Chris Brown Risks Asset Seizure for $2M Unpaid Loan on Popeyes Ventures

Chris Brown embroiled in legal woes beyond business disputes.

by Nouman Rasool
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Chris Brown Risks Asset Seizure for $2M Unpaid Loan on Popeyes Ventures
© Amy Sussman/Getty Images

R&B sensation Chris Brown, along with a consortium of investors including the notable producer The-Dream, has been mandated by the courts to address outstanding debts owed to City National Bank (CNB). This financial obligation stems from a loan procured in 2018, aimed at launching two Popeyes Chicken franchise outlets.

The group's failure to meet the loan repayments has escalated to legal action, spotlighting the financial entanglements celebrities can face. City National Bank initiated legal proceedings against Brown and his investment group in September 2023, following their default on the 2018 loan.

Court documents revealed that as of February 17, 2023, the debt amounted to $2,140,901.74, covering both the principal and accrued interest. Brown, having personally guaranteed the loan, finds himself directly accountable for a substantial portion of this debt.

The legal battle, originating in Georgia, saw the courts siding with CNB. Subsequent actions were taken in California to enforce the collection of the owed funds. On February 27, a Los Angeles court upheld a sister-state judgment in favor of City National Bank, ordering Brown to pay $1,314,367.40.

The court's decision places Brown under pressure to settle the debt within 30 days, failing which CNB could initiate proceedings to seize assets from the singer to recuperate the owed amount.

Brown's Assault Allegations

This legal predicament over the Popeyes investment is not the only issue plaguing Brown.

In a separate incident, he faces allegations from Abe Diaw, who accused Brown of assaulting him with a bottle of Don Julio 1942 tequila at a London nightclub in February 2023. The assault allegedly left Diaw with significant physical injuries and emotional trauma, prompting him to seek legal redress.

Chris Brown's career has been marred by legal controversies, dating back to 2009 following his assault on then-girlfriend Rihanna. Despite these setbacks, Brown continues to maintain a presence in the music industry, recently announcing his 11:11 Tour across North America.

This tour, featuring artists Ayra Starr and Muni Long, underscores Brown's attempt to navigate his career amidst ongoing legal challenges.

Chris Brown
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