Young Thug Reportedly at Risk of Losing YSL Brand, Name & $6M in Legal Battle with AEG

According to AllHipHop, Young Thug is in risk of losing his YSL brand to AEG, the world’s biggest owner of sports groups and sports occasions. 

AEG has actually reportedly been locked in a legal battle with Young Thug because 2020 after they state he breached an agreement signed in 2017, providing the business special rights to all of Young Thug’s shows. AEG declares that Young Thug took his $5 million advance and continued to book programs on the side, bringing in hundreds of thousands. 

AEG’s attorney, Kathleen Jorrie states in court files gotten by AllHipHop, “Despite having granted AEG the exclusive right to promote Mr. Williams’ concert performances under the terms of the 2017 Artist Agreement, YSL and Mr. Williams immediately failed and refused to honor their respective obligations under the 2017 Artist Agreement by, among other things, disregarding AEG’s rights, performing concerts without AEG’s involvement, and retaining all proceeds generated therefrom.” 

AEG is now looking for ownership of Young Thug’s YSL brand, as he set up his copyright as security in the arrangement. They are likewise requesting for a part of his publishing brochure, the Young Thug hallmark, and $6 million in damages. 

AEG was approved a tentative trial date of October 24th, 2023, which will start after Young Thug is tried out his RICO charges. 

Source: AllHipHop