The World Poker Fund Holdings and CelebrityWorld.com Spokesperson Matthew Bird has just revealed that Soulja Boy lied about 400 million dollar deal.
According to the spokesperson Matthew Bird who just recently spoke with Forbes, the deal is not a fully cash transaction but rather reliant on different factors.
He really kind of jumped the gun,” Matthew Bird said while speaking on Soulja Boy. “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.”
Earlier this month Soulja Boy tweeted that he was about to receive a $400,000,000 deal which would automatically place him above Hip Hop names such as 50 Cent, Birdman, Drake, and Kanye West, but we all knew this news would come.