Music mogul and all round man-mountain Suge Knight has been staring the death of his Death Row records right in the kisser, and now he has taken a big step to save it – Suge has declared himself bankrupt.
Suge Knight bankrupt? Frankly, we’re fearful for Suge – although Death Row records has something more of a secure future after filing for bankruptcy protection, we’d imagine that the minimum daily amount of food that Suge Knight needs to consume in order to not fall over and die runs to several thousands of dollars – and where’s that money going to come from now?
Death Row records is as famous for Suge Knight – the fearsomely
intimidating jailbird label boss – as for the gangsta rap that the
label peddled, or the fleet of scrawny white boys who decided to talk
in ridiculously inappropriate ebonics after listening to it.
But last year, Suge Knight and Death Row records ran into trouble
after it was claimed that a woman named Lydia Harris co-founded the
record label in 1989. Suge Knight was then ordered to pay Harris $107
million. Since then, Suge Knight has had his assets frozen
while he and Harris – and Harris’ convict ex-husband who claims that he
is owed half of the $107 million – scrapped it out in court.
And then, on Saturday, Suge Knight skipped a court session,
leaving the judge no option but to threaten Death Row with
receivership. But now lawyers for Suge Knight have declared that he is
unable to pay the judgement, and in the hours before receivership
motions were made he was declared bankrupt.
Now that Suge Knight is bankrupt, Death Row will no longer go into
receivership – and Suge keeps control of the record label for now.
Fantastic! Suge Knight has avoided shooting himself in the foot. For once.
[story by Stuart Heritage]