Hailey Bieber's Rhode Deal Will Help Justin's Scooter Braun Settlement, ‘Source' Claims
Justin Bieber's settlement contract with Scooter Braun has a key provision, 'source' claims
Justine Bieber might not settle his multimillion-dollar debt with former manager Scooter Braun and his former company, HYBE Corporation, anytime soon. A source has revealed that the singer is reportedly depending on his wife, Hailey Bieber's Rhode deal payout to clear his debt.
An insider told TMZ that the pop icon will not clear his $31.5 million debt until the funds from Hailey's recent multibillion-dollar deal with e.l.f. Beauty is securely in the bank. The Rhode's sale, valued at approximately $1 billion, will likely close 'probably in a month or two.' Till then, the 'Baby' singer is ready to wait for the settlement.
Although with the Rhode deal, it's the model who will get the majority of the money, Justin will get some amount too, since he is an investor in the company. As per the report, the 31-year-old singer will get $50 million cut from the sale.
In May, an independent audit determined that the dad of one owes millions to Braun and his then-company HYBE due to the abrupt cancellation of his 2022 'Justice' world tour. The pop sensation was forced to cancel his tour after developing Ramsay Hunt syndrome, which caused facial paralysis.
At the time, HYBE paid AEG $26 million to cover the costs associated with the cancelled tour. As part of their settlement, Justin has agreed to pay the South Korean entertainment company, HYBE, the full $26 million. He has also agreed to half of the remaining commission debt, totalling approximately $31.5 million.
Originally reported by Parul Singh on Reality Tea.
The post Hailey Bieber's Rhode Deal Will Help Justin's Scooter Braun Settlement, 'Source' Claims appeared first on Mandatory.
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