Lil Wayne‘s label could lose a huge asset in promoting its Young Money Entertainment’s artists, according to a new lawsuit.
When Weezy kicked off his label in 2011, it bought the http://www.youngmoney.com website from an organization that helped young entrepreneurs manage and make money. The transaction cost Lil Wayne’s company $600,000.
But, there were stipulations to the purchase. If Young Money didn’t pay the entire $600,000 in full, the website would forfeit to its original owner. As of publication, Young Money owes $250,000 and has failed to pay up the past three years.
The lawsuit, filed by the original owner, is asking for the domain back since the transaction was never completed.
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