Soulja Boy will NOT receive $400 MILLION for his deal with World Poker Fund

AINT NO $400 MILLION BIH..

 
At the dawn of this month, an overjoyed Soulja Boy took to Twitter to tell the world that he’d been blessed with a $400 MILLION endorsement deal which we later discovered was with World Poker Fund…

Well, word on the block has it the 25-year-old “Crank Dat” spitter will in fact be raking in major COIN from the deal…just approximately $397.5 million LESS than the amount he thought..

SUCKSSSSSS BRO..

SO PEEP…

 

Last week, higher-ups of the WPF confirmed they’d tapped Soulja to promote some of their online gaming assets such as CelebrityWorld.com and its soon-to-launch “in-flight gaming” platform…

 
While a press release dropped by the company–which is valued at $52 million and lost over $400,000 last year–lead Hip-Hop heads to believe that the “Love And Hip-Hop Hollywood” star would be pocketing the full $400 milli he tweeted about, it turns out they actually paid the rapper in stock and revenue sharings of which the value is capped at $400 mil, according to, World Poker Fund spokesperson Matthew Bird…

 
Soulja Boy will NOT receive $400 MILLION for his deal with World Poker Fund
 

“He really kind of jumped the gun” by using the $400 million figure, the spokesman told Forbes. “The deal is capped at $400 million, and it’s based on a forward-thinking valuation of the company. He’s young, he’s 25 years old. He got really excited, and he tweeted something he probably shouldn’t have tweeted. He was getting a lot of pressure from within the entertainment community, so he wanted to put a statement out. Obviously, the company’s market cap is at $51.8 million. There’s no way they could cut a $400 million deal. Endorsement deals are calculated on a lot of different factors. This is not a fully cash transaction.”

 
AHHHHHHH…

 
So in actuality, Soulja received 1.5 million shares of the company valued at $1.70 each…thus, his earnings total about $2.5 milli…

 
WHICH IS STILL A NICE CHECK… 

  
Soulja Boy has NOT yet publicly commented on the World Poker Fund spokesperson’s comments about his money…

BUT WE GOT A FEELING HE AINT TOO HAPPY..

 
THOUGHTS? 

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