Cassper Nyovest to Produce 1st Product from Historic R100 Million Deal
- Mzansi rapper and businessman Cassper Nyovest is finally going to release the first product from the famous R100 million Drip Footwear deal
- Cassper took to social media to tease his excited fans about the sneakers that are going to be released soon
- The highly-publicised deal had initially left many confused as they were not sure about how exactly the R100 million ends up in Cassper's pocket
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Cassper Nyovest is going to finally reveal the first product from the hugely broadcast R100 million deal with Drip Footwear that left the internet buzzing.
Source: Instagram
The rapper took to social media to tease the release of the product.
Many are looking forward to the release as there was a lot of confusion about what a R100 million contract entailed. Many wanted to know if Nyovest was paid the R100 million as an upfront fee or whether that would be paid to him by Drip Footwear in annual payments.
Speaking to MacG on his podcast, Drip Footwear owner, Lekau Sehoana, explained that the partnership deal is contingent on joint product releases. Cassper will receive a portion from the products sold, which is expected to eventually amount to R100 million.
Cassper signs R100 million deal with Drip Footwear, fans in awe of the money move
Briefly News reported that Cassper Nyovest signed an absolutely massive deal between himself and Drip Footwear. The historic contract is worth an unbelievable R100 million.
Cassper had hinted earlier that day that he had some big news to announce but no one had any idea that it would be this big.
Briefly News had learned earlier that something big was afoot and posted that #TheLegacyDeal was trending online.
The deal was signed on the tallest building in Africa, The Leondardo Hotel, to mark the magnitude of the contract. Cassper and the founder of Drip Footwear Lekau Sehoana held a press conference on top of the building.
"This is what dreams are made of. It's moments like these that redefine history. A shift of power," Cassper said during the press conference.
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Source: Briefly News
