0
 

home
news
wu-tang clan
bio's
media
store
blogs
forum
contact

Go Back   Wu-Tang Corp. - Official Site of the Wu-Tang Clan > The Elements > Hip-Hop Shop > Hip-Hop News Articles

Reply
 
Thread Tools Display Modes
Old 02-05-2008, 04:18 PM   #1
MR HIP HOP HEAD
Veteran Member
 
MR HIP HOP HEAD's Avatar
 
Join Date: Sep 2006
Location: California
Posts: 795
Rep Power: 11
MR HIP HOP HEAD crouching tigerMR HIP HOP HEAD crouching tiger
Default Teddy Riley of BLACKstreet Selling Studio; Owes $1 Million

Quote:


Lawyers have agreed to seek a buyer for Teddy Riley's Future Records Recording Studios as the former hit-making producer attempts to pay back some $1 million owed to creditors.

According to Pilotonline.com, on Friday, February 1st, 2008, lawyers representing creditors agreed to seek a buyer for Riley's studio in Thalia, Virginia.

Countless recording artists have recorded at the studio including Michael & Janet Jackson, Heavy D and Blackstreet among others. When it opened in 1991, it was a state-of-the-art studio that cost upwards of $3 million. However, its equipment and facilities are now outdated given current industry standards.

"I'm trying to save this iconic studio for the cultural heritage it represents," said lawyer Richard J. Conrod Sr. "It would be a shame for it to be mowed down or become anything but a recording studio."

Conrod said the studio is worth more as a going business than as real estate. If the studio is sold, Conrod said Riley told him last year that he "will use his influence to bring artists to Virginia Beach."

In 2002, Riley filed for Chapter 11 bankruptcy protection. This didn't stop his money troubles as he continued to encounter issues with the IRS and creditors.
http://www.streethop.com/forums/article.php?t=106379
MR HIP HOP HEAD is offline   Reply With Quote
Old 02-06-2008, 12:32 AM   #2
beautifulcock
BIG DIPPER
 
beautifulcock's Avatar
 
Join Date: Oct 2006
Posts: 15,492
Rep Power: 66
beautifulcock Iron Lungs (Fists of Legend)beautifulcock Iron Lungs (Fists of Legend)beautifulcock Iron Lungs (Fists of Legend)beautifulcock Iron Lungs (Fists of Legend)beautifulcock Iron Lungs (Fists of Legend)beautifulcock Iron Lungs (Fists of Legend)beautifulcock Iron Lungs (Fists of Legend)beautifulcock Iron Lungs (Fists of Legend)beautifulcock Iron Lungs (Fists of Legend)beautifulcock Iron Lungs (Fists of Legend)beautifulcock Iron Lungs (Fists of Legend)
Default

Its Teddy..... ready with 0ne or two bounced checkas
beautifulcock is offline   Reply With Quote
Old 02-06-2008, 02:30 AM   #3
TSA
BIG OPINION, BIGGER LOAD
 
TSA's Avatar
 
Join Date: Jun 2005
Location: LITville, USA
Age: 28
Posts: 36,343
Rep Power: 136
TSA Iron Lungs (Fists of Legend)TSA Iron Lungs (Fists of Legend)TSA Iron Lungs (Fists of Legend)TSA Iron Lungs (Fists of Legend)TSA Iron Lungs (Fists of Legend)TSA Iron Lungs (Fists of Legend)TSA Iron Lungs (Fists of Legend)TSA Iron Lungs (Fists of Legend)TSA Iron Lungs (Fists of Legend)TSA Iron Lungs (Fists of Legend)TSA Iron Lungs (Fists of Legend)
Default

^HAHAHAHAHAHHAH!

*q's greatest song in hip hop history*


i guess he just blew it all on beach parties, and saxaphones

Last edited by TSA; 02-06-2008 at 02:33 AM.
TSA is offline   Reply With Quote
Old 02-12-2008, 04:06 PM   #4
CharlesJones
-
 
Join Date: Jan 2004
Location: Cleveland, Ohio
Age: 39
Posts: 17,196
Rep Power: 57
CharlesJones Iron Lungs (Fists of Legend)CharlesJones Iron Lungs (Fists of Legend)CharlesJones Iron Lungs (Fists of Legend)CharlesJones Iron Lungs (Fists of Legend)CharlesJones Iron Lungs (Fists of Legend)CharlesJones Iron Lungs (Fists of Legend)CharlesJones Iron Lungs (Fists of Legend)CharlesJones Iron Lungs (Fists of Legend)CharlesJones Iron Lungs (Fists of Legend)CharlesJones Iron Lungs (Fists of Legend)CharlesJones Iron Lungs (Fists of Legend)
Default

LOL@Beautifulrock hahahahahahahahahahaha. What is up with these black entertainers owing money to the IRS and not paying taxes?
CharlesJones is offline   Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT -5. The time now is 09:28 PM.


Copyright 2000 - 2015 The Wu-Tang Corp. & shift-one