Donkey Of The Day: Soulja Boy – $400 Million Deal Fabrication (Audio)

138
🔥64

Donkey Of The Day: Soulja Boy - $400 Million Deal Fabrication (Audio)

On May 1, Soulja Boy tweeted that he had just locked down a $400 million deal. "$400 million deal confirmed. I still they think they low balled me though. I was thinking 2 or 3 billion," he wrote.  

Billboard and other reputable sites confirmed that the deal was with World Poker Fund Holdings based on a press release that was sent out. According to CNN Money, World Poker Fund Holdings has a market capitalization of around $52 million. WPFH’s own annual report lists losses of over $400,000 last year.

Donkey Of The Day: Soulja Boy - $400 Million Deal Fabrication (Audio) Donkey Of The Day: Soulja Boy - $400 Million Deal Fabrication (Audio) Donkey Of The Day: Soulja Boy - $400 Million Deal Fabrication (Audio)

A company worth just over $52 million couldn't possibly afford to cut a $400 million endorsement deal.

Company spokesperson Matthew Bird explained to Forbes that the deal includes both stock and revenue-sharing.

“He really kind of jumped the gun” by using the $400 million figure, Bird says. “The deal is capped at $400 million, and it’s based on a forward-thinking valuation of the company. He’s young, he’s 25 years old. He got really excited, and he tweeted something he probably shouldn’t have tweeted. He was getting a lot of pressure from within the entertainment community, so he wanted to put a statement out. Obviously, the company’s market cap is at $51.8 million. There’s no way they could cut a $400 million deal. Endorsement deals are calculated on a lot of different factors. This is not a fully cash transaction.”

Donkey Of The Day: Soulja Boy - $400 Million Deal Fabrication (Audio)

Based on all of the information above, Charlamagne Tha God, gave SB the "Donkey of the Day" for Monday, May 23.  

Follow Me

Donkey Of The Day: Soulja Boy - $400 Million Deal Fabrication (Audio) Donkey Of The Day: Soulja Boy - $400 Million Deal Fabrication (Audio) Donkey Of The Day: Soulja Boy - $400 Million Deal Fabrication (Audio) Donkey Of The Day: Soulja Boy - $400 Million Deal Fabrication (Audio) Donkey Of The Day: Soulja Boy - $400 Million Deal Fabrication (Audio) Donkey Of The Day: Soulja Boy - $400 Million Deal Fabrication (Audio) Donkey Of The Day: Soulja Boy - $400 Million Deal Fabrication (Audio) Donkey Of The Day: Soulja Boy - $400 Million Deal Fabrication (Audio) Donkey Of The Day: Soulja Boy - $400 Million Deal Fabrication (Audio) Donkey Of The Day: Soulja Boy - $400 Million Deal Fabrication (Audio)