Is Lil Wayne Threatening To Shut Down Young Money?

EAST RUTHERFORD, NJ - JUNE 01:  (L-R) Drake, Lil Wayne and Nicki Minaj perform in concert during Hot 97 Summer Jam 2014 at MetLife Stadium on June 1, 2014 in East Rutherford City.  (Photo by Johnny Nunez/WireImage)

Is Lil Wayne Threatening To Shut Down Young Money?

The hip-hop titan has reportedly petitioned to have the label dissolved.

Published October 23, 2017

It would appear as though Lil Wayne has come to the end of his rope in the long-waged legal battle between himself and former mentor Birdman

According to new reports, the hip-hop heavyweight is threatening to dissolve Young Money under the pretense that it must be handled properly or will ultimately be shut down.

As reported by The Blast, Weezy recently filed legal documents demanding that the operations of the joint venture, under the Cash Money moniker, must be overseen by an advisor to supervise its operations or appointed a liquidator upon termination. Birdman has allegedly contested the request citing that Wayne has no legal holding to shut down the company considering he's still under contract. 

Back in 2003, Young Money was launched as a joint label under Cash Money Records with Wayne grooming its rising talent like Drake and Nicki Minaj. Since then, the "A Milli" rapper has gone on to file a lofty lawsuit against co-founder Birdman including $51 million for unpaid royalties, $8 million advance for Tha Carter V and full creative control of top-tier acts. 

In the midst of the hailstorm, several industry vets have come forward to defend Wayne and request that Birdman pay him his just due. The rap mogul, however, has remained relatively quiet on the dispute. Most recently, he broke his silence a few short weeks ago to clarify his stance on the situation. 

Perhaps Wayne's new court filing could be the last straw in the ongoing saga. Stay tuned for more details regarding this story. 

Written by Kai Miller

(Photo: Johnny Nunez/WireImage)

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