.

Badges  |  Report an Issue  |  Privacy Policy  |  Terms of Service

© 2012   Created by 50 Cent.   Powered by .

Badges  |  Help  |  Terms of Service | Privacy Policy