Dame Dash has offered a special incentive to potential buyers of his shares in Roc-A-Fella Records — but only for a certain price.
Dame revealed on Instagram on Monday (August 19) that if the auction for his one-third ownership of the label crosses the $10 million mark, he will gift the buyer their own Roc-A-Fella chain.
AD LOADING...
He wrote: “Roc-A-Fella Inc. which only asset is Reasonable Doubt is for sale. A lot of people have made interesting offers but please only inquire if you are serious. If it goes for over 10 million that person will receive an original Roc-A-Fella chain.”
In the accompanying video, Dash added: “As we all know, one-third of Roc-A-Fella Inc. which owns Reasonable Doubt is for sale and I’ve gotten a lot of calls, a lot of offers. I’ve definitely got some very healthy offers and I appreciate those.
AD LOADING...
“And obviously if someone’s trying to hate on the price or trying to devalue it, it would be because they want to buy it. You know, like a first right of refusal,” he added, seemingly referencing his former business partner JAY-Z.
“So if you do wanna buy one-third of Roc-A-Fella Inc., you are gonna have to bring some bread. And anything over $10 million, I’m gonna sweeten the pot: you get an original Roc-A-Fella chain from off my neck.”
Dame Dash’s shares in the company go up for auction on August 29, with proceeds from the sale used to satisfy a nearly $1 million debt Dash owes film producer Josh Weber after he was sued for copyright infringement and defamation.
Dash is being forced to sell his shares by the judge who oversaw the legal dispute, though Roc-A-Fella co-founders JAY-Z and Kareem “Biggs” Burke previously objected to the public auction, claiming it went against the company’s bylaws.
Hov has also filed that regardless of who purchases the shares, ownership of his 1996 album Reasonable Doubt reverts back to him in 2031.
Dash appeared to deny this was the case, writing on social media: “They can say what they want, this shit is still for sale. You’re not buying a copyright, you’re buying a piece of a company ROC A FELLA INC.”
AD LOADING...
The minimum bid for Dame’s Roc-A-Fella shares cannot be less than $1.2 million in order to cover his debt and then some.
It is not known what happens if the shares fail to sell at auction or if Jay and Biggs are going to bid for the remaining third of the iconic record label.
