Lil Wayne’s former manager Ronald Sweeney is reportedly suing the rapper for more than $20 million claiming he managed over 30 lawsuits for Wayne but received very little payment.
In court documents seen by TMZ, Sweeney says the 38-year-old rapper hired him 15 years ago amid the restructuring of his Young Money label with Cash Money head Birdman.
He says when Wayne had settled his deal with Cash Money more than two years ago he only paid a handful of small payments in connection with the deal.
Sweeney and Avant Garde claim that the Grammy Award winning rap star hasn’t paid the promised 10% of recovery from lawsuits, 10% of the master recordings sale and 17% in commission from overall management.
Sweeney also revealed to the court that Wayne ordered him to terminate his label’s deal with his manager Cortez Bryant in May 2018 over separate litigation between the Cash Money Label and Drake.
He also added that Lil Wayne is flush with resources after his sale of his masters for $100 million-plus to Universal Music Group.
When it was announced in 2018 that Lil Wayne, Birdman and Cash Money had reached a settlement that led to the long delayed release of ‘Tha Carter V’, Sweeney made a statement on behalf of Wayne.
“I can say that my client is happy. He is his own man, a man that owns his assets, his music and himself.”
Lil Wayne’s camp has not commented on the issue.