Drip Footwear CEO Explains 100 Million Deal With Cassper

Will he be getting R100 million at the end?

By  | Jun 11, 2021, 04:01 PM  | Cassper Nyovest  | Top of The

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Cassper Nyovest and Drip Footwear CEO and Founder, Lekau, entered a R100 million deal. Many thought this would mean R100 Million would be making its way to Cassper's pockets but boy, were they wrong.

Read more: AKA And Cassper Turned Down 1 Million

CEO Lekau spoke with Mac G, Sol Phenduka and The Ghost Lady on their Podcast and Chill With Mac G and clarified many things.

Lekau said, "It's just a product and we signed a contract worth R100 million for the products. If it's a sneaker or a T-shirt worth R2000 we are going to make ones that are worth 100 Million. Up until that particular term ends. So that is how much it came to 100 million.

"If one Drip is R1000 then we are going to manufacture 100 000 Drips and that makes 100 Million. So the deal itself is worth R100M not to say by the end of term Cassper would have made R100M,"
Lekau clarified.

During the media briefing, Cassper expressed excitement about the project. This is what he said, “I come from an average South African home, and I’ve told my story a lot of times. I don’t normally tell my story but I met Lekau on Twitter. I saw his shoe and then I hit him up and said I liked his shoe. I wanted to buy the shoe and then he came over to the studio. I was still working on my fourth album,” Cassper explains. 

Read the full article here.

Picture credit: Twitter
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