Judge denies Adidas’ request to re-freeze $75M of Kanye West’s Yeezy funds
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Apr 26, 2024
#KanyeWest #Yeezy #JonnyFastlane
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Peace, y'all. It's your boy, Johnny Fastlane here with AllHipHop.com. So, a judge rules against
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Adidas to re-freeze a $75 million line of credit for Yeezy. Let's talk hip hop
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All right, Joe, the situation is crazy, right? Because a judge just ruled in Kanye's favor
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against Adidas, right? At least for now, the trial is still going on and you guys know basically
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Kanye's being sued, Adidas being sued. It's Adidas being sued by their investors and then
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Adidas is suing Kanye West, right? The whole situation is that, of course, you guys know
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Adidas gave Kanye West a $75 million line of credit for his Yeezy brand, right? The whole
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situation is that they put a freeze on that $75 million while everything was trying to be figured
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out, but that freeze has been lifted. So, Yeezy brand or Kanye himself can have access to the
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money. A judge actually ruled in Kanye's favor or in Yeezy brand's favor denying Adidas' request to
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re-freeze that $75 million, right? So, the whole situation is crazy. Now, keep in mind that was an
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emergency request to freeze that money. They might be able to still be able to freeze the money if
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they go through more traditional routes. So, we will see what happens, man. So, the next court date
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I believe, is in a few days. Today is Tuesday, so Wednesday. I think the court date is in about
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a week from now, right? So, we will see then what happens if a judge does decide to re-freeze
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the $75 million line of credit for Yeezy brand, but right now, it's not frozen, right? The whole
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situation is crazy, man. And you guys know, Adidas basically severed ties with Kanye West last year
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When Kanye was saying that he was going to go DEF CON 3 on Jewish people, he actually did talk a
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lot of shit about Jews. And so, I mean, these are the results. Let me know what y'all think about
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this in the comments
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