Lil Wayne may need to start shopping around for an online home for his Young Money label. The previous owners of Youngmoney.com are suing Tunechi for failing to pay for the lucrative domain.
The suit claims the company that owned the website sold it to Wayne’s Young Money label in 2011 for $600,000. But there were strings attached … if Wayne’s Young Money didn’t make the payments on time, YM would forfeit the name youngmoney.com and it would go back to the seller.
Wayne’s company hasn’t paid the $250K balance it owes and is blatantly blowing off its obligation … according to the lawsuit. So the seller is suing to get its domain name back.
And before you waste your time trying to get into the domain name game, YMCMB.com is already taken, as is YoungMula.com
H/T: big brother