Young Money Entertainment has stepped up to clear the air on weekend reports which suggest Lil Wayne may not be in business with soccer superstar Cristiano Ronaldo. #believethehype
The latest reports claim Weezy F. Baby will handle a portion of Ronaldo’s business affairs.
TMZ Sports broke the story … Weezy is starting his own sports management company and Ronaldo is client numero uno. Ronaldo tweeted that there will be NO changes to his current management team — which we’re told is partially true … no one is getting fired. He’s just adding Young Money to handle branding, marketing and other sports management issues in the United States. In fact, a rep for Young Money tells us Wayne and Ronaldo are 100% working together. (TMZ)
Details of Mr. Carter’s newest business venture surfaced online heading into the weekend.
Our sources tell us … Weezy has been wanting to get into the sports management game for a while and has had his sights set on the Team Portugal stud … not just because he’s a huge sports star, but because they’re friends. We’re told Weezy’s company will be working with PolarisSports — which is affiliated with the CAA agency and GestiFute — through which Ronaldo’s agent Jorge Mendes operates. (TMZ)
The reports also claimed Wayne decided to tag his close pal C. Ronaldo
Our sources tell us Wayne’s company will handle Ronaldo’s sports management affairs in the United States — everything from branding to marketing and endorsement deals. Even modeling. Seems Ronaldo is pumped about the situation — he just posted a photo with the Prime Minister of Japan along with other Japanese politicians … and they were all throwing up the YMCMB sign. (TMZ)
Buzz about Cash Money possibly launching its own sports company emerged last December.
One potential justification for why any public use of “Visionaire Sports Group” is tough to find is that Cash Money Records may have altered its plans since applying for the trademark in October. According to football industry watchdog website Inside the League, Young Money Records is said to be conducting necessary due diligence to enter the athlete representation arena as early as the beginning of 2014. (Forbes)