Adidas is now asking West to return $75 million of marketing funds, per Bloomberg.
The rapper previously said he spent $50 million of marketing money on his gospel choir tour.
It relates to a marketing fund that was worth $100 million a year, according to court documents seen by Insider.
Adidas says $75 million was paid into two Yeezy bank accounts, but Ye and the companies "mishandled virtually all of the marketing funds," by failing to keep it separate and spending on unauthorized purposes, per Bloomberg.
In a 2020 interview on Nick Cannon's podcast, Ye said that he spent $50 million of Yeezy marketing funds on Sunday Service — his gospel choir tour that included flights to Jamaica for 120 people.
Persons:
Kanye, West, Ye, Nick Cannon's, Valerie Caproni, —
Organizations:
Kanye West, Adidas, Bloomberg, Service
Locations:
Wall, Silicon, Jamaica