Must Read: Lil Wayne sued and on the verge of loosing young money label

Theirs a new report by tmz stating that Lil Wayne could loose his young money label which 'houses star artistes like Drake and Nicki Minaj among many others. The report confirms that theirs a law suit against young money.

Turns out before there was Young Money by Lil. Wayne, there was something called youngmoney.com a business specializing in helping young entrepreneurs manage and make money for more than a decade.                         
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.

 mmmhhh! okay, i'll keep you guys updated with new developments