LIL WAYNE OUT CHEA STRUGGLING CANT PAY HIS 1MILL JET DEBT

The_King_of_Everything

The_King_of_Everything

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Hopefully drake can hook him up with a stimulus :lupe:
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Lil Wayne has been sued for more than a million dollars by Signature Group LLC of Miami, who says the rapper / sports agent / entrepreneur owes the company for missed payments, charges and fees on a leased Gulfstream jet.

The complaint filed against Dwayne Michael Carter Jr (Lil Wayne) and Young Money Entertainment says the plane was used in 2013 and most of this year, and the full operating costs were not paid, along with the cost of some upgrades that were made to the jet at the group's request. Those upgrades include satellite phones, a custom bed, and sophisticated medical equipment. That last one has me stumped.

Signature Group's owner, Kevin Parrott said:

"We provided Lil Wayne and his Young Money organization with the service they desired and expected, since 2006. We've mutually benefited from our longstanding working relationship and have had the pleasure of flying several artists under the Young Money Entertainment umbrella. This suit could have been avoided if Young Money Entertainment paid Signature Group, as promised, before the upcoming 2014 Drake vs. Lil Wayne tour."



For a guy that raps so much about money, he supposedly doesn't have the cash to pay his tab. "We have multiple text messages from his management team... stating that they have 'no money' to pay the bills currently, contrary to the earlier and repeated promises to pay," said Signature Group's attorney, Scott Konopka.

Signature Group says all attempts to communicate with Young Money Entertainment have have failed, which had necessitated the lawsuit amounting to $1,066,751.67.
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Ayo

Ayo

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OnlyInCalifornia said:
Much better to lease than own on that one breh
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If you can't afford to buy one outright...

This isn't a car. It's a plane. 15 years from now it's still going to fly. Plus, when you're not flying in it you can lease it out to fractional ownership companies. The plane will pay for itself and it's maintenance.

If you can afford one.

And as I've been saying for awhile now these nikkas don't have money like ya'll think they have money. They have payments on everything. And when the money slows just a tiny bit...and you're living that $1,000,000 a month lifestyle. The money goes REAL quick.
 
Amestafuu (Emeritus)

Amestafuu (Emeritus)

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EducatedBrothaFromTheBank said:
no wonder Baby and nobody from Cash Money ever appear on the Forbes List.

you Universal, or whoever is the main company is takin like 85% of the profits :mjlol:
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Lies

Check Forbes again Drake eating. He makes more than Wayne owns pub and masters... Everyone else getting molested
 
Idaeo

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Juvenile Says Lil Wayne Wanted To Leave Cash Money In Mid 2000s

Juvenile says Lil Wayne wanted to leave the Cash Money label in the mid 2000s and adds that, "Wayne really got beat out of all his money."
The Juvenile/Cash Money saga has been a long one. After he began his career as a Cash Money artist, Juvenile and the label have been at odds over financial matters. Now, Juvenile is speaking on how other artists wanted to leave soon after he left the CM ship. In an interview with Complex, Juve talks about how Lil Wayne once wanted to leave too
“When Wayne was trying to leave Cash Money [in the mid 2000s], same thing," he explained. "He was trying to find out how did I leave, what did I do, he wanted to see my paperwork. I was like you can see it, but you’re gonna have to pay me for it now because now I know you ain’t with me. You’re own your own because I’m definitely on my own. If you want the paperwork and help from my end, I need to be compensated for it. [He never paid for it]."
Juvenile also added that he feels "Wayne really got beat out of all his money."
“Still up to the day, Wayne really got beat out of all his money and took another contract. That’s the part I never understood. I was signed to Atlantic and Jay-Z was excited about that because now we was about to get our own money. That’s what I really wanted. I wanted him to leave. All of a sudden he signed back I’m like, ‘Damn, what type of deal he got working?’"
Juve went on to say that Cash Money is still not giving Wayne what he deserves.
“If you notice the Young Money/Cash Money imprint, some of the stuff that need to say Young Money don’t say Young Money. I know Baby and I know Ronald ["Slim" Williams]. They ain’t giving up power of their company. They don’t care how big Wayne gets, they not giving up. If I didn’t get it, he ain’t getting it."
Juvenile went on to add that he felt Wayne was "scared" to leave.
“I thought he was scared [that’s why he stayed],":birdman: Juvenile explained. "That’s how I took it. I was like, ‘You don’t have to be scared.’ I’m really from the projects. No disrespect to them, but I’m 10 times more street than they are. They would never go to some of the places I’d go, they’d never turn some of the corners I turned because they’re not like that. It’s two different ballgames. So I’m like, ‘Don’t let them nikkas intimidate you. Don’t let that looking hard shyt intimidate you because nikka I’m really with it. If you wanna leave, leave. You’re with me now, not them.’ One thing led to another and he signed back, but I took it as he was scared.”




"Scared money don't make no money" - Young Jeezy ft. Lil Wayne :heh:
 
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