Adidas Declined Kanye West's Request To Re-Freeze $75 Million In Yeezy Accounts

Adidas management were refused their attempt to re-freeze $75 million (£61 million) in Yeezy brand funds owned by Kanye West.

Earlier this month, executives at the German sportswear conglomerate sought a New York federal court to impose a freeze on $75 million in accounts belonging to West’s Yeezy since the firms’ profitable alliance was terminated last year.

According to court records obtained by Billboard, a Manhattan federal judge determined on Tuesday that Adidas’ motion for a re-freeze would be denied.

According to the emergency order request, Adidas would suffer “irreparable harm” if Yeezy was able to shift the money, but the judge found, “It is hereby ordered that… Adidas’s motion for a TRO (temporary restraining order) is denied.”

Despite losing the emergency request, Adidas could still obtain a standard asset freezing order. Both parties have agreed to file briefs on the request by June 1.

Adidas cut ties with West in October after he made a string of anti-Semitic remarks on social media and in interviews.

“Adidas does not tolerate antisemitism or any other type of hate speech,” the company stated at the time. “Ye’s recent comments and actions have been unacceptable, hateful, and dangerous, and they violate the company’s values of diversity, inclusion, mutual respect, and fairness.”

In November, the Stronger rapper informed X17 that Adidas had frozen $75 million in his bank accounts.

“Four nights ago, I went from being a multibillionaire to not even being able to use my Apple Pay.” “I couldn’t use my Apple Pay because Adidas was legally able to go in and freeze my money,” he claimed.

Adidas Declined Kanye West’s Request To Re-Freeze $75 Million In Yeezy Accounts

Adidas management were refused their attempt to re-freeze $75 million (£61 million) in Yeezy brand funds owned by Kanye West.

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