Dame Dash’s Roc-A-Fella Shares May Not Be As Desirable As They Sound

Dame Dash’s stake in Roc-A-Fella Records is set to be auctioned off by the U.S. Marshal, and though it includes JAY-Z’s classic debut Reasonable Doubt, the value may not be as appealing as it seems.

Dame’s 33.3 percent interest in the iconic record label will be sold at a public auction in New York City on August 29. The sale’s proceeds are intended to settle the $823k he owes to movie producer Josh Weber for copyright infringement and defamation related to the 2016 film Dear Frank.

However, sources reveal that this auction might not be as attractive as it sounds. The buyer will only obtain a minority stake with no decision-making power, as all major decisions require a majority vote. Additionally, the financial returns from the shares are expected to be short-lived.

“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,” a source stated.

Earlier this year, after a judge mandated that Dame sell his shares to cover his debt, both Jay and Biggs opposed the sale, citing that the company bylaws require the board of directors to first approve any sale of stakes in the label.

Despite their objections, U.S. Magistrate Robert W. Lehrburger ruled that Dame’s one-third ownership of Roc-A-Fella could be seized to help cover the judgment, as it is his personal property.

In his decision, Lehrburger criticized Jay and Biggs for creating a no sell-off clause during a 2021 board meeting that Dame did not attend. He ordered Roc-A-Fella to hand over Dame’s stock certificate to the U.S. Marshals Service for the auction within 180 days.

Jay and Biggs’ main concern, however, is not about siding with Dame but about preventing an outsider from purchasing the intellectual rights of Roc-A-Fella. To address this concern, Lehrburger noted that they can participate in the auction and place the winning bid.