Adidas Says Kanye West ‘Mishandled’ $75 Million of Funds That Were Supposed To Be Used for Marketing the Yeezy Collection
July 21, 2023
Adidas is seeking $75 million from Kanye West, claiming that the rapper “mishandled” funds earmarked for marketing the Yeezy collection. The dispute arises from a marketing fund worth $100 million per year, with Adidas alleging that $75 million was placed into two Yeezy bank accounts and used for unauthorized purposes. Kanye West previously stated that he spent $50 million of Yeezy marketing funds on his gospel choir tour, leading to the ongoing legal battle between the two parties conducted in arbitration.
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