Suge Knight Doesn’t Get The Deal Done
Global Music Group’s $24 million dollar June acquisition of Death Row has been terminated, according to a lawsuit filed in bankruptcy court by Suge Knight’s estate and the trustees of Death Row Records.
The complaint details that Global Music Group failed to consummate the acquisition of the label as required by a deadline of July 23, 2008, or by the forbearance extension date of July 29.
The lawsuit goes on to state that “since July 29, GMG (Global Music Group) has continued to fail to forward the purchase money, instead making a number of requests for extension, none of which has been granted by the Trustees.”
The trustees of Death Row and Suge Knight’s estate are now requesting that the courts allow the label to again negotiate with other potential buyers.
If approved, Death Row’s assets including its masters collection of albums would again be up for public auction.
Good because I wasn’t feeling this broad owning Pac’s sh!t anyway!
suge is washed up! He’s bankrupt and he go knocked out.
He fucked up the whole label so bad. Why? This nigga could have been head of the “motown of rap” but instead of doing that, he fucked it up. There’s igonorance and pure igonorance. He is the ladder.
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