News: Damon Dash Sells Stake In Rocawear For $22 Million In Cash

"Damon Dash is severing business ties with formers partners including Jay-Z and is selling his stake in Rocawear back to partners for $22 million dollars.

Rocawear was established in 1999 and has grossed over $500 million dollars since its inception.

The move all but seals any further business dealings between the two former Rocawear/Roc-A-Fella co-CEO’s.

“Rocawear was my point of view, a Harlem swagger," Dash told AllHipHop.com of the sale. "They gave me $30 million and 75% of Team Roc. I'm real happy with the deal. I got $22.5 million in cash and the rest in companies (like State Property, Team Roc, Pro-Keds and other entities).""

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