According to Dame Dash, Drake offered him $6 million for his part in Roc-A-Fella Records, which includes rights to Jay-Z’s iconic album Reasonable Doubt. Despite the reported offer, Dame claims Drake eventually pulled out of the arrangement, which he thinks is very telling of Jay-Z’s true legacy.
“I expected more people to be interested in buying it because of its artistic merit,” Dame told America Nu Network. “And that’s all I was selling. Because of how everyone presents that they love this person, if they truly loved him like that, I assumed some collector liked the Wu-Tang thing. Wu-Tang is beloved. People hold a certain worth for them … There was no love.”
As to why Drake pulled out last second, social media, especially Twitter had a lot of possible theories. One user claimed Jay-Z made the call, “Or maybe he told everybody back off so it could be sold for cheap so you would still be scrambling to pay off the immense debt you’re still in. Just a thought,” Another user on X (formerly Twitter) wrote. “Nobody dropping 10m and only have the rights for 7 years.. album is trash anyways.” And that theory actually makes a lot of sense, because spending $6 million to rent something for seven years doesn’t sound like the best investment.
So for the only buyer to have actually purchased a piece of Roc-A-Fella Records is funny enough the State of New York. According to the New York Post, the state government of New York paid $1 million for it at a federal auction in Manhattan on Thursday, Nov. 14. This is so the state may reduce the record executive’s $8.7 million back tax bill, and an unidentified Albany official emerged with the winning proposal, hoping to flip it. However, it is unclear how or when the state of New York intends to sell this purchase.
New York wins auction to lessen Dame’s tax burden
The State of New York also cleared up the rumor that Dame‘s portion of Roc-A-Fella Records would revert back to Jay-Z in seven years or 2031 claiming that those claims are false and Jay-Z and his lawyers know that.
“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,” the city statement read. “The auction should be conducted in a manner that will bring the highest price for the benefit of affected judgment creditors.”
Let’s see what Dame’s next steps will be.
