Black Business

Suge Knight’s $500K Investment in Deion Sanders’ Rap Career


In a recent conversation with Nick Cannon, Suge Knight claimed he made a significant investment in Deion Sanders’ rap career during the Death Row Records era. Knight claimed to have poured over half a million dollars into supporting the former NFL star’s venture into the music industry, which included studio time and collaboration with renowned producer Dallas Austin. However, Knight said there was a twist in the story, suggesting that Deion Sanders, now head football coach at the University of Colorado Boulder, had reservations about working with a Black-owned company like Death Row–according to Knight.

ATLANTA, GEORGIA – JUNE 17: Deion Sanders, Jackson State University Head Football coach, attends The Big Homecoming Event at Clark Atlanta University on June 17, 2022 in Atlanta, Georgia. (Photo by Paras Griffin/Getty Images)

According to Suge…

“When Prime wanted to be a rapper…I spent over half a million dollars of my own money,” Knight told Cannon on the Oct. 31 episode of “The Daily Cannon” podcast. “I put guys in the studio, I paid Dallas Austin, I did all these songs, did everything. Then one day he came to me and said, ‘Well, Prime’s deal with Nike and Death Row is a Black-owned company, and we don’t really want to deal with a Black-owned company, even though you paid for everything…We signed to you, put us on the Interscope label brand.”

RELATED STORY: CU Buffs Coach Deion Sanders Seeks Trademarks for Epic Catchphrases Like ‘F Around and Find Out’

In 1992, Interscope acquired the exclusive rights to market and distribute releases from Death Row Records.

According to Knight, he approached Jimmy Iovine, co-founder of Interscope Records, to transfer Sanders to the Interscope label. Iovine allegedly agreed.

“So I go to Jimmy [Iovine], say, ‘Look, I paid for everything. The contract’s with me but could you put him out on Interscope.’ They’re like, ‘Oh yeah, [I’ll] do that—anything for you Mr. Knight.’ And so if Prime performing somewhere, I’m taking a private plane to make sure everything’s good. But not one day did anybody give me a dollar back,” Knight claimed.

READ FULL STORY HERE.

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