However, this information was brought to light by Wayne’s former manager Ronald Sweeney who has brought the lawsuit to court for $20 million dollars. Also, as TMZ report goes Ronald Sweeney claims Wayne hired him in 2005 to help renegotiate his deal with Birdman and his company, Cash Money.
Moreover, in the lawsuit Ronald Sweeney mentions that Lil Wayne sales his masters to Universal Music for $100 million dollars this past June.
Wayne is not asking for anything out of the deal, he just brings it up to let them know that he has the money to pay him.
Besides, this deal has obviously not made public by either Wayne or UMG. Also, Weezy did not comment on the matter just yet. But interestingly, Wayne previously also sued Ronald Sweeney for $20 million dollars last year. Basically, for charging him 10% attorney commission instead of the industry practice 5%.