Damon Dash‘s personal share of Roc-A-Fella Records may be up on the auction block — but the potential buyers may have regrets over the purchase because of some key factors.
Sources with direct knowledge of the sale tell TMZ Hip Hop … Whoever buys Dame’s stake in Roc-A-Fella will only be a minority owner — without authority over any decision-making in the company.
The reason … all Roc-A-Fella Records decisions still require a majority vote — so even if they wanted to make business moves with what they’re inheriting from Dame (masters, etc.) they probably won’t be able to do it very easily … if at all.
Our sources also say this … “There’s also an expiration date on the master ownership for the company, which means revenue and the only asset doesn’t have many years left.”
We broke the story … Dash lost a $800k+ lawsuit, resulting in his 33.3 percent interest in Roc-A-Fella being seized and sold at an upcoming U.S. Marshal auction in Manhattan on August 29.
The crown jewel of DD’s stake is said to be Jay-Z‘s and the company’s debut album “Reasonable Doubt,” released in 1996 … but as our sources outlined, soundtracking or licensing the music would be impossible without Jay and Roc’s other co-owner, Kareem “Biggs” Burke‘s approval. And from the sounds of it … they’re a bit cagey on that.
Dame actually felt this firsthand a couple of years ago when he tried to make a few dead presidents via a “Reasonable Doubt NFT” but got blocked before reaching the end zone.
So, to whoever gets the rights to the masters … good luck trying to make “dead presidents” off ’em.