Kanye West gets the support of court in his fight against Adidas about the 

Kanye West Reaps a Positive As Court Stops Adidas from Freezing $75,000,000 Worth of Yeezy Apparels Over Lack of Evidence

The court is standing by Kanye West
[https://www.netflixjunkie.com/tag/kanye-west/] in his fight with Adidas. While
the rapper has multiple cases filed against him, this one is heading in a
positive direction for him at last. A partnership that ran successfully for
nearly ten years is now on a battlefield over enormous amounts of money. The
aftermath of this is both suffering from a loss of millions of dollars.

Ye had accused the company of freezing his accounts after their very public
split. But Adidas froze the funds, claiming that Ye could misuse them now that
he may be going through financial troubles. The rapper’s team eventually
succeeded in getting the ban lifted, but the German company continues to make an
attempt to revert it.


COURT REFUSES ADIDAS’ PLEA TO RE-FREEZE $75 MILLION THAT KANYE WEST HAS PUT A
CLAIM ON

Adidas has failed to re-freeze the $75 million claiming that Ye could misuse the
money. The case which is with US District Judge Valerie Caproni in Manhattan,
got refusal when the company confessed to wanting to have the funds temporarily
restrained in fears that they could get used up. According to ThePeninsulaQatar.
[https://thepeninsulaqatar.com/article/30/05/2023/adidas-cant-freeze-yes-75-million-yeezy-marketing-payment]
Adidas blamed Ye’s insolvency for it as well as his violation of the contract.
However, the court came to the conclusion that the company has not given
sufficient evidence to back its argument yet.



Ye has been very vocal about the incident since the beginning. He even stood for
election, claiming it would force the Government to look into the frozen
account. Now the court holds that Adidas’ claims of West’s bankruptcy are backed
by media speculation. Also, there is a lack of evidence to show how de-freezing
could cause irreparable damage to the company.

ALSO READ: $165,140,000,000 Worth Competitor Warned Adidas About Kanye West and
His Behavior, but the Sports Giant Couldn’t Avoid a Billion Dollar Loss
[https://www.netflixjunkie.com/music-news-one-hundred-sixty-five-billion-one-hundred-forty-million-worth-competitor-warned-adidas-about-kanye-west-and-his-behaviour-but-the-sports-giant-couldnt-avoid-a-billion-dollar-loss/]

Both Ye and Adidas earn millions through their Yeezy collaboration, but the end
to that fortune was as public as their collection.


HOW DID YE AND ADIDAS END UP IN THIS SITUATION?

As per Kanye West’s lawyers, the collaboration contract mentioned Ye receiving
$100 million a year from Adidas. Now whether the $75 million comes from that
payment or not, we do not know. The company, however, claims that they have
reserved it for marketing purposes.

7 Months After the Split with Kanye West, Where Is Adidas Keeping the
$1,300,000,000 Yeezy Sneakers?
[data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==]Credits:
Imago

Adidas argues that Ye violated the rules by speaking out anti-Semitic remarks
that cost both him and the company big time. After turning a blind eye to his
controversies, they finally called it quits. Today, it is not only spending on
court proceedings, but also on getting rid of more than $1 billion worth of
unsold Yeezy products.

ALSO READ: Kanye West vs Adidas: $75,000,000 of Frozen Assets Become the Crux of
Court Battle
[https://www.netflixjunkie.com/music-news-kanye-west-vs-adidas-dollar-seventy-five-million-of-frozen-assets-become-the-crux-of-court-battle/]

What do you think about the court’s order against Adidas’ plea? Share your
opinions in the comments.

Neha Subhash

Comment

Kanye West Reaps a Positive As Court Stops Adidas from Freezing $75,000,000 Worth of Yeezy Apparels Over Lack of Evidence - Netflix Junkie

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Neha Ghag is a prime-time entertainment writer for Netflix Junkie, who has written nearly 1000 articles, immersing herself in pop culture. Writing was not her first choice, but she has now found solace in unraveling the fascinating stories of public figures' personal and professional lives. Neha is a fan of classic hip-hop and psycho thrillers, and she can talk endlessly about Kanye West. Her contribution to NJ's live coverage of big events such as Oscars 2023 has been invaluable. Neha firmly believes in the art of storytelling and aspires to become a renowned columnist. When she's not writing, she indulges in her love for travel and exploring new places.

https://netflixjunkie.com/music-news-kanye-west-reaps-a-positive-outcome-as-court-stops-adidas-from-freezing-dollar-seventy-five-million-worth-of-yeezy-apparels-over-lack-of-evidence

Kanye West Reaps a Positive As Court Stops Adidas from Freezing $75,000,000 Worth of Yeezy Apparels Over Lack of Evidence - netflix-junkie

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<p>The court is standing by <a href="https://www.netflixjunkie.com/tag/kanye-west/" rel="noopener">Kanye West</a> in his fight with Adidas. While the rapper has multiple cases filed against him, this one is heading in a positive direction for him at last. A partnership that ran successfully for nearly ten years is now on a battlefield over enormous amounts of money. The aftermath of this is both suffering from a loss of millions of dollars.</p>
<p>Ye had accused the company of freezing his accounts after their very public split. But Adidas froze the funds, claiming that Ye could misuse them now that he may be going through financial troubles. The rapper&#8217;s team eventually succeeded in getting the ban lifted, but the German company continues to make an attempt to revert it.</p>
<h2>Court refuses Adidas&#8217; plea to re-freeze $75 million that Kanye West has put a claim on</h2>
<p>Adidas has failed to re-freeze the $75 million claiming that Ye could misuse the money. The case which is with US District Judge Valerie Caproni in Manhattan, got refusal when the company confessed to wanting to have the funds temporarily restrained in fears that they could get used up. <a href="https://thepeninsulaqatar.com/article/30/05/2023/adidas-cant-freeze-yes-75-million-yeezy-marketing-payment" target="_blank" rel="noopener">According to ThePeninsulaQatar.</a> Adidas blamed Ye&#8217;s insolvency for it as well as his violation of the contract. However, the court came to the conclusion that the company has not given sufficient evidence to back its argument yet.</p>
<div class="flex-video widescreen youtube"><iframe loading="lazy" title="Kanye West Was Right About $75,000,000 Being Frozen From His Bank Accounts By Adidas" width="1170" height="658" src="https://www.youtube.com/embed/CsEFlX3HT8k?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe></div>
<p>Ye has been very vocal about the incident since the beginning. He even stood for election, claiming it would force the Government to look into the frozen account. Now the court holds that Adidas&#8217; claims of West&#8217;s bankruptcy are backed by media speculation. Also, there is a lack of evidence to show how de-freezing could cause irreparable damage to the company.</p>
<p><strong>ALSO READ:</strong> <a href="https://www.netflixjunkie.com/music-news-one-hundred-sixty-five-billion-one-hundred-forty-million-worth-competitor-warned-adidas-about-kanye-west-and-his-behaviour-but-the-sports-giant-couldnt-avoid-a-billion-dollar-loss/" target="_blank" rel="noopener">$165,140,000,000 Worth Competitor Warned Adidas About Kanye West and His Behavior, but the Sports Giant Couldn’t Avoid a Billion Dollar Loss</a></p>
<p>Both Ye and Adidas earn millions through their Yeezy collaboration, but the end to that fortune was as public as their collection.</p>
<h2>How did Ye and Adidas end up in this situation?</h2>
<p>As per Kanye West&#8217;s lawyers, the collaboration contract mentioned Ye receiving $100 million a year from Adidas. Now whether the $75 million comes from that payment or not, we do not know. The company, however, claims that they have reserved it for marketing purposes.</p>
<figure id="attachment_93209" aria-describedby="caption-attachment-93209" style="width: 2560px" class="wp-caption aligncenter"><img loading="lazy" class="wp-image-93209 size-full lazyload" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" data-src="https://www.staging.netflixjunkie.com/wp-content/uploads/2023/02/imago0091771011h-scaled.jpg" alt="7 Months After the Split with Kanye West, Where Is Adidas Keeping the $1,300,000,000 Yeezy Sneakers?" width="2560" height="1707" data-sizes="auto" data-srcset="https://www.staging.netflixjunkie.com/wp-content/uploads/2023/02/imago0091771011h-scaled.jpg 2560w, https://www.staging.netflixjunkie.com/wp-content/uploads/2023/02/imago0091771011h-300x200.jpg 300w, https://www.staging.netflixjunkie.com/wp-content/uploads/2023/02/imago0091771011h-1024x683.jpg 1024w, https://www.staging.netflixjunkie.com/wp-content/uploads/2023/02/imago0091771011h-768x512.jpg 768w, https://www.staging.netflixjunkie.com/wp-content/uploads/2023/02/imago0091771011h-1536x1024.jpg 1536w, https://www.staging.netflixjunkie.com/wp-content/uploads/2023/02/imago0091771011h-2048x1365.jpg 2048w, https://www.staging.netflixjunkie.com/wp-content/uploads/2023/02/imago0091771011h-1200x800.jpg 1200w" sizes="(max-width: 2560px) 100vw, 2560px" /><figcaption id="caption-attachment-93209" class="wp-caption-text">Credits: Imago</figcaption></figure>
<p>Adidas argues that Ye violated the rules by speaking out anti-Semitic remarks that cost both him and the company big time. After turning a blind eye to his controversies, they finally called it quits. Today, it is not only spending on court proceedings, but also on getting rid of more than $1 billion worth of unsold Yeezy products.</p>
<p><strong>ALSO READ:</strong> <a href="https://www.netflixjunkie.com/music-news-kanye-west-vs-adidas-dollar-seventy-five-million-of-frozen-assets-become-the-crux-of-court-battle/" target="_blank" rel="noopener">Kanye West vs Adidas: $75,000,000 of Frozen Assets Become the Crux of Court Battle</a></p>
<p>What do you think about the court&#8217;s order against Adidas&#8217; plea? Share your opinions in the comments.</p>


Kanye West vs Adidas: $75,000,000 of Frozen Assets Become the Crux of Court
Battle

$165,140,000,000 Worth Competitor Warned Adidas About Kanye West and His
Behavior, but the Sports Giant Couldn’t Avoid a Billion Dollar Loss

<p>**FILE PHOTO** Kanye West Dropped by Adidas. MIAMI, FLORIDA &#8211; MARCH 12: Rapper Kanye West and girlfriend Chaney Jones along with rapper Future attend a game between the Miami Heat and the Minnesota Timberwolves at FTX Arena on March 12, 2022 in Miami, Florida PUBLICATIONxNOTxINxUSA Copyright: xHoo-me.com/MediaPunchx</p>


**FILE PHOTO** Kanye West Dropped by Adidas. MIAMI, FLORIDA &#8211; MARCH 12: Rapper Kanye West and girlfriend Chaney Jones al

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https://www.staging.netflixjunkie.com/wp-content/uploads/2023/02/imago0171151274h-scaled.jpg

Kanye West gets the support of court in his fight against Adidas about the $75 million that they froze after ending their collaboration

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Neha Subhash Ghag

description

https://www.netflixjunkie.com/music-news-kanye-west-reaps-a-positive-outcome-as-court-stops-adidas-from-freezing-dollar-seventy-five-million-worth-of-yeezy-apparels-over-lack-of-evidence/

Kanye West Reaps a Positive As Court Stops Adidas from Freezing $75,000,000 Worth of Yeezy Apparels Over Lack of Evidence

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