Lil Wayne claims he’s done with Cash Money Records because Birdman stole money from him and now he’s giving details.
According to reports, Lil Wayne is accusing Birdman of spending advance money.
All Hip Hop writes:
Lil Wayne claims Bryan “Birdman” Williams blew almost 70% of a $100 million advance meant to fund their Young Money/Cash Money venture.
Lil Wayne formed Young Money in 2003 with a controlling 49% interest in the venture, while the other 51% is owned by Cash Money Records.
Wayne’s $51 million lawsuit against the label claims he was shorted almost $10 million in advances, while getting stiffed on receiving royalties for Young Money acts like Drake and Nicki Minaj.
In the latest filings, Lil Wayne claims Birdman managed to spend $70 million of the advance, on paying royalties, marketing costs and recording expenses.
Lil Wayne’s legal team wants a closer look at Cash Money’s books, to try and get a handle on how Birdman managed to spend so much money.
By: Amanda Anderson-Niles | urbanbellemag.com