Dame Dash Offers Original Roc-A-Fella Chain to $10M Label Share Buyers

Dame Dash aims to attract potential buyers willing to pay at least $10 million for his share of Roc-A-Fella Records by offering an original Roc-A-Fella chain from his personal collection. The former CEO of the iconic label took to social media on August 19 to post a video announcing his unique incentive.

“As we all know, one-third of Roc-A-Fella Inc, which owns Reasonable Doubt, is for sale,” Dash stated. “I’ve gotten a lot of calls, a lot of offers. I don’t know if people are stunting or not. We’ll see who shows up, but I definitely got some very healthy offers and I appreciate those.”

To sweeten the deal, Dash is offering up one of his personal Roc-A-Fella chains to anyone willing to meet his price. “If someone’s trying to hate on the price or trying to devalue it, it would be because they want to buy it like a first right of refusal,” he said. “Anything over 10 million, I’m going to sweeten the pot. You get an original Roc-A-Fella chain from off my neck.”

Dash reminisced about how he was the only one at Roc-A-Fella who would personally gift chains, as he did with Kanye West and Camron. “If I don’t give you the chain, it’s not a legit Roc-A-Fella chain,” he emphasized. “You get one of these. This is legit. This is the old school one from off my neck.”

The announcement comes amid claims that Jay-Z is attempting to devalue the shares. His attorneys recently filed a legal notice to potential bidders indicating his intention to retain master recordings for his debut album “Reasonable Doubt,” regardless of the share’s ownership.

In response, Dash took to social media to reinforce his decision to sell his shares. He made it clear that bidders are not just buying an album’s copyright but a stake in one of hip-hop’s most legendary labels. “They can say what they want, this sh*t is still for sale,” the Harlem native wrote on Instagram, displaying the cover of “Reasonable Doubt.” “You’re not buying a copyright; you’re buying a piece of a company, ROC A FELLA INC.”

Dash’s public auction for his stake in Roc-A-Fella Records is scheduled for August 29 in New York City. This move follows a court order requiring him to sell his share to satisfy an $823,000 debt owed to movie producer Josh Weber. This debt relates to a copyright infringement and defamation judgment tied to the 2016 film “Dear Frank.”

Jay-Z and Roc-A-Fella cofounder Kareem “Biggs” Burke tried to block Dash from selling his share, but their efforts have been in vain. Purchasers will likely benefit financially from the proceeds generated by “Reasonable Doubt” only for approximately five more years, after which ownership of the album will revert to Jay-Z.

Source: Particlenews