Drake Faces $4.6M Lawsuit Over Alleged OVO Debt as Brand’s Financial Future Comes Into Question
Zipfm
Drake faces a $4.6 million lawsuit from A.R.I. Growth Capital over alleged unpaid OVO debts, amid restructuring talks.Summary
Canadian rapper Drake is facing a $4.6 million lawsuit filed by investment firm A.R.I. Growth Capital regarding alleged unpaid debts linked to his OVO lifestyle brand. The firm claims OVO defaulted on financing agreements established in early 2025, which were intended to fund the brand's global expansion through loans and convertible notes. A.R.I. states that it attempted to resolve the issue through a workout process and forbearance agreement, but payments reportedly ceased following a partial settlement in May. This legal dispute arises concurrently with reports that OVO is exploring significant business restructuring talks, casting uncertainty on the brand's financial future.
(Source：Zipfm)