Lil Wayne and Birdman have been feuding for years as Wayne has been fighting to break all ties with his label head and former mentor. Now it’s been revealed that one of the reasons Wayne is so mad at Birdman is because the Cash Money head honcho allegedly blew through $70 million of a massive label deal.
As previously reported, last year, Wayne decided to sue Birdman for $51 million to end his contract with Cash Money Records. In the lawsuit, Wayne claims that Birdman violated his contract by withholding tens of millions of dollars from him that were supposed to be used for his Tha Carter V album.
According to recent reports, legal documents show that Wayne claims that Birdman secured a $100 million distribution deal with Universal Music Group that was supposed to be split between him and Wayne. However, Wayne alleges that he was only given a fraction of the original sum and that Wayne somehow blew through $70 million of it.
In the documents, Wayne claims that Birdman alleges that he spent the money on royalties, marketing and recording expenses. However, Wayne isn’t convinced that Birdman actually spent the money on their labels, Cash Money/Young Money, and that not nearly enough of the money went to him.
Wayne now wants Birdman to show records of how he spent the cash. However, Birdman’s lawyers reportedly already sent over more than 22,000 pages worth of documents that Wayne’s lawyers must sort through regarding Cash Money. However, Wayne’s legal team alleges that they have not found anything in the documents about what happened to the $70 million.
With so much money gone it’s no wonder that Wayne recently told an interviewer that he would never work with Birdman again and that he’s retiring from music. “Give me mine and I’ll walk off free, smiling,” Wayne said.
What do you think of the financial drama? Let us know in the comments.
