YOUNG BUCK REPORTEDLY AUCTIONING OFF CATALOG TO PAY OFF $250K DEBT TO 50 CENT

Started by Detroit24, Jun 5, 2023, in Music Add to Reading List

  1. Detroit24
    Posts: 7,191
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    Joined: Feb 15, 2011

    Jun 5, 2023
    Young Buck is reportedly auctioning off his catalog to help pay off a massive debt he owes to 50 Cent.

    The pair have been at serious odds with each other ever since Buck said the G-Unit leader forced him to declare bankruptcy in 2020.

    50 had sued Young Buck over music he claimed was still owed to G-Unit, and according to court documents presented in Buck’s bankruptcy case, 50 planned to claim two owed albums and a $250,000 debt from Buck, citing a two-year agreement he signed back in 2014.

    Now, it seems Young Buck — who has struggled with financial woes in recent years due to child support debts and issues with the IRS — is going to serious lengths to pay back the Power mogul, with AllHipHopreporting that the Tennessee rapper is selling off the rights to his music in order to generate some revenue.

    The outlet confirmed that Buck is auctioning off his performance royalties, mechanical royalties, publishing royalties and song copyrights, which have been valued at over $700,000 by brokerage firm SongVest, which specializes in auctioning off music royalties.

    Trustee Erica R. Johnson told the outlet the catalog’s auction will likely be enough to pay off some of Buck’s creditors, including 50 Cent.

    Buck has been very transparent about his situation with 50 Cent, saying in an interview with the It’s Tricky with Raquel Harper podcast that the Get Rich Or Die Tryin’ rapper was to blame for his bankruptcy filing in 2020.

    “Once he stopped me from being able to make money, I filed another bankruptcy,” Buck said. “They stopped him from being able to cease-and-desist in regards to me being able to, you know.”

    He continued: “I included what he claimed that I owed him in the bankruptcy to be able to say, ‘Well hey, if you’re owed this and present whatever receipts or whatever… You will be paid type of situation.’ But that was the only way I was able to go forward with working, so.”

    He could get whatever he’s looking for from me, I can get what I’m needing from him. I can move on with my life, and continue feeding my kids.

    “He could do the same. Like I said, my biggest situation was the fact that he sent cease-and-desists out to try to stop all of my music, and get everything pulled down based on saying I’m still an artist on G-Unit.”
     
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  2. CSW
    Posts: 7,949
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    Location: America n-----

    CSW Member 3461

    Jun 5, 2023
    [​IMG]
     
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  3. henzINNIT
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    henzINNIT Poster on the internet

    Jun 5, 2023
    Imagine signing a contract with 50 Cent. Buck is a fool for doing it again in 2014 after the s--- that already happened.
     
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  4. Wreckless
    Posts: 11,067
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    Jun 5, 2023
    Buck the type of dude to borrow money and spend it on stupid s---. Then be too broke to pay it back.

    Man is always crying and blaming it on 50 instead of taking responsibility for his own decisions.

    We never see Banks crying.
     
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  5. thecanibus
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    thecanibus Updated by Slyk bc I was wishing death on someone

    Jun 5, 2023
    I'll give him 5k for the gunit chain.
     
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  6. The Lyricvore
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    The Lyricvore shangri la frontier

    Jun 5, 2023
    I’d drop 20 easy. That was the dopest chain ever .
     
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  7. The Lyricvore
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    The Lyricvore shangri la frontier

    Jun 5, 2023
    It’s unfortunate how bucks career and everything went. His first album had some bangers , second was nothing to sneeze at . But come on. He kind of dug his own grave in a way . He knew how 50 cent is. And he signed a contract. Simple as that .
     
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  8. Marsh
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    Marsh May 15th

    Jun 6, 2023
    Buck could have been up there with T.I. and Jeezy
     
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  9. Marsh
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    Marsh May 15th

    Jun 6, 2023
    50 learned from the situation with Game
     
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  10. Marsh
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    Marsh May 15th

    Jun 6, 2023
    I'll give him 6k for Olivia's number if he still has it
     
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  11. Ricky
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    Ricky Hip-Hop CEO ™

    Jun 6, 2023
    5k is more than 20.
     
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