April 17, 2018 updated with a statement from Qatari Investment Authority: This article includes a number of allegations that are unfounded and incorrect. Among others, neither the Qatar Investment Authority nor its CEO are investors in, nor have they had any involvement with, Big3.”
(AllHipHop News) Ice Cube's BIG3 is heading to court in a billion-dollar lawsuit against his former investors.
Lawyers for Ice Cube's BIG3 are suing the Qatari Investment Authority, claiming they failed to give up a $5 million dollar investment for a minority ownership stake in the league.
Instead of coming up with the $5 million, Sheikh Abdulla bin Mohammed bin Saud Al Thani, who is the CEO Qatari Investment Authority, stalled.
"These members and associates of the royal family made excuse after excuse for not paying, all of which is documented in text messages and emails, where the blame for their failure to fund the millions they owed the BIG3 ran the gamut from their 'sinuses,' 'hiking,' it being a 'long day bro,' and to bad press regarding Qatar associations with alleged funding of terrorism."
According to Cube, things took an ominous turn when a man named Ahmed Al-Rumaihi, who worked with the Qatari Investment Authority, threatened his life.
"You don't know who I know in L.A. and what they're capable of. You should think of your safety and the safety of you and your family," Al-Rumaihi allegedly told Ice Cube.