TMZ Hip Hop‘s learned he’s selling it to his partners at Bacardi, but he suspects the company’s playing a high stakes “shell game.”
As TMZ first reported … Jay’s filed docs demanding Bacardi open up the books on its 50/50 partnership with him on D’Ussé — the top-shelf cognac they’ve co-owned since 2012 — and now we know why. According to docs, Jay’s company, SC Liquor, exercised its right to a buyout about a year ago. Under their agreement, Bacardi now has to “negotiate in good faith” to come up with a fair price for Jay’s stake in D’Ussé. Therein lies the problem … Jay thinks they’re not playing fair. In the docs, SC Liquor says Bacardi’s subsidiary, Empire Investments Inc., is trying to “stall and stonewall” all efforts to get financial info on the valuation of D’Ussé.
Jay thinks their endgame is lowballing him on the price.
Even further, Jay accuses Bacardi of mismanaging in all sorts of ways with the intent of lowering profits.